Wednesday, February 21, 2007

Middle East Conflict: Treasury Department bans Hizbollah's construction arm

The US Treasury Department has designated a Lebanon-based construction company operated by Hizbollah as a terrorist organisation.

The Treasury Department accused it of bolstering the militant group's public standing by rebuilding war-torn areas.
The action by the Treasury bans Americans from doing business with Jihad al-Bina and freezes any assets the construction firm may have under US jurisdiction.

However, it is still quite OK to do business with Halliburton.

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