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Iran ratifies law to join UN convention against terror financing

Iran ratifies law to join UN convention against terror financing
Iran was returned to the FATF blacklist of non-cooperative countries in 2020, which includes North Korea and Myanmar. (FILE/AFP)
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Updated 1 min ago

Iran ratifies law to join UN convention against terror financing

Iran ratifies law to join UN convention against terror financing
  • Iran ratified a law joining a United Nations convention against terror financing, local media reported Wednesday
  • It hopes it will lead to access to global banking, an easing of trade and relieving pressure on its sanctions-hit economy

TEHRAN: Iran ratified a law joining a United Nations convention against terror financing, local media reported Wednesday, in hopes it will lead to access to global banking, an easing of trade and relieving pressure on its sanctions-hit economy.
Iranian President Masoud Pezeshkian was elected last year on a promise to ease relations with the West and secure the lifting of sanctions that are hurting the economy.
His administration is trying to bring the country into line with the demands of the Financial Action Task Force (FATF), which monitors money laundering and terrorist financing.
Tehran has for years provided support to the Palestinian Hamas militant group, Lebanon’s Hezbollah group, and Yemen’s Houthis — all designated as “terrorist” groups by the United States, along with Iran’s Islamic Revolutionary Guard Corps (IRGC).
Iran was returned to the FATF blacklist of non-cooperative countries in 2020, which includes North Korea and Myanmar.
Along with heavy international sanctions, particularly by the United States, Iran’s inclusion on the blacklist has isolated the country’s financial sector and severely restricted its access to the international banking system.
“President Masoud Pezeshkian has promulgated... the law on the Islamic Republic of Iran’s accession to the International Convention for the Suppression of the Financing of Terrorism (CFT),” Tasnim news agency said on Wednesday.
It is unclear what the immediate economic impact would be if it were removed from the FATF.
Iranian lawmaker Mahdi Shariari said earlier this month that Iran’s non-membership in the FATF and CFT had “created difficulties” in trade, including with key allies Russia and China, according to the pro-labor news agency ILNA.
Reformists and moderates in Tehran view compliance with FATF standards as a vital step toward reconnecting with the international banking system and stabilising the economy.
However, international sanctions remain the primary obstacle to Iran’s global financial and trade activities.
Joining the treaty has been the subject of a heated debate in recent weeks, with ultra-conservatives arguing it could grant “enemy” countries access to sensitive economic and military information, particularly related to Iran’s support of regional militant groups.
Others argue that it will have the effect of stopping Iranian support for the Lebanese Hezbollah and the Palestinian Hamas, two movements classified as “terrorist” by the United States.
Local media reported on Tuesday that an Iranian representative attended an FATF meeting in Paris for the first time in six years.


The first EU-Egypt summit is to focus on economic ties, migration and Gaza

The first EU-Egypt summit is to focus on economic ties, migration and Gaza
Updated 2 min 30 sec ago

The first EU-Egypt summit is to focus on economic ties, migration and Gaza

The first EU-Egypt summit is to focus on economic ties, migration and Gaza
  • Egyptian President Abdel-Fattah El-Sisi and European Commission President Ursula von der Leyen, and European Council President AntĂłnio Costa are slated to discuss at the EU-Egypt Summit security

