The Treasury Department will impose a series of sanctions next week to mark the US Summit for Democracy, taking aim at those engaged in corruption, serious human rights abuses and who undermine democracy, among others, a Treasury Department representative said on Friday.
The Treasury declined to provide specifics on those facing sanctions. The plans were first reported by The Wall Street Journal.
The department will also announce proposals designed to close loopholes that allow corrupt officials to exploit the real estate market and address gaps in the corporate transparency network that allow corruption to flourish and illicit proceeds to flow into the US, the representative said.
"Treasury will take a series of actions to designate individuals who are engaged in malign activities that undermine democracy and democratic institutions around the world including corruption, repression, organised crime and serious human rights abuse," the representative said.
The gathering next week is a test of President Joe Biden's assertion, announced in his first foreign policy address in office in February, that he would return the US to global leadership to confront authoritarian forces led by China and Russia.
Rights groups question if Mr Biden's conference can push those world leaders who are invited, some accused of having authoritarian tendencies, to take meaningful action.
There are 110 participants on the State Department's invitation list for the virtual event on December 9 and 10, which aims to help stop democratic backsliding and the erosion of rights and freedoms worldwide.
The list does not include China or Russia.
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
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The specs
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Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
School uniforms report
THE BIO
Favourite book: ‘Purpose Driven Life’ by Rick Warren
Favourite travel destination: Switzerland
Hobbies: Travelling and following motivational speeches and speakers
Favourite place in UAE: Dubai Museum
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
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• Scientists estimate there could be as many as 3 million fungal species globally
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Infiniti QX80 specs
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
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Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
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Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
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The specs: 2018 Audi RS5
Price, base: Dh359,200
Engine: 2.9L twin-turbo V6
Transmission: Eight-speed automatic
Power: 450hp at 5,700rpm
Torque: 600Nm at 1,900rpm
Fuel economy, combined: 8.7L / 100km
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The specs: 2018 Range Rover Velar R-Dynamic HSE
Price, base / as tested: Dh263,235 / Dh420,000
Engine: 3.0-litre supercharged V6
Power 375hp @ 6,500rpm
Torque: 450Nm @ 3,500rpm
Transmission: Eight-speed automatic
Fuel consumption, combined: 9.4L / 100kms