US congress moves closer to slapping sanctions on Hizbollah and anyone who helps them


Joyce Karam
  • English
  • Arabic

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.

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.

HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

At a glance

Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free

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.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

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.

Frustration

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.

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

COMPANY%20PROFILE
%3Cp%3ECompany%20name%3A%20CarbonSifr%3Cbr%3EStarted%3A%202022%3Cbr%3EBased%3A%20Dubai%3Cbr%3EFounders%3A%20Onur%20Elgun%2C%20Mustafa%20Bosca%20and%20Muhammed%20Yildirim%3Cbr%3ESector%3A%20Climate%20tech%3Cbr%3EInvestment%20stage%3A%20%241%20million%20raised%20in%20seed%20funding%3Cbr%3E%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

UAE currency: the story behind the money in your pockets
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)