BRUSSELS: Egypt and the European Union will hold their first bilateral talks Wednesday in Brussels where leaders will discuss security, trade and migration as well as stability in Gaza.
Egyptian President Abdel-Fattah El-Sisi, European Commission President Ursula von der Leyen and European Council President António Costa are expected to announce increased European economic assistance to Egypt and Egypt’s admission to the EU’s Horizons research incubation program.
The summit comes as the 27-nation bloc has sought to forge new trade and security deals amidst geopolitical tumult sparked by the combative policies of US President Donald Trump and export controls from Chinese President Xi Jinping.
Part of its approach is a so-called Pact for the Mediterranean in which the EU seeks deeper integration with countries from Morocco to Turkiye, including offering European aid in exchange for efforts to slow migration to Europe.
Egypt is weathering soaring inflation, as well as instability from the still-smoldering war in neighboring Gaza.
El-Sisi told Costa and other world leaders last week that Trump’sMideast proposal represents the “last chance” for peace in the region and reiterated his call for a two-state solution, saying Palestinians have the right to an independent state.
The EU is Egypt’s largest trading partner. During the signing of a joint declaration last year, Brussels announced a 7.4 billion euros ($8.6 billion) aid package for cash-strapped Egypt in the form of loans, investment and support for specific programs like migration.
The deal injected much-needed funds into the Egyptian economy, which has been hit hard by years of government austerity, the coronavirus pandemic, the fallout from Russia’s full-scale invasion of Ukraine and most recently, the Israel-Hamas war in Gaza. Houthi attacks on shipping routes in the Red Sea have also slashed Suez Canal revenues, which is a major source for foreign currency, by forcing traffic away from the canal and around the tip of Africa.
Both Brussels and Cairo have serious concerns over migration.
Arrivals of asylum-seekers and other migrants fleeing conflict and poverty in the Middle East and Africa for Europe over the past decade helped fuel rising far-right populism and led to stricter border controls that have drawn heavy criticism from human rights groups.
El-Sisi should press the EU to do more for Gaza, said Eve Geddie, director of Amnesty International’s European Institutions Office. At the same time, Von der Leyen and Costa should press the former military leader to stop “rampant arbitrary detentions, unfair trials and harsh prison sentences of critics,” she said.
Egypt faces its own migration pressures. While in recent years it has become a point of transit for those attempting the dangerous Mediterranean Sea crossing to Europe, Egypt has for decades been a refuge for migrants from sub-Saharan Africa trying to escape armed conflict and crippling poverty.
Egypt, whose population is 116 million, says there are 9 million migrants in the country, including about 900,000 who are registered refugees and asylum-seekers with the UN refugee agency.
El-Sisi is also expected to meet King Philippe I of Belgium during his visit.


Emaar founder Alabbar not inclined to take on Gaza rebuild work

Emaar founder Alabbar not inclined to take on Gaza rebuild work
Updated 36 min 6 sec ago

Emaar founder Alabbar not inclined to take on Gaza rebuild work

Emaar founder Alabbar not inclined to take on Gaza rebuild work
  • Mohammed Alabbar says rebuilding should be done by those responsible for the destruction

ABU DHABI: Dubai real estate developer Emaar has not been approached for any post-war Gaza reconstruction work and would not be inclined to do any, said its founder and chairman Mohammed Alabbar.
While US President Donald Trump has envisaged the creation of a new Riviera in Gaza, Alabbar said on Wednesday rebuilding should be done by those responsible for the destruction. “It’s my philosophy ... that everybody should clean up his garbage,” he told the Reuters NEXT Gulf Summit in Abu Dhabi.
“I’m very focused on making money for my shareholders,” he added.
Emaar, a building block of Dubai’s expansion into a global economic player in recent decades and developer of the world’s tallest building, is involved in projects worldwide.
Its Marassi Red Sea tourism development in Egypt alongside Saudi and local investors will involve investment of $17 billion, Alabbar said.
Emaar is also looking at possible new projects in India and China. “Their evolution of economic development in India is quite good. China is also, you know, still suffering with their housing problem but you know they’ll come up with it,” he said.
Meanwhile, the US housing shortage is “a disaster” that should be a focus for Trump, he said, urging states and major companies to work together on the problem.
“You can talk about autonomous cars, investment in, you know, data centers. Thank you so much. We want to have a house,” Alabbar added.


