Minister El-Khatib outlines Egypt's competitive edge for investors    BNY Mellon, HSBC express optimism for Egypt's economy at BEBA mission    Sustained economic reforms drive foreign investment in Egypt – FinMin    Somalia condemns unlawful arms shipment from Ethiopia to Puntland State    Egypt's PM assures no more power cuts, highlights investment growth plans    Egypt's Foreign Minister meets with US lawmakers in Washington    Egypt chairs Khartoum Process meeting on migration, development    Egypt's El-Khatib seeks to boost renewable energy investment with UK companies    Al-Mashat, AfDB Special Envoy discuss development cooperation for Egypt    China imposes sanctions on US arms suppliers to Taiwan    Basketball Africa League Future Pros returns for 2nd season    Google wins EU legal battle over €1.5b fine    Egypt's Environment Minister outlines progress on sustainability initiatives    US examines increased Chinese uranium imports    L'Oréal Egypt Hosts 9th Annual Skin and Hair Summit, Unveils New La Roche-Posay Anti-Pigmentation Serum    Al-Sisi calls for emulating Prophet Muhammad's manners at birth anniversary celebration    Culture Minister directs opening of "Islamic Pottery Museum" to the public on 15 October    Restoration project at Edfu Temple reveals original coloured inscriptions for first time    Egypt joins Africa's FEDA    Egypt's Culture Minister seeks input from Writers Union on national strategy    Egypt awards ZeroCarbon solid waste management contract in Gharbia    Egypt, UN partner on $14-m coral reef protection project    ADB approves $93.6m for Cambodia's rural utilities    Egypt condemns Ethiopia's unilateral approach to GERD filling in letter to UNSC    Egyptian pentathletes dominate world championships in Lithuania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Egyptian Olympic athletes champion local sportswear    Egypt's FM, Kenya's PM discuss strengthening bilateral ties, shared interests    Paris Olympics opening draws record viewers    Former Egyptian Intelligence Chief El-Tohamy Dies at 77    Who leads the economic portfolios in Egypt's new Cabinet?    Egypt's President assigns Madbouly to form new government    Financial literacy becomes extremely important – EGX official    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US blacklists firms, individuals over Iran missile program
Published in Ahram Online on 24 - 03 - 2016

The US Treasury Department blacklisted two Iranian companies on Thursday for supporting Iran's ballistic missile program and also sanctioned two British businessmen it said were helping an airline used by the country's Revolutionary Guards.
The United States blacklisted Shahid Nuri Industries and Shahid Movahed Industries, cutting them off from international finance. It said they were working for Shahid Hemmat Industrial Group (SHIG), which the United States says is responsible for Iran's ballistic missile program.
A nuclear deal signed in July by Iran, the United States and other world powers left a number of differences unresolved. The Obama administration on Thursday announced the indictment of seven Iranians for a coordinated campaign of cyber attacks on dozens of US banks and a New York dam between 2011 and 2013.
Iran test-fired several ballistic missiles earlier this month. The United States and other Western nations said the tests violate a UN resolution.
Washington imposed sanctions on 11 companies and individuals for supplying Iran's ballistic missile program after a series of tests last year. The tests have stoked calls among Republicans in Congress for continued sanctions against Iran.
"We will continue to use all of our tools to counteract Iran's ballistic missile program and support for terrorism, including through sanctions," said Adam Szubin, acting undersecretary for terrorism and financial intelligence, in the Treasury statement.
The Treasury Department also blacklisted two British businessmen, Jeffrey John James Ashfield and John Edward Meadows, for running businesses that have provided support for Mahan Air, an Iranian airline. The United States has accused Mahan Air of ferrying troops, equipment and weapons to support the government of President Bashar al-Assad in Syria's civil war.
Ashfield was "directly involved" as of late 2015 in negotiating the purchase of U.S. aircraft engines for Mahan Air, the Treasury said. Meadows is the director of a company that has worked to provide aviation parts and financing to Mahan Air, the Treasury said.
Two companies in the United Arab Emirates, Grandeur General Trading FZE and HSI Trading FZE, were also blocked for supporting Mahan Air.
http://english.ahram.org.eg/News/195826.aspx


Clic here to read the story from its source.