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US sanctions Jammal Trust Bank in Lebanon for financial ties to Hezbollah

The United States on Thursday sanctioned Lebanon-based Jammal Trust Bank SAL and its subsidiaries for allegedly facilitating the financial activities of Hezbollah, according to the Treasury Department, which said the bank funnels money to the families of suicide bombers.
The United States is determined to cut off support in Lebanon for the group, Secretary of State Mike Pompeo said in a statement, adding that “Jammal Trust’s misconduct undermines the integrity of the Lebanese financial system.”
Since 1997, the United States has labeled Hezbollah a terrorist group, saying it threatens the peace and stability of the Middle East and is backed by Iran. Jammal Trust is a 50-year-old commercial bank with branches throughout Lebanon, according to its website.
A senior administration official told reporters in a conference call laying out the sanctions that “we do have a very good relationship with the central bank of Lebanon and we have confidence that they'll take the right action here.”
“It sends the message loud and clear that the United States is very serious about disrupting terrorist activity and will continue to take action where we believe it’s warranted,” the official said.
But the Lebanese association of banks said it regretted the decision. In a statement cited by local media, the association said the move would not affect Lebanon’s banking sector and reassured depositors their money in the bank would be fine.
Separately, the United States also sanctioned four individuals for moving money from Iran's Islamic Revolutionary Guard Corps to Hamas through Hezbollah.
Reuters
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BENEFIT Sponsors BuildHer...
- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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