Saudi issues fresh sanctions over Hizbollah ties



Saudi Arabia said on Friday it had blacklisted four companies and three Lebanese men for having links to Lebanese Shiite militant group Hizbollah.

“The kingdom will continue its fight against the terrorist activities of the so-called Hizbollah with all available means,” the Saudi interior ministry said in a statement carried by the state news agency SPA.

It named the individuals as: Fadi Hussein Sarhan, Adel Mohammed Sheri and Ali Hussein Zuaitar.

Saudi Arabia also sanctioned Vatech Sarl, Le-Hua Electronic Field, Aero Skyone and Labico Sal Offshore.

The US treasury department last year sanctioned Beirut-based Mr Sarhan and his firm Vatech Sarl, along with Mr Sheri, of Shenzhen, China, and his firm Le-Hua Electronic Field for assisting Hizbollah.

It said they were responsible “for providing material support to enhance the group’s military and terrorist capabilities”.

Mr Sarhan purchased unmanned aerial vehicles, while Mr Sheri facilitated Hizbollah’s efforts to obtain electronics “for transport to Yemen for use in improvised explosive devices” by the country’s Houthi rebels, the treasury department said.

Saudi Arabia and its Gulf allies are staunchly opposed to Hizbollah, which is part of Lebanon’s governing coalition and also has a heavily-armed militia.

Saudi Arabia is leading a mainly Arab coalition that is seeking to restore Yemen’s internationally recognised government which was forced to flee after the Houthis took over the capital, Sanaa.

Saudi and Yemeni officials this week accused Hizbollah of assisting the Yemeni rebels.

Hizbollah is also playing a crucial role in neighbouring Syria’s civil war, fighting alongside president Bashar Al Assad’s forces against rebels who are backed Arab Gulf states.

In November, the kingdom added 12 names to a blacklist of individuals and firms allegedly linked to Hizbollah, which is backed by Riyadh’s arch regional adversary Iran.

Relations between Iran and Saudi Arabia hit a new low last month when Saudi authorities executed Saudi Shiite cleric Nimr Al Nimr, along with three other Shiites and 43 members of Al Qaeda, on terrorism charges.

Protesters then assaulted Saudi diplomatic missions in Iran, leading the kingdom to cut relations with the Islamic republic.

The kingdom last week suspended aid worth US$4 billion to Lebanese security forces after the Beirut government declined to sign up to statements condemning the attacks on the Saudi diplomatic missions.

Announcing the suspension of aid, a Saudi official said the kingdom had noticed “hostile Lebanese positions resulting from the stranglehold of Hizbollah on the state”.

On Tuesday, Saudi Arabia warned its citizens against travel to Lebanon, citing safety concerns.

Qatar and Kuwait followed with similar travel advisories, while the UAE went further, banning its nationals from travel to Lebanon and reduced diplomatic representation there.

* Agencies

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

World Sevens Series standing after Dubai

1. South Africa
2. New Zealand
3. England
4. Fiji
5. Australia
6. Samoa
7. Kenya
8. Scotland
9. France
10. Spain
11. Argentina
12. Canada
13. Wales
14. Uganda
15. United States
16. Russia

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Company%20Profile
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia