Hamas’s Corporate Empire Spans the Middle East

Jan. 22 2024

Besides the funds it receives from Qatar and Iran, and the revenue it generates from taxing its population, Hamas also operates an extensive network of shell companies and businesses. Sean O’Driscoll explores the terrorist group’s complex financial web:

By examining business records and cross-referencing them with the sanctions lists, Newsweek’s investigation shows how Hamas is using some of its key personnel to set up such companies around the Middle East and elsewhere to run its financial empire—often in places where, one expert said, it may find tacit approval for such operations. They include businesses in the United Arab Emirates, Turkey, Algeria, Saudi Arabia, and Sudan, and may even reveal how the group is expanding into Western Europe.

Newsweek found that one Yemeni business administrator is the joint owner of Hamas’s UAE property company, which owned an office block worth $150 million; is the co-founder of a Hamas-linked, publicly traded Turkish construction company; owns 20 percent of a Hamas front company in Saudi Arabia; and is on the board of another Hamas-linked Sudanese company. Separately, company records show an accountant from the West Bank is central to four major construction and real-estate companies in three countries: Turkey, Sudan, and Saudi Arabia.

The network appears to be growing. A wealthy Sudanese businessman who had close ties to Osama bin Laden, the late al-Qaeda leader, and who is described by the U.S. Treasury Department as a “Hamas financier,” set up a Hamas-linked company in Spain last December, corporate filings show.

Read more at Newsweek

More about: Hamas, Middle East, Turkey, United Arab Emirates

Israel Alone Refuses to Accept the Bloodstained Status Quo

June 19 2025

While the far left and the extreme right have responded with frenzied outrage to Israel’s attacks on Iran, middle-of-the-road, establishment types have expressed similar sentiments, only in more measured tones. These think-tankers and former officials generally believe that Israeli military action, rather than nuclear-armed murderous fanatics, is the worst possible outcome. Garry Kasparov examines this mode of thinking:

Now that the Islamic Republic is severely weakened, the alarmist foreign-policy commentariat is apprising us of the unacceptable risks, raising their well-worn red flags. (Or should I say white flags?) “Escalation!” “Global war!” And the ultimate enemy of the status quo: “regime change!”

Under President Obama, American officials frequently stared down the nastiest offenders in the international rogues’ gallery and insisted that there was “no military solution.” “No military solution” might sound nice to enlightened ears. Unfortunately, it’s a meaningless slogan. Tellingly, Russian officials repeat it all the time too. . . . But Russia does believe there are military solutions to its problems—ask any Ukrainian, Syrian, or Georgian. Yet too many in Washington remain determined to fight armed marauders with flowery words.

If you are worried about innocent people being killed, . . . spare a thought for the millions of Iranians who face imprisonment, torture, or death if they dare deviate from the strict precepts of the Islamic Revolution. Or the hundreds of thousands of Syrians whose murder Iran was an accomplice to. Or the Ukrainian civilians who have found themselves on the receiving end of over 8,000 Iranian-made suicide drones over the past three years. Or the scores of Argentine Jews blown up in a Buenos Aires Jewish community center in 1994 without even the thinnest of martial pretexts.

The Democratic Connecticut senator Chris Murphy was quick and confident in his pronouncement that Israel’s operation in Iran “risks a regional war that will likely be catastrophic for America.” Maybe. But a regional war was already underway before Israel struck last week. Iran was already supporting the Houthis in Yemen, Hamas in Gaza, Hizballah in Lebanon, and Russia in Ukraine. Israel is simply moving things toward a more decisive conclusion.

Perhaps Murphy and his ilk dread most being proved wrong—which they will be if, in a few weeks’ time, their apocalyptic predictions haven’t come true, and the Middle East, though still troubled, is a safter place.

Read more at Free Press

More about: Barack Obama, Israeli Security, U.S. Foreign policy