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Report: 'Hizbullah-Linked' Moguls Exploiting UAE Real-Estate Market

Jun 13

 Report: 'Hizbullah-Linked' Moguls Exploiting UAE Real-Estate Market

Two Lebanese businessmen sanctioned by the U.S. for allegedly helping Hizbullah 'covertly purchase sophisticated electronics' for military drones have at least one property in Dubai, although the UAE opposes Iran-backed Hizbullah and has placed it on its terror list, a new report released Tuesday alleges.

The report by the Washington-based Center for Advanced Defense Studies identifies the two businessmen as Kamel and Issam Amhaz.

It also identifies another nearly $70 million in Dubai properties owned by two other shareholders in Amhaz's sanctioned firms.

The report relies on alleged leaked property data from the city-state.

The government-run Dubai Media Office said it could not comment on the report.