What's Hot

    CGTN: Xi’s Russia visit to launch ‘new vision’ for bilateral ties

    March 20, 2023

    CGTN: President Xi’s Russia visit to promote world peace, boost global development

    March 20, 2023

    Leading the Trend of Pickup Trucks, a New GWM PICKUP Model debuts in the Middle East

    March 20, 2023
    Iran DispatchIran Dispatch
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Iran DispatchIran Dispatch
    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 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.

    Related Posts

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023

    Dollar slips as investors await Powell testimony

    March 6, 2023

    UAE, Egypt, Jordan, and Bahrain sign $2 billion in industrial deals

    February 27, 2023
    Latest News

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Abu Dhabi to host the largest autonomous racing league in the world

    March 18, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023

    Magnitude 7.1 earthquake rocks Kermadec Islands in New Zealand

    March 16, 2023

    Despite banking turmoil, the ECB continues to hike rates

    March 16, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023

    India will have the largest green railway in the world by 2030

    March 14, 2023

    Thefts of cars and bikes increases as Pakistan is on the brink of civil war

    March 14, 2023
    © 2022 Iran Dispatch | All Rights Reserved
    • Home
    • Contact Us

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