Iranians set up new companies in Turkey to evade US sanctions

Turkey's President Recep Tayyip Erdogan, left, gestures as he talks to Iran's President Hassan Rouhani during their meeting at the sidelines of the Kuala Lumpur Summit in Kuala Lumpur, Malaysia, on Dec. 19, 2019. (Presidential Press Service via AP, Pool)
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Updated 22 December 2019
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Iranians set up new companies in Turkey to evade US sanctions

  • 800 businesses flee in first 10 months of 2019 as Trump penalties cripple economy

JEDDAH: Hundreds of Iranians have set up new businesses in Turkey to evade crippling US economic sanctions.

More Iranians than any other nationality registered foreign companies in Turkey in the first 10 months of this year, according to new data from the Union of Chambers and Commodity Exchanges of Turkey.

Out of 10,682 opened from January to October, more than 800 were registered by Iranian citizens — 49 publicly listed and 772 private limited companies,

 

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“A significant number were set up to bypass US sanctions,” a leading Turkish economist told Arab News. “In that period, 821 Iranian companies were established with a total capital of only 116 million Turkish lira ($19.5 million), an insignificant sum to establish a company under normal conditions.”

 

The new companies are mostly in the wholesale and retail sectors, and 677 were established in Istanbul. The others were set up in the capital, Ankara, the Mediterranean resort city of Antalya, the northwestern industrial hub of Bursa, the Aegean port city of Izmir, the eastern city of Van bordering Iran, and the southern port city of Mersin.


ALSO READ: New Trump sanctions target Turkish economy and military
 


“When they establish companies in Turkey, they have the chance to get around the problems they face in money transfers through European and US banks, especially if the amount is more than $10,000,” the economist said.

International sanctions on Iran were eased in 2015 under the Joint Comprehensive Plan of Action (JCPOA), the agreement with world powers to curb Tehran’s nuclear program. However, US President Donald Trump withdrew from the JCPOA in May 2018, and has gradually reimposed sanctions that have crippled the Iranian economy.

Turkish President Recep Tayyip Erdogan opposes the US sanctions, and wants to triple Turkey’s annual trade with Iran to $30 billion. The two countries’ central banks formally agreed in October 2019 to trade in their local currencies.

Foreign Minister Mevlut Cavusoglu said in April that Turkey was looking for new trade mechanisms with Iran, such as INSTEX (the Instrument in Support of Trade Exchanges), the system proposed by European countries to bypass US sanctions with non-dollar trade.

 


Al-Azhar Al-Sharif condemns terrorist crimes against civilians in Gaza

Updated 1 min 11 sec ago
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Al-Azhar Al-Sharif condemns terrorist crimes against civilians in Gaza

  • Al-Azhar Al-Sharif reiterated the need for the international community to assume its responsibilities and put a stop to the ‘frenzied aggression against the people of Gaza’
  • Al-Azhar said that the bodies of hundreds of Palestinians, including patients, had been uncovered in mass graves at the Nasser Medical Complex in Khan Younis

CAIRO: Al-Azhar Al-Sharif — Sunni Islam’s oldest and foremost seat of learning — has strongly condemned “the terrorist crimes being committed against civilians in the Gaza Strip.”

In a statement, Al-Azhar censured the attacks, “the hideousness of which was revealed through the widespread reports about mass graves of hundreds of bodies of children, women, the elderly, and medical personnel in the vicinity of the Nasser and Al-Shifa Medical Complexes.

“Also, dozens of bodies were found “scattered” in shelter and displacement centers and tents, and residential neighborhoods throughout the Strip.”

Al-Azhar said that it affirmed to the world that “these mass graves are the definitive proof that these hideous atrocities and horrors have become normal daily behavior for Israel.”

It said that the people of the world must unite to protest in a way that deterred the regimes supporting these crimes. 

Al-Azhar demanded an urgent international trial against “the ‎terrorist occupation government, which no longer ‎knows the meaning of humanity or the right to life and is ‎committing genocides every day.”

