Israeli Cabinet Approves $2.8 Billion Budget for Potential Strike against Iran

The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)
The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)
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Israeli Cabinet Approves $2.8 Billion Budget for Potential Strike against Iran

The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)
The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)

The Israeli government approved a multiyear draft general budget, to include an increase by around USD2.8 billion for a potential strike against Iran, following 36 hours of deliberations.

Prime Minister Benjamin Netanyahu boasted of approving the budget, saying that an agreement was reached on a multi-year plan for the security services and the army.

He pointed to the importance of the agreement, which he said was made unanimously with Defense Minister Yoav Gallant and Finance Minister Bezalel Smotrich, “with a little help on my part.”

Netanyahu explained that the budget would bring about a change in the course of military service, and in rewarding soldiers for service. He said that it would provide the appropriate financial reward for soldiers and officers, while shortening the period of service in order to reduce the period of engagement in the labor market, which he said constituted a tremendous change for Israel’s security and for the Israeli economy.

The budget approval comes two days after Ted Colbert, president and CEO of Boeing Defense, Space & Security, announced in Tel Aviv that Israel had requested the purchase of 50 F-15EX aircraft, and the modernization of all F-15 fighters.

Israel is planning to ask the US to sell its new 5,000 pound GBU-72 bomb to the Israeli army. The bomb weighs 5,000 pounds and can be used to strike underground Iranian nuclear sites.

The Israeli army had obtained USD1.5 billion in the 2021 budget to purchase weapons for the possible war with Iran. This year, it requested an additional USD3 billion, of which it obtained USD2.8 billion.



Suspected Mastermind of French Crypto Kidnappings Held in Morocco

Badiss Mohammed Bajjou was wanted by French authorities over a spate of kidnappings (Handout) - AFP
Badiss Mohammed Bajjou was wanted by French authorities over a spate of kidnappings (Handout) - AFP
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Suspected Mastermind of French Crypto Kidnappings Held in Morocco

Badiss Mohammed Bajjou was wanted by French authorities over a spate of kidnappings (Handout) - AFP
Badiss Mohammed Bajjou was wanted by French authorities over a spate of kidnappings (Handout) - AFP

A 24-year-old Franco-Moroccan man suspected of masterminding a series of kidnappings targeting cryptocurrency entrepreneurs in France has been arrested in Morocco, France said.

Badiss Mohamed Amide Bajjou was wanted by the French authorities and was the subject of an Interpol red notice for "arrest, kidnapping, false imprisonment or arbitrary detention of a hostage."

The suspect was arrested in the northern Moroccan city of Tangier, according to a statement from the country's General Directorate for National Security carried by Moroccan state news agency MAP.

France has been shaken by a series of kidnappings and attempted abductions targeting cryptocurrency bosses and their families in recent months, prompting one prominent crypto entrepreneur to call on authorities to "stop the Mexicanisation" of the country, AFP reported.

"I sincerely thank Morocco for this arrest, which demonstrates excellent judicial cooperation between our two countries, particularly in the fight against organised crime," French Justice Minister Gerald Darmanin said on X.

A native of Le Chesnay west of Paris, Bajjou is suspected of being one of the masterminds behind the high-profile kidnapping in January of French crypto boss David Balland and his partner, according to French daily Le Parisien.

Balland co-founded the crypto firm Ledger, valued at the time at more than $1 billion. Balland's finger was cut off by his kidnappers, who demanded a hefty ransom.

Last week French authorities charged 25 people, including six minors, over the series of kidnappings and attempted abductions.

The crimes have become a major embarrassment for the French government and have sparked concern about the security of wealthy crypto tycoons, who have notched up immense fortunes from the booming business.

In May, Interior Minister Bruno Retailleau held an emergency meeting with cryptocurrency leaders, with the ministry announcing plans to bolster their security.