Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Tidetron Shines at Future Food Asia 2023, Securing Award for the Fastest Growing Agrifood Biotech Startup in China

    May 29, 2023

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

    May 29, 2023
    Facebook Twitter Instagram
    UAE ReporterUAE Reporter
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    UAE ReporterUAE Reporter
    Home » United States sanctions a Lebanese businessman over Hezbollah links
    Business

    United States sanctions a Lebanese businessman over Hezbollah links

    May 20, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email

    The United States Treasury Department has imposed severe sanctions against Hezbollah, specifically targeting the group’s financial facilitator, Lebanese businessman Ahmad Jalal Reda Abdallah, and his companies. The Treasury Department’s Office of Foreign Assets Control has sanctioned eight of Abdallah’s companies located in Lebanon and Iraq.

    United States sanctions a Lebanese businessman over Hezbollah linksThe Treasury Department has announced that Abdallah is an official of Hezbollah and is an active member of its global financial network. The department said that he has been supporting Hezbollah for decades, including trade and business activities in various countries in exchange for profits that are transferred to the Iran-backed group.

    Due to its heavily armed militia that has fought several wars with Israel, Hezbollah is a powerful group in Lebanon. It was founded by Iran’s Revolutionary Guards in 1982 and is classified as a terror group by the United States and other Western countries. During the Syria war in 2012, it grew stronger in support of President Bashar al-Assad.

    According to a report by the United States, Abdallah used senior employees and his relatives to establish new businesses throughout the Middle East on behalf of Hezbollah. As a result of the elections held on Sunday in Lebanon, Hezbollah and its allies have lost their parliamentary majority.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023

    Successful UAE-India partnership stands as a model of bilateral cooperation

    May 27, 2023
    Latest News
    PR Newswire

    Tidetron Shines at Future Food Asia 2023, Securing Award for the Fastest Growing Agrifood Biotech Startup in China

    PR Newswire

    SINGAPORE, May 29, 2023 /PRNewswire/ — The 7th edition of the Future Food Asia (FFA) conference…

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

    May 29, 2023

    Concept Medical’s fourth IDE approval for the MagicTouch Sirolimus Coated Balloon is granted for the treatment of Superficial Femoral Artery Disease (SFA)

    May 29, 2023

    ASUS Announces Zenbook S 13 OLED, the World’s Slimmest 13.3" OLED Laptop

    May 29, 2023

    Pioneering with Purpose – The Bold Group and Saffron Consultants host brand leadership event in Riyadh

    May 29, 2023

    DMCC PUBLISHES LATEST ‘FUTURE OF TRADE’ REPORT ON GAMING AND ESPORTS – FINDS MENA GAMING REVENUES TO ALMOST DOUBLE BY 2027

    May 29, 2023

    Big Data Expo 2023: Merging Digital Technology with Culture

    May 27, 2023
    © 2021 UAE Reporter | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.