It reiterated the need for the international community to assume its responsibilities, stop the “frenzied aggression against the people of Gaza and the consequent suffering and unprecedented humanitarian disasters, and ensure the protection of civilians and the delivery of sufficient and sustainable humanitarian aid to all parts of the Gaza Strip.”

Al-Azhar expressed its “sincere condolences and sympathy to ‎the Palestinian people and the families of the martyrs, calling ‎on the Lord Almighty to shower them with His vast mercy and ‎forgiveness, to reassure the hearts of their families and loved ‎ones, and to speed up the recovery of the sick.”

Citing media reports, Al-Azhar said that the bodies of hundreds of Palestinians, including patients, had been uncovered in mass graves at the Nasser Medical Complex in Khan Younis since Saturday.


New UK sanctions target Iranian drone industry

Photographers stand by the remains of a missile that landed on the shore of the Dead Sea.
Updated 25 April 2024
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New UK sanctions target Iranian drone industry

  • The measures, taken in co-ordination with the US and Canada, target four businesses and two directors at a network of drone companies

LONDON: Britain on Thursday announced new sanctions targeting Iran’s military drone industry, in response to Iran’s drone and missile attack on Israel earlier this month.
The measures, taken in co-ordination with the US and Canada, target four businesses and two directors at a network of drone companies with the aim of limiting Iran’s ability to launch drones.
“The Iranian regime’s dangerous attack on Israel risked thousands of civilian casualties and wider escalation in the region,” British Foreign Secretary David Cameron said in a statement.
“Today the UK and our partners have sent a clear message – we will hold those responsible for Iran’s destabilising behavior to account.”
Britain also said it would introduce new bans on the export of drone and missile components to Iran, seeking to limit its military capabilities.
Last week, Britain imposed sanctions on Iranian military figures and organizations, in another coordinated move with the United States, following Iran’s action against Israel.
Iran launched drones and fired missiles at Israel on April 13 as a retaliatory strike for the attack on its embassy compound in Damascus two weeks prior, raising the risk of further escalation in conflict in the Middle East. 


Egypt, Dutch leaders discuss Gaza ceasefire efforts

Updated 25 April 2024
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Egypt, Dutch leaders discuss Gaza ceasefire efforts

  • Rafah assault ‘will have catastrophic consequences on regional peace and security,’ El-Sisi warns
  • Egypt’s president and the Dutch prime minister agreed on the urgency of working toward reaching a ceasefire

CAIRO: Egypt’s President Abdel Fattah El-Sisi has discussed efforts to reach a ceasefire in Gaza with Mark Rutte, prime minister of the Netherlands.

During a phone call from Rutte on Thursday, the Egyptian leader warned that any Israeli assault on Rafah will have “catastrophic consequences” for the humanitarian situation in the enclave.

The leaders discussed bilateral relations, and ways to enhance cooperation across various political and economic levels consistent with the current momentum in Egyptian-European relations.

Ahmed Fahmy, presidential spokesman, said the call also focused on the situation in Gaza, and Egypt’s efforts to restore regional stability by reaching a ceasefire and providing access to humanitarian aid.

El-Sisi reiterated the crucial importance of ending the war, warning against any military operations in the Palestinian city of Rafah, which will have catastrophic consequences on the humanitarian situation in the strip and on regional peace and security.

The Egyptian leader underscored the need for the international community to assume its responsibilities to implement the relevant UN resolutions.

Egypt’s president and the Dutch prime minister agreed on the urgency of working toward reaching a ceasefire, and ensuring the flow of adequate humanitarian aid to all areas of the Gaza Strip in order to protect it from a humanitarian catastrophe.

They also emphasized the need to move toward implementing the two-state solution, which would restore regional stability, and establish security and peace in the region.

In March, El-Sisi received Rutte to discuss bilateral relations, regional developments, and Egypt’s efforts to reach a ceasefire and offer humanitarian assistance in Gaza.


