US imposes sanctions on Iran’s Quds Force and Hezbollah
“Hezbollah, who control the Lebanese Energy Ministry, recently took advantage of Lebanon’s energy problems to secure preferential access to the Lebanese market for their masters in Tehran.”
May 28, 2022, 7:46 am

US imposes sanctions on Iran’s Quds Force and Hezbollah

USA-New York-Flag of USA-Manhattan/Pixabay

The Arabnews reported, the US has designated a network run by the Islamic Revolutionary Guard Corps Quds Force an “international oil smuggling and money laundering network.”

A US Treasury Department report on Wednesday said that officials had facilitated the sale of hundreds of millions of dollars worth of Iranian oil for both the IRGC-QF and Hezbollah.

It acted as a critical element of Iran’s oil revenue generation, and supported proxy militant groups that continued to “perpetuate conflict and suffering throughout the region.”

The department’s undersecretary for terrorism and financial intelligence, Brian Nelson, said the US would continue to strictly enforce sanctions on Iran’s illicit oil trade.

Supporters of Lebanon's Hezbollah leader Sayyed Hassan Nasrallah carry flags while riding in a convoy in Nabatiyeh, southern Lebanon. (File/Reuters)

He added that similar sanctions could apply to anyone purchasing oil from Iran.

Ruwan Al-Rejoleh, a MENA expert and consultant based in Washington, called the sanctions an “important step.”

She said: “Assisted by Hezbollah, this oil network has been allowed to operate freely for too long. This is an important step, but the administration must keep pushing Hezbollah and its allies to the margins."

US sanctions Lebanese businessman and his companies due to Hezbollah links

“Hezbollah, who control the Lebanese Energy Ministry, recently took advantage of Lebanon’s energy problems to secure preferential access to the Lebanese market for their masters in Tehran.”

She said Sonatrach, a state-owned Algerian company, had been responsible for sending fuel oil to Lebanon and that its exit had “exacerbated the country’s already crippling” energy problems.

Concerns grow over possible removal of Iran’s Revolutionary Guard from US terror list

She added that Ghada Aoun, Mount Lebanon’s state prosecutor, launched politically motivated proceedings against Sonatrach, which caused the Algerians to leave.

“Hezbollah used this chaos to secure access for Iran to Beirut’s energy market.”

Source: arabnews

Boris Johnson calls on West to send heavier weapons for Ukraine Nigeria issues prevention measures to curb possible spread of monkeypox

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
This strategic sponsorship reflects BENEFIT’s active role in advancing technological innovation and fostering sustainable solutions to future challenges. It also seeks to empower Bahraini youth by enhancing their skills, capabilities, and competitiveness in innovation and solution development—contributing meaningfully to the broader goals of sustainable development across all sectors.
As part of BENEFIT’s active involvement in the competition, the company has announced that Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication, will serve on the competition’s supervisory committee. Her upcoming participation reflects BENEFIT’s forward-looking commitment to championing academic and professional excellence.
Commenting on the occasion, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at BENEFIT, said, “We are privileged to support this pioneering initiative, which aligns seamlessly with BENEFIT’s enduring commitment to fostering innovation and nurturing the potential of Bahrain’s youth. Our participation is rooted in a deep sense of social responsibility and a firm belief in the pivotal role of innovation in shaping a sustainable future. Through such platforms, we seek to empower the next generation with the knowledge, skills, and foresight required to develop impactful solutions that address future challenges, in line with the United Nations Sustainable Development Goals 2030.”
Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
Attendees will have the opportunity to view a series of project presentations submitted by participants, covering diverse areas such as eco-friendly product design, smart and sustainable innovations, renewable energy technologies, water conservation and management, waste minimisation and recycling, green architectural solutions, and sustainable transportation systems. Outstanding projects will be formally recognised and awarded at the conclusion of the event.