Live updates: Follow the latest news on Israel-Gaza
Washington targeted 10 individuals linked to Hamas following the group's attack on Israel in a set of terrorism-related sanctions on Wednesday.
The sanctions aim to disrupt Hamas funding by targeting members managing a “secret Hamas investment portfolio”, as well as one financial facilitator with ties to Tehran and a Gaza-based virtual currency, the Treasury Department said.
Financial facilitators in Gaza, Sudan, Turkey, Algeria and Qatar were also targeted.
“The United States is taking swift and decisive action to target Hamas’s financiers and facilitators following its brutal and unconscionable massacre of Israeli civilians, including children,” Treasury Secretary Janet Yellen said in a statement.
Ms Yellen said the country will continue to take steps to deny Hamas the ability to raise funds by co-ordinating with Washington's allies to track and freeze any assets associated with the group, which the US has designated a terrorist organisation.
“The US Treasury has a long history of effectively disrupting terror finance and we will not hesitate to use our tools against Hamas,” she said.
A Gaza-based virtual currency exchange business, Buy Cash Money and Money Transfer Company, is alleged to be involved in Hamas fund-raising and used to transfer funds to other terrorist groups. Israel seized a wallet belonging to Buy Cash in June 2021.
Hamas relies on cryptocurrency to evade other US sanctions.
A bipartisan group of 102 lawmakers on Tuesday had urged the Treasury Department and National Security Advisor Jake Sullivan on steps the Biden administration was talking to address Hamas's access to cryptocurrencies.
“Congress and this administration must take strong action to thoroughly address crypto illicit finance risks before it can be used to finance another tragedy,” the lawmakers wrote.
Two senior Hamas operatives were targeted, including Muhammad Ahmad ‘Abd Al-Dayim Nasrallah, who the US describes as a “longtime Hamas operative based in Qatar with close ties to Iranian elements”. Mr Nasrallah has allegedly been involved in transferring tens of millions of dollars to Hamas and its military wing.
Six people linked to the Hamas investment portfolio were sanctioned. One of them, Abdelbasit Hamza Elhassan Mohamed Khair, had previously been involved in transferring nearly $20 million to Hamas.
Washington's sanctions come as President Joe Biden visits Israel to demonstrate US support for the country.
Air Force One landed at Ben Gurion Airport on Wednesday morning, where Mr Biden was pictured embracing officials hours after more than 500 people were killed in a missile strike at Gaza's Al Ahli Arab hospital.
Hamas and Arab countries have blamed Israel, which has denied responsibility. Mr Biden said the strike appeared to have been done by “the other team”, pointing to data given to him by the Defence Department.
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
RESULTS
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How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
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In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
It
Director: Andres Muschietti
Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor
Three stars
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
Kandahar%20
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Wonka
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Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
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
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Zayed Sustainability Prize
The details
Colette
Director: Wash Westmoreland
Starring: Keira Knightley, Dominic West
Our take: 3/5
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
WHAT IS GRAPHENE?
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were experimenting with sticky tape and graphite, the material used as lead in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But when they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment led to graphene being isolated for the very first time.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics.
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
