President Joe Biden's administration on Tuesday sanctioned three people who have directly funded Hezbollah, a group that has been designated as a terrorist organisation by Washington.
The US Treasury Department announced sanctions against Ali Mohamad Daoun, Adel Diab and Jihad Salem Alame as well as their travel agency, Dar Al Salam for Travel and Tourism.
“With this action, Treasury is disrupting businessmen who raise and launder funds for Hezbollah’s destabilising activities while the Lebanese people face worsening economic and humanitarian crises,” said Brian Nelson, the department's undersecretary for terrorism and financial intelligence.
“Hezbollah claims it supports the Lebanese people, but just like other corrupt actors in Lebanon that Treasury has designated, Hezbollah continues to profit from insulated business ventures and backdoor political deals, amassing wealth that the Lebanese people never see.”
Mr Daoun, who is in charge of Hezbollah’s second district, owns the travel agency and founded the business with fellow Hezbollah members Mr Diab and Mr Alame.
"As the Lebanese people suffer an economic crisis of historic proportions, Hezbollah continues to engage in illicit activity and amass wealth at the expense of the Lebanese people. It is clear Hezbollah and its associates are more concerned with advancing their own interests and those of their patron, Iran, than the best interests of the Lebanese people," Secretary of State Antony Blinken added in a statement
The Treasury Department issued a similar tranche of sanctions against Hezbollah financiers based in Lebanon and Kuwait in September.
Shortly thereafter, the US and Qatar jointly sanctioned seven other Hezbollah financiers based in the Gulf.
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The Details
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How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
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