(Jerusalem Post) Yonah Jeremy Bob - Hamas is concealing secret foreign investments worth $500 million in seemingly legitimate businesses, the Jerusalem Post has learned. Intelligence information indicates that from the early 2000s until 2018, Hamas controlled some 40 commercial companies in Turkey, the UAE, Saudi Arabia, Jordan, Algeria and Sudan, mostly in the real-estate and infrastructure sectors, the Double Cheque website reported. Prior to 2015, Saudi Arabia, Algeria, Sudan and other Gulf states allowed their business and banking sectors to be used by Hamas to raise funds that could later be used for its terrorist activities. But from 2015-2016, the Saudis shifted their position, leading Hamas to move the bulk of its investment operations to Turkey. While Algeria continues to be a major source of foreign investment revenue for Hamas, Sudan appears to have cut back its support since the warming of its relations with Jerusalem in 2020.
2021-11-01 00:00:00Full ArticleBACK Visit the Daily Alert Archive