Merhi Abou Merhi, a Lebanese business tycoon and former board member of IBL Bank, has not been acquitted by federal prosecutors, sources at the United States Department of Justice and…
Tag:
sanctions
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Last month the United States Treasury Department singled out local company Stars Group Holding for alleged ties to Hezbollah, adding the company, several subsidiaries and associated individuals to its ‘specially…
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Unlawful. Such was the UK Supreme Court’s verdict on sanctions against Iran’s Bank Mellat this June. And by ruling the UK Treasury’s actions illegal, the court hinted at a deep…
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Economics and Policy The United States has unveiled aggressive new sanctions against Iran, directly targeting the rial currency for the first time and also the auto sector, a key source…
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On April 22, the European Union lifted its embargo on Syria’s oil exports to enable the purchase of crude oil from the opposition. The diplomatic move also permitted the sale…
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After the latest round of talks over Iran’s nuclear program this month, Europe’s foreign policy chief Catherine Ashton struck a cautious tone. “For the first time that I’ve seen, [there…
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The death last month of Manouchehr Esmaili-Liousi, a 15-year-old boy suffering from hemophilia, has been reported in the Iranian media as the first fatality caused by the latest financial sanctions…
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After months of denial that this year’s new United States and European Union sanctions were having any effect, Iran’s leaders have changed their tune and are acknowledging that moves to…
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Press reports that the Syrian government is printing money in Russia to pay civil servants salaries and to close its budget deficit have raised serious concerns. Two issues — one…
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Lebanese banks with operations in Syria are caught between the proverbial rock and a hard place. The uprising that kicked off last spring has forced banks into survival mode as…
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