US Sanctions Target 26 Entities Linked to Regime-Affiliated Qaterji Company
Qaterji company's role emerges as key axis in funding illegal Iranian activities, shifting from ISIS trade to Houthi support
November 14, 2024, 10:28 pm

US Sanctions Target 26 Entities Linked to Regime-Affiliated Qaterji Company

صهاريج القاطرجي

The US Treasury Department imposed comprehensive sanctions targeting 26 companies, individuals, and vessels linked to the regime-affiliated Qaterji corporation, for their role in generating hundreds of millions of dollars for Iran's Revolutionary Guard and the Houthis.

Treasury Under Secretary for Terrorism and Financial Intelligence Bradley Smith emphasized Tehran's increasing reliance on key business partners like Qaterji to fund its destabilizing regional activities.

The sanctions include a fleet of vessels including BARON, ROMINA, CHLOE, and others, used by the Qaterji network to transport Iranian oil to Syria and China.

Qaterji company, previously designated for facilitating fuel deals with ISIS, exports millions of oil barrels to fund the Revolutionary Guard and Houthis, who receive millions of dollars monthly.

Hussam Qaterji has led the company since Mohammed Qaterji's death in mid-2024, with managers directly meeting Quds Force leadership and Houthi financial officials.

The US sanctions require freezing all properties and interests of targeted persons and entities in the United States, while prohibiting financial transactions with them. The punitive measures include ship management and operating companies involved in Lebanon, India, Panama, and Iran, reflecting the complexity of the Syrian regime-linked financing network.

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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.”