Israel Says More Strikes Are Coming against a Hezbollah-Run Financial Institution

Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon October 22, 2024. (Reuters)
Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon October 22, 2024. (Reuters)
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Israel Says More Strikes Are Coming against a Hezbollah-Run Financial Institution

Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon October 22, 2024. (Reuters)
Smoke billows over Beirut's southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Baabda, Lebanon October 22, 2024. (Reuters)

Israel said late Monday it planned to carry out more strikes in Lebanon against a Hezbollah-run financial institution that it targeted the night before and which it says uses customers' deposits to finance attacks against Israel.

At least 15 branches of Al-Qard Al-Hasan were hit late Sunday in the southern neighborhoods of Beirut, across southern Lebanon and in the eastern Bekaa Valley, where Hezbollah has a strong presence. One strike flattened a nine-story building in Beirut with a branch inside it.

The Israeli military issued evacuation warnings ahead of the strikes, and there were no reports of casualties.

Associated Press journalists witnessed strikes late Monday in the coastal region of Ouzai, near Beirut’s airport, and Lebanon’s Health Ministry said an airstrike near Beirut’s largest public hospital killed four, including a child, and wounded 24. It was the first strike on the Lebanese capital in 10 days.

Israeli ground forces invaded Lebanon earlier this month. The military said it aims to push Hezbollah out of southern Lebanon so that tens of thousands of Israelis can return to their homes nearby after more than a year of cross-border rocket and drone attacks. Israeli airstrikes have pounded large areas of Lebanon for weeks, forcing over a million people to flee their homes.

Hezbollah has been launching rockets into Israel nearly every day since Hamas' deadly raid into Israel last year that sparked the war in Gaza.

The United States is hoping to revive diplomatic efforts to resolve both conflicts after the killing of Hamas leader Yahya Sinwar last week, but so far all sides appear to be digging in.

Hezbollah-run lender filled gaps left by Lebanon's troubled banks

The Arabic language spokesman for the Israeli military, Avichay Adraee, said — without providing evidence — that Hezbollah stores hundreds of millions of dollars in the branches of Al-Qard Al-Hasan and that the money is used to purchase arms and pay fighters. The strikes were aimed at preventing the group from rearming, he said.

The institution, which has more than 30 branches across Lebanon, tried to reassure customers, saying it had evacuated all branches and relocated gold and other deposits to safe areas.

Many customers are civilians unaffiliated with Hezbollah. Al-Qard Al-Hasan, which is sanctioned by the United States and Saudi Arabia, has long served as an alternative to Lebanon's banks, which have imposed restrictions on customers since a severe financial crisis that began in 2019.

Israeli military spokesperson Rear Adm. Daniel Hagari said late Monday that Israel planned more strikes on Al-Qard al-Hasan.

Hagari said Iran funds Hezbollah by sending cash and gold to the Iranian embassy in Beirut, though he did not provide any evidence.

Hagari also said, without providing evidence, that Israeli intelligence had discovered a bunker belonging to former Hezbollah leader Hassan Nasrallah that is now being used as a vault under a hospital in southern Beirut. He said it held millions of dollars of gold and cash.

A member of Lebanon’s parliament who is the director of the hospital, Fadi Alameh, denied the claim, and said the hospital has underground operation rooms. Alameh said the hospital was being evacuated in anticipation of strikes.

Hagari said Israeli strikes in Beirut in early October and in Syria on Monday had also killed people responsible for transferring money between Iran and Hezbollah. Syrian state media said an Israeli airstrike hit a car in the capital of Damascus, killing two people and wounding three.

Israeli airstrikes killed 17 people in Lebanon on Monday, including four first responders, according to the country's health ministry. The Israeli military said Hezbollah fired 170 projectiles into Israel on Monday.



Israel Seeks to Maintain Areas of Control and Influence in Syrian Territory

Military mobility of Israeli army continues on the Syrian-Israeli border in the Majdal Shams region of Golan Heights in Syria on December 19, 2024 (Anadolu Agency)
Military mobility of Israeli army continues on the Syrian-Israeli border in the Majdal Shams region of Golan Heights in Syria on December 19, 2024 (Anadolu Agency)
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Israel Seeks to Maintain Areas of Control and Influence in Syrian Territory

Military mobility of Israeli army continues on the Syrian-Israeli border in the Majdal Shams region of Golan Heights in Syria on December 19, 2024 (Anadolu Agency)
Military mobility of Israeli army continues on the Syrian-Israeli border in the Majdal Shams region of Golan Heights in Syria on December 19, 2024 (Anadolu Agency)

Israel plans to maintain areas of “control” (occupation) and “influence” (intelligence) in Syrian territory, according to a new operational concept that security officials developed for the new reality in Syria that emerged following the fall of Bashar al-Assad’s regime.
Senior officials in Israel said that the country would need to maintain a 15 km operational perimeter within Syrian territory, where the Israeli army would maintain a presence to ensure that allies of the new regime couldn’t launch missiles toward the Golan Heights, according to Yedioth Ahronoth newspaper.
They also noted the necessity of a “sphere of influence” extending 60 km into Syria, under Israeli intelligence control, to monitor and prevent potential threats from developing.
The new operational concept came a few days after Israeli officials confirmed that their forces will not withdraw from the border buffer zone and the Syrian side of Mount Hermon.
Last week, the Kan public broadcaster said in an unsourced report that the new Syrian leadership has asked the US to pressure Israel to withdraw from the buffer zone.
Israeli officials told Kan that they have received no official request on the matter, adding that the Israeli army’s presence at and across the border is necessary to protect its security.
Last month, just hours after factions of the Syrian opposition swept president Bashar al-Assad from power, Israel captured the buffer zone, which was created following the Yom Kippur War of 1967. They also seized the Syrian side of Mount Hermon.
During a visit to Mount Hermon last month, Prime Minister Benjamin Netanyahu confirmed that his troops would remain stationed inside Syria “until another arrangement can be found that guarantees Israel’s security.”
Also, Israel has carried out hundreds of attacks across Syria, saying the strikes were aimed at keeping military weapons away from extremists.
According to Yedioth Ahronoth, an Israeli official said that while Ahmed al-Sharaa, Syria's de facto leader, had sent messages to Israel claiming that his forces weren’t seeking conflict, Israel remained skeptical. “This might hold true for a year, two years, maybe even 10 or 20”, he said.
“But no one can guarantee that eventually, they won’t turn against us – and these are highly dangerous people. (Ahmed) Al-Sharaa’s current goal is to lift sanctions on Syria to bring in foreign funds. But in the long run, Israel must maintain a control zone and a sphere of influence in Syria,” the official said.
He also expressed hope that Israel would receive full backing against threats from Syria and Lebanon after the inauguration of US President-elect Donald Trump on January 20.
“In the meantime, we’ll have to remain there, ensuring a 15-km missile-free zone under our control, as well as a 60-km sphere of influence, to prevent threats from developing. We’re building an operational concept for this new reality,” he said.
Israel was also concerned about the potential entrenchment of Hamas and Islamic Jihad in Syria, seemingly ignored by al-Sharaa, according to the newspaper.
“We won’t allow their establishment in Syria just as we prevented Iran’s foothold there,” the official said.
“We estimate that al-Sharaa prefers to keep them there so they can act against Israel, giving him plausible deniability,” he added.
These remarks came while Israeli officials were reportedly astounded by what they described as the West's “blindness” toward the regime of Ahmad al-Sharaa, according to Yedioth Ahronoth.