Nearly a year after truce, women in south Lebanon say war never ended

Nearly a year after truce, women in south Lebanon say war never ended
Updated 37 min 3 sec ago

Nearly a year after truce, women in south Lebanon say war never ended

Nearly a year after truce, women in south Lebanon say war never ended
  • While rockets are no longer launched from Lebanon, Israel has kept up strikes and troops occupying hilltops in Lebanon still flatten homes, according to residents, Lebanese officials and rights organizations
  • Hezbollah denies that it is seeking to reconstitute its military force in south Lebanon and says Israel is striking the area to deliberately keep civilians from ever returning home

TYRE: Nearly a year after a truce was meant to bring calm to Lebanon’s border with Israel, tens of thousands of people have not yet returned to ruined towns in the south, kept away by deadly Israeli strikes and slim prospects of rebuilding.
Among them, 50-year-old farmer Zeinab Mehdi, who fled her home in the border town of Naqoura last year when the war between Israel and the Lebanese armed group Hezbollah intensified, joining more than a million people fleeing the south’s hilly villages.
Mehdi, like many of those who left, placed her hopes in a US-brokered ceasefire agreed on November 26, 2024 that ordered hostilities to stop “to enable civilians on both sides of (the border) to return safely to their lands and homes.”

TRUCE DID NOT END ISRAELI STRIKES
But while rockets are no longer launched from Lebanon, Israel has kept up strikes and troops occupying hilltops in Lebanon still flatten homes, according to residents, Lebanese officials and rights organizations.
Israel says its post-truce strikes target Hezbollah’s efforts to re-establish military posts or train new fighters, accusing the group last week of hiding “terrorist activity under civilian disguise in Lebanon.” Israel said in February that it needed to keep forces in Lebanon “to defend Israeli citizens” before territory is fully handed over to Lebanese troops.
Hezbollah denies that it is seeking to reconstitute its military force in south Lebanon and says Israel is striking the area to deliberately keep civilians from ever returning home.
“Whatever house was still standing or land was still in good shape, they razed,” said Mehdi, who now works on a farming project funded by the UN Women’s agency in the coastal city of Tyre. “They pulled water pumps out from the ground and destroyed them. All the irrigation I had in the ground is broken. I have nothing.”
IMAGES SHOW POST-TRUCE DESTRUCTION
Mona Yacoubian, a senior adviser at the Center for Strategic and International Studies, described the pace of strikes as Lebanon’s “new normal.” Observers have worried that it offers a preview of how this month’s fragile ceasefire in Gaza could play out: steady strikes without full-blown war.
On October 11, Israeli strikes in southern Lebanon hit construction yards approximately 40 km (25 miles) from the border, destroying more than 300 vehicles including bulldozers and excavators.
The Israeli military said it had struck “engineering machinery used to re-establish terrorist infrastructure.” Lebanon’s President Joseph Aoun said it hit civilian facilities.
Public Works Studio, a Lebanese research organization, said there had been dozens of deadly attacks on people attempting to return home and using excavators to clear the rubble of their homes or filling water tanks on their rooftops.
Reuters reviewed satellite imagery of Naqoura provided by Planet Labs showing the town on January 19, approximately two months after the ceasefire came into force, and on September 14.
Reuters counted at least two dozen structures in Naqoura in the January image that appeared to have been destroyed by September, when the image showed grayish-white marks where the structures once stood. Given the buildings were intact in January, this indicated the buildings were destroyed in strikes, rather than in rebuilding efforts.
Asked about the images showing destruction in Naqoura and in another village, Houla, the Israeli military said it conducted precise operations against Hezbollah.
“The two mentioned villages contained numerous terrorist infrastructures belonging to the Hezbollah terrorist organization — located inside civilian buildings, underground, and within dense agricultural terrain,” the military said in a statement to Reuters.
’STILL LIVING IN A WAR’
More than 64,000 people remain displaced in Lebanon, including nearly 1,000 who fled areas this month where Israel carried out strikes, the International Organization for Migration says.
Some still live in schools in Tyre.
Mounifa Aidibeh, 47, transformed her catering business into a community kitchen when Israel sharply escalated its strikes on September 23, 2024, aiming to break Hezbollah and beginning what Lebanese call the “66-day war.”
Aidibeh’s Mhanna community kitchen, also supported by the UN Women’s agency, uses the harvest from Mehdi’s farming to make 1,350 meals daily for the displaced in the schools.
“We thought when the 66-day war is done, we’d of course stop. We didn’t expect people wouldn’t go back to their homes,” Aidibeh said as cooks, also displaced, tended to vats of simmering onions.
Persistent displacement is just one sign hostilities never concluded. Aidibeh pointed to a recent strike in the town of Bint Jbeil that killed children, Israel’s warnings to stay away from southern villages and the daily buzz of Israeli drones overhead.
“The war never ended for it to come back – we’re still living in a war,” she said. “The war will end when Israel leaves Lebanon. When it totally leaves Lebanon. When there’s no drone in the sky, when (Israel) doesn’t hit a house every day.”
Israel said in August that it would be willing to reduce its troop presence in Lebanon if the Lebanese army takes steps to disarm Hezbollah.

