The US Congress took a major step on Thursday towards imposing sanctions on the Lebanese militant group Hizbollah.
Two bills relating to Hizbollah cleared the foreign affairs committee of the US House of Representatives after including amendments - in particular the parts of the text targeting Hizbollah’s narcotics trafficking and other illicit activities.
Committee chairman Ed Royce Mr Royce said the changes would “strengthen the bill” especially after “alarming reports that Hizbollah and Iran are building illicit missile factories on the doorstep of Israel [in South Lebanon] ...near mosques, homes, hospitals, and schools.”
These were "game-changing facilities" in the region, which could be used against Israel and America's allies, Mr Royce said.
The congressman also alluded to Iran's increased funding of Hizbollah and its vast cash network through cocaine trafficking and other activities, and said the bill would "tighten the screws" on Hizbollah's financial operations globally and also push back against the group's "enablers - the Assad regime and Russia.”
The Hizbollah international financing act of 2017 is a strengthened bill from the 2015 law of the same name and calls for sanctions on any foreign person who “assists, sponsors or provides significant financial, material, or technological support" or is determined by the president to be engaged in fundraising or recruitment activities for Hizbollah.
http://docs.house.gov/meetings/FA/FA00/20170928/106440/BILLS-115-HR3329-R000487-Amdt-056.pdf
The law also applies to helping any of a long list of Hizbollah affiliates, including Bayt Al Mal, Jihad Al Bina, the Islamic Resistance Support Association, the Foreign Relations Department of Hizbollah, the External Security Organisation of Hizbollah, Al Manar TV, Al Nour Radio, or the Lebanese Media Group.
The bill also imposes sanctions on foreign states that support Hizbollah, and targets its “narcotics trafficking and significant transnational criminal activities," and grants the US president power to target individuals or entities with the sanctions or to waive them.
The second bill addresses Hizbollah's use of civilians as human shields and permits sanctions to be imposed on foreigners that violate internationally-recognised human rights on civilians used for those, or other purposes.
Both bills cleared the committee on Thursday and will move to a full vote in the House of Representatives and thereafter - if it passes, as is expected - to the Senate.It would then fall to President Donald Trump to sign the legislation into law.
The US Congress has tried to separate its actions against Hizbollah from support and funding that the United States sends to Lebanon, estimated at $70 million in military aid since 2006. Last week, the head of the General Security Directorate in Lebanon, Abbas Ibrahim, was in Washington to discuss security and counterterrorism co-operation.
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At a glance
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Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland
UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
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While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
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Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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