Middle East Economic Survey


No 34



US Judge Approves Barclays Settlement Over Sanctions Defiance

A proposed deal under which Barclays Bank will pay a $298mn settlement over dealings with financial institutions in a number of US-sanctioned countries has been approved by a US federal judge. The bank faces criminal charges after doing business with banks in Iran, Libya, Sudan, Myanmar and Cuba, all five of which are subject to sanctions and trade embargoes by the US. The...