Lebanon’s banks have been banned from dealing with financial networks linked to Hezbollah, according to a report. The Hezbollah-affiliated institutions include Al-Qard Al-Hasan Association, which has been providing compensation to residents affected by the latest war with Israel. Others are Tashilat SARL, Yousser Company and Bayt al-Mal. The decision, made by Lebanon’s Central Bank, comes as Hezbollah, once a formidable militia and influential political party in Lebanon, is weakened significantly by months of conflict with Israel that destroyed much of its leadership and arsenal.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Arab states call on Security Council for immediate ceasefire in Gaza

Nine Arab countries called on Security Council to push for ceasefire in…

Israeli military intercepts rockets fired from Lebanon

The Israeli military said it successfully intercepted a number of rockets fired…

Saudi Arabia extends term for $3bn deposit for one year: SBP

Saudi Arabia has extended the term for the deposit of $3 billion…

Sweden convicts man over 2020 Quran burning

A Swedish court convicted a man of inciting ethnic hatred with a…