STILL NO MAJOR RECONSTRUCTION
The World Bank estimates Lebanon needs $11 billion to rebuild homes and infrastructure destroyed in the war. But major reconstruction efforts have yet to begin, with some countries conditioning recovery funds on progress to disarm Hezbollah.
Bidaya Sleiman, 41, was elected to Houla’s municipal council this year but cannot live in the border town since an Israeli strike destroyed her home last year.
She visits weekly to support the township’s modest efforts to revive public services.
“Through meeting up with people and listening to their complaints, I say the war is still ongoing and the pain of war is continuing,” she told Reuters.
Israeli strikes hit Houla this month, and satellite imagery from Planet Labs dated September 24 showed widespread new damage in the town compared to a February image. With winter approaching, Sleiman said needs for shelter will grow — but first, residents want attacks to stop.
“The first thing people want is security. Because whatever we can offer these people, or whatever the state or authorities offer in compensation – if there’s no security then there’s something missing,” she said.


US Vice President Vance says ‘tough task’ ahead in disarming Hamas

US Vice President Vance says ‘tough task’ ahead in disarming Hamas
Updated 22 October 2025

US Vice President Vance says ‘tough task’ ahead in disarming Hamas

US Vice President Vance says ‘tough task’ ahead in disarming Hamas
  • US leader: Gaza deal could also pave the way for broader alliances for Israel in the Middle East

JERUSALEM: US Vice President JD Vance on Wednesday cautioned there were challenges ahead both in terms of disarming Hamas and rebuilding Gaza as part of a US-brokered ceasefire between Israel and the Palestinian militant movement.

“We have a very, very tough task ahead of us, which is to disarm Hamas but rebuild Gaza, to make life better for the people of Gaza, but also to ensure that Hamas is no longer a threat to our friends in Israel,” Vance said during a joint press conference with Israeli Prime Minister Benjamin Netanyahu in Jerusalem.

Vance is in Israel to shore up support for the ceasefire and post-war reconstruction plans brokered by US President Donald Trump.

During a press conference on Tuesday in Kiryat Gat, a city in southern Israel where a US-led mission is monitoring the Gaza ceasefire, Vance expressed “great optimism” that the truce would hold.

He said Washington would not set a deadline for Hamas to disarm under the deal, despite concerns in Israel that the group has seized on the halt in fighting to reassert itself in Gaza.

On Wednesday, Netanyahu said ideas for “the day after” had been discussed.

“We’re just creating an unbelievable day after with a completely new vision of how to have the civil government, how to have the security there, who could provide that security there.”

“It’s not going to be easy, but I think it’s possible... we’re really creating a peace plan and an infrastructure here where nothing existed even a week and a day ago,” he said.

“That’s going to require a lot of work. It requires a lot of ingenuity.”

Vance said that the Gaza deal could also pave the way for broader alliances for Israel in the Middle East.

