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The UAE central bank has slapped administrative sanctions on an unidentified insurer accused of failing to meet regulatory obligations, Zawya reports. As part of the sanctions, insurance companies are prohibited from issuing additional policies to new customers for a period Read more
The US Treasury Department Tuesday sanctioned seven Lebanese tied to the powerful Hezbollah group and its financial arm, Arab News reports. The six of the seven people according to the Treasury Department were the group’s “shadow bankers,” who used the Read more
The Central Bank of UAE has slapped multiple millions of dollars sanctions on 11 banks operating in the country for facilitating money laundring, reports say. The sanctions according to the Central bank were confirmed Jan. 24 and valued at 45.8 Read more
Iran Tuesday imposed sanctions on former US President Donald Trump and his administration for human rights violation, American Adventurism and Terrorist Actions in the Region, The New Arab reports. The sanctions were issued on Tuesday evening – hours before Trump Read more
The head of the Turkey’s Defense Industries Presidency (SSB), Ismail Demir, has vowed to continue with the country’s military development regardless of the US sanctions on himself and his organization. “The development of the domestic industry will continue, perhaps even Read more
The European Union, EU, has imposed fresh sanctions on seven ministers of Syrian President Bashar al Assad’s government, Middle East Monitor (MEMO) reports. The new round of sanctions brings the total number of individuals and entities around the Syrian leader Read more
The U.S Tuesday blacklisted a Shanghai-based logistic firm over alleged accusation that the company provides services to Iran’s airliner Mahan Air which has been the US sanction list since 2011, Anadolu News agency reports. Saint Logistics Limited, which provides services Read more
Dubai-based low cost airline FlyDubai announced Monday one of its pilots who failed an alcohol test in Nepal on Sunday before he was to operate a Dubai-bound flight, will face disciplinary action. A spokeswoman for the airline said the pilot Read more
Economic sanctions still continue to be directed towards Iran because of its refusal to halt its nuclear program. In a move to bring an end to such decisions, Iran has now threatened that it will keep its oil away from Read more
As protesters and riot police clash in Tehran over the sharp falls of the country’s currency, the EU is getting ready to implement a ban on Iranian gas imports into Europe, diplomatic sources hinted. Iran’s refusal to halt its nuclear Read more