Lebanon Credit Bank chairman arrested on charges of forgery and embezzlement
Lebanon's banking system has essentially collapsed as part of a broader economic crisis that began in 2019. The crisis has been marked by a severe devaluation of the Lebanese pound, bank restrictions on withdrawals, and widespread economic hardship.
El Nashra
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Nahar Net
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- Nahar Net
1 killed, 5 wounded in 3 Israeli drone strikes in south Lebanon
One person was killed and five people were wounded in three Israeli drone strikes in Lebanon's south on Saturday, the Health Ministry said. A strike on a car in Bint Jbeil "killed one person and wounded two others," the ministry said in a statement carried by the official National News Agency (NNA), noting the toll was provisional. A few hours later a similar strike on a car severely wounded two people in the nearby town of Shaqra. Earlier Saturday, the ministry reported that a separate Israeli drone strike wounded one person in Shebaa, elsewhere in the south, with the NNA saying that raid targeted a house. Israel has kept up its bombardment of Lebanon since a November 27 ceasefire that sought to end more than a year of hostilities with Hezbollah including two months of all-out war that left the Iran-backed group severely weakened. On Thursday, an Israeli strike on a vehicle in Khalde, at the southern entrance of Beirut, killed one man and wounded three other people, as the Israeli army said it hit an operative working for Iran. Under the ceasefire deal, Hezbollah was to pull its fighters back north of the Litani river, about 30 kilometers (20 miles) from the Israeli border, leaving the Lebanese army and United Nations peacekeepers as the only armed parties in the region. Israel was required to fully withdraw its troops from the country, but has kept them in five locations in south Lebanon that it deems strategic. Israel has warned that it would keep striking Lebanon until Hezbollah has been disarmed.
Ya Libnan
15 hours ago
- Ya Libnan
Israeli airstrike in Khaldeh south Lebanon targeted Qassem Al-Hussseini an operative working for Iran's Quds Force
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Ya Libnan
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US imposes fresh sanctions targeting Iran oil trade, Hezbollah
Al-Qard al-Hasan is considered one of the most prominent economic pillars of Hezbollah. It is managed outside the Lebanese economic banking system and is not subject to the Lebanese 'cash and credit' law. By Timothy Gardner and Brendan O'Brien Summary WASHINGTON-The U.S. imposed sanctions on Thursday against a network that smuggles Iranian oil disguised as Iraqi oil, and on a Hezbollah-controlled financial institution, the Treasury Department said. A network of companies run by Iraqi-British national Salim Ahmed Said has been buying and shipping billions of dollars worth of Iranian oil disguised as, or blended with, Iraqi oil since at least 2020, the department said. 'Treasury will continue to target Tehran's revenue sources and intensify economic pressure to disrupt the regime's access to the financial resources that fuel its destabilizing activities,' Treasury Secretary Scott Bessent said. The U.S. has imposed waves of sanctions on Iran's oil exports over its nuclear program and funding of militant groups across the Middle East. Reuters reported late last year that a fuel oil smuggling network that generates at least $1 billion a year for Iran and its proxies has flourished in Iraq since 2022. Thursday's sanctions came after the U.S. carried out strikes on June 22 on three Iranian nuclear sites, including its most deeply buried enrichment plant Fordow. The Pentagon said on Wednesday the strikes had degraded Iran's nuclear program by up to two years , despite a far more cautious initial assessment that had leaked to the public. The U.S. and Iran are expected to hold talks about its nuclear program next week in Oslo, Axios reported. Said's companies and vessels blend Iranian oil with Iraqi oil, which is then sold to Western buyers via Iraq or the United Arab Emirates as purely Iraqi oil using forged documentation to avoid sanctions, Treasury said. Said controls UAE-based company VS Tankers though he avoids formal association with it, Treasury said. Formerly known as Al-Iraqia Shipping Services & Oil Trading (AISSOT), VS Tankers has smuggled oil for the benefit of the Iranian government and the Islamic Revolutionary Guard Corps, which is designated by Washington as a terrorist organization, it said. The sanctions block U.S. assets of those designated and prevent Americans from doing business with them. VS Tankers did not immediately respond to a request for comment. Iran's mission in New York did not immediately respond to a request for comment. The U.S. also sanctioned several vessels that are accused of engaging in the covert delivery of Iranian oil, intensifying pressure on Iran's 'shadow fleet,' it said. The Treasury Department also issued sanctions against several senior officials and one entity associated with the Hezbollah-controlled financial institution Al-Qard Al-Hassan. (Reuters)