“I think this Gaza deal is a critical piece of unlocking the Abraham Accords,” Vance said, referring to the series of normalization agreements between Israel and several Arab countries in 2020.

“But what it could allow is an alliance structure in the Middle East that perseveres, that endures, and that allows the good people in this region, the world, to step up and take ownership of their own backyard.”


UAE’s Gargash calls for new approach to ending Middle East conflict

UAE’s Gargash calls for new approach to ending Middle East conflict
Updated 22 October 2025

UAE’s Gargash calls for new approach to ending Middle East conflict

UAE’s Gargash calls for new approach to ending Middle East conflict
  • Abu Dhabi, a major oil producer, punches above its weight diplomatically in the region and beyond and has gained vast influence by strategically investing everywhere from the West to Africa

ABU DHABI: Anwar Gargash, diplomatic adviser to the United Arab Emirates president, called on Wednesday for compromise to end the Middle East conflict by providing security for Israel and a viable state for Palestinians.
The Gaza ceasefire that came into force earlier this month presents an important opening but the approach to one of the world’s most complex and intractable conflicts needs to change, Gargash said in an interview at the Reuters NEXT Gulf Summit in Abu Dhabi.
“This is definitely a moment of opportunity. I think the first thing to say, we see opportunity because we have a chance today to change course,” he said.
The UAE, a wealthy Gulf Arab state, is seen as a vital player in efforts to rebuild Gaza after two years of war — following the deadly attack on southern Israel by militant group Hamas — that killed tens of thousands of people and demolished the Palestinian enclave, creating widespread hunger and a humanitarian disaster.
“Some policies are no longer valid and should not be reincarnated, the maximalist views on the Palestinian issue are no longer valid, we have to address the issue that we have two contending nationalisms fighting on one piece of land and that land has to be divided,” Gargash said.
“Are we going to continue with this sort of maximalist views on how to address the Palestinian issue, for example, by the Israeli right, which has to understand that this is not going to go away,” added Gargash, who served as the UAE’s minister of state for foreign affairs from 2008 to 2021.
Prime Minister Benjamin Netanyahu, who leads the most far-right government in Israel’s history, has rejected the idea of a Palestinian state.

UAE’S INFLUENTIAL ROLE IN THE REGION
Abu Dhabi, a major oil producer, punches above its weight diplomatically in the region and beyond and has gained vast influence by strategically investing everywhere from the West to Africa.
The UAE was the most prominent of the Arab states to sign US-brokered normalization deals with Israel in 2020 known as the Abraham Accords.
UAE Minister of State Lana Nusseibeh said during a panel at the Reuters NEXT Gulf Summit that the UAE normalized relations with Israel to foster tolerance and change mindsets in the region.
“We partnered with the Arab region, with the United States and with Israel using the Abraham Accords to help achieve this ceasefire in Gaza that was so desperately needed,” said Nusseibeh.
Gargash reiterated that Israeli annexation in the occupied West Bank would constitute a “red line” for the UAE.
Asked if that red line could lead to the end of the Abraham Accords, which US President Donald Trump wants to expand to include other Arab states to stabilize the Middle East and promote economic growth, Gargash said the focus now should be on making Trump’s plan to end the Gaza war work.
As Gaza faces a shaky ceasefire, highly sensitive questions remain for the next phase of the truce in the US plan, such as widespread calls for Hamas to disarm and for the group not to play any future role in governing the enclave.
The UAE sees Islamist groups such as Hamas as an existential threat, a position that often influences its foreign policy.
“We’ve had 30 years of the trajectory of political Islam, and political Islam was the main combatant here in the two years of war,” Gargash said, adding that political Islam could now be waning.
The West Bank-based Palestinian Authority, Hamas’ rival, expects to play a significant role in post-war Gaza even though Trump’s plan sidelines it for now, and it is banking on Arab support to secure its position despite Israeli objections, Palestinian officials say.
Asked about the PA, Gargash noted that it has stated that it is willing to reform, but he added that changes such as financial transparency were needed.