Lebanon postpones local elections again as violence rocks south

Updated 25 April 2024
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Lebanon postpones local elections again as violence rocks south

  • Lebanon is supposed to hold municipal elections every six years
  • Parliament approved “extending the existing municipal and elective councils’ mandate until a date no later than May 31, 2025,” despite objections from lawmakers opposed to Hezbollah

BEIRUT: Lebanon’s parliament on Thursday delayed municipal elections for a third time in two years, state media reported, as militants in the country’s south exchanged near-daily fire with Israel for over six months.
The powerful Iran-backed Hezbollah group has been trading fire with Israeli forces across the border since the day after its Palestinian ally Hamas carried out a deadly attack on Israel on October 7, triggering the ongoing war in the Gaza Strip.
Lebanon is supposed to hold municipal elections every six years, but cash-strapped authorities last held a local ballot in 2016.
Parliament approved “extending the existing municipal and elective councils’ mandate until a date no later than May 31, 2025,” despite objections from lawmakers opposed to Hezbollah, said the official National News Agency.
The bill cited “complex security, military and political circumstances following the Israeli aggression on Lebanon” and especially its south, near the border, as reasons for the delay.
Lawmakers did not set a new date for the elections, initially scheduled for 2022.
Local councils help provide basic services to residents, but their role has declined as state coffers ran dry after Lebanon’s economy collapsed in late 2019.
Parliament Speaker Nabih Berri had previously said southern Lebanon could not be excluded from any upcoming ballot, after the Christian Lebanese Forces, the main party opposing Hezbollah, insisted on holding the polls on time.
More than 92,000 people have been displaced from their homes in Lebanon due to the violence, as have tens of thousands of residents of Israeli communities across the border.
Since violence began along the Israeli border on October 8, at least 380 people have been killed in Lebanon, including 72 civilians, according to an AFP tally.
Israel says 11 soldiers and eight civilians have been killed on its side of the border.
In April 2023, the Lebanese parliament had already postponed municipal elections as the deputy speaker warned holding them was “almost impossible” for the cash-strapped country after years of economic meltdown.
Lebanon has faced the prolonged financial crisis and months of border clashes essentially leaderless, without a president and headed by a caretaker government with limited powers amid deadlock between entrenched political barons.


Palestinian officials say Israeli forces kill teen in West Bank

Updated 25 April 2024
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Palestinian officials say Israeli forces kill teen in West Bank

  • Israeli police said “hits were identified” when forces responded to stone-throwing with gunfire
  • The Palestinian health ministry said Khaled Raed Arouq was shot in the chest and “martyred by the occupation’s live bullets“

RAMALLAH, Palestinian Territories: Palestinian officials said Israeli forces killed a 16-year-old boy during a raid in the West Bank city of Ramallah early on Thursday.
Israeli police said “hits were identified” when forces responded to stone-throwing with gunfire but did not directly address the allegation.
The Palestinian health ministry said Khaled Raed Arouq was shot in the chest and “martyred by the occupation’s live bullets.”
Palestinian official news agency Wafa said Arouq died after being “shot by Israeli gunfire” early on Thursday morning.
Israeli forces carry out regular raids on towns and cities in the occupied West Bank and violence has soared in the Palestinian territory since the war in Gaza broke out on October 7.
Wafa said Israeli military vehicles stormed the city and “confrontations broke out between citizens and the occupation forces, who fired live bullets and stun grenades.”
It said Israeli forces were stationed in several neighborhoods and raided a house in Al-Bireh to the northeast.
Israeli police said: “Terrorists threw stones at the forces operating in the area, the forces responded with gunfire, and hits were identified.”
The police said they made several arrests and that Israeli forces did not suffer any casualties.
The army did not immediately respond to AFP’s request for comment.
Later on, Thursday, mourners carried Arouq’s body wrapped in the flag of Fatah, the political party of Palestinian president Mahmud Abbas, in his hometown of Jenin where he was buried.
“He was hit by a bullet in his back, which exited through his chest...They assassinated him in cold blood,” Majed Arqawi, cousin of Arouq, told AFP.
Wafa said Arouq’s father was an officer in the Palestinian military intelligence service.
Israel has occupied the West Bank since 1967 and at least 488 Palestinians have been killed by Israeli troops or settlers there since October 7, according to Palestinian officials.
At least 19 Israelis have been killed in attacks by Palestinians in the same period, according to official Israeli figures.