US Treasury Secretary Steven Mnuchin said: "We will be relentless in identifying, exposing, and dismantling Hezbollah's financial support networks globally." EPA/MICHAEL REYNOLDS
US Treasury Secretary Steven Mnuchin said: "We will be relentless in identifying, exposing, and dismantling Hezbollah's financial support networks globally." EPA/MICHAEL REYNOLDS

Taking aim at Iran, US hits Hezbollah with new sanctions



Taking aim at Iran's global footprint, the Trump administration on Friday hit six people and seven businesses linked to Hezbollah with terror sanctions, calling it "the first wave" in a pressure campaign that will escalate throughout the year.

The sanctions aim to squeeze Hezbollah financier Adham Tabaja, who is already designated by the US as a global terrorist, by freezing out a network of companies in Lebanon, Ghana, Liberia and elsewhere. The Trump administration said companies and their executives act on Tabaja's behalf, forming "conduits" of funding for the Lebanon-based militant group.

"We will be relentless in identifying, exposing, and dismantling Hezbollah's financial support networks globally," Treasury Secretary Steven Mnuchin said.

The Trump administration has made it a top priority to undermine Iran's ability to stoke unrest and spread its influence throughout the region. Senior Trump administration officials said the US estimates Iran sends Hezbollah about $700 million per year, arguing that Hezbollah has become the Iranian government's primary tool to project its power in the Arabic-speaking world.

Formed by the Iranian Revolutionary Guard in 1982 to fight Israel's invasion of Beirut, Hezbollah has morphed into a powerful political player in Lebanon, running its own media and communication channels and providing government-like services to followers in its strongholds. The US considers Hezbollah a terrorist organisation and has hit the group with sanctions before.

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More recently, the US has grown concerned about the group's involvement in other conflicts, including in neighbouring Syria, where it has sent thousands of fighters to shore up Syrian President Bashar Assad. US officials said Hezbollah is also helping train and advise Shiite Houthi rebels in Yemen.

Trump officials said more sanctions would be coming against Hezbollah, the results of an investigation into the group that President Donald Trump ordered last summer. They said there were "dozens" more financial networks linked to Hezbollah that could be targeted.

The first wave of penalties target Al Inmaa Engineering Contracting, a company run by Tabaja and based in Hezbollah's stronghold south of Beirut. The construction company is mostly active in predominantly Shiite areas in Lebanon such as Beirut's southern suburbs and the southern market town of Nabatiyeh.

"We will no longer allow corrupt Hezbollah and other Iranian regime cronies to hide their crimes behind front companies," White House spokeswoman Sarah Huckabee Sanders said on Twitter.

The other companies named Friday are mostly based in Africa, where tens of thousands of Lebanese - many of them Shiites - have been living for decades. Most of the individuals targeted had not been publicly known to be Hezbollah financiers and are not prominent names in Lebanon.

The sanctions freeze any assets in the US and bar Americans from dealing with those being sanctioned. Although Hezbollah associates are unlikely to have significant assets in the United States, officials said the US has specific information about the banking networks used by Tabaja in Africa and elsewhere.

One official said the US was coordinating with the governments in those countries to ensure that "Tabaja has a very bad day today in terms of his finances".

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

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Stay indoors when conditions are particularly poor.

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Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

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Name: HyperSpace
 
Started: 2020
 
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Number of staff: 210 
 
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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Jigra
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Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

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Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
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Founder: Muhammad Khalid
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Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)

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