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.



Damascus, Amman Agree to Facilitate Travel of Syrians through Nassib Border-Crossing

The Syrian ministers tour the Nassib border-crossing with Jordan. (Syrian Ministry of Transport)
The Syrian ministers tour the Nassib border-crossing with Jordan. (Syrian Ministry of Transport)
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Damascus, Amman Agree to Facilitate Travel of Syrians through Nassib Border-Crossing

The Syrian ministers tour the Nassib border-crossing with Jordan. (Syrian Ministry of Transport)
The Syrian ministers tour the Nassib border-crossing with Jordan. (Syrian Ministry of Transport)

The Syrian and Jordanian governments have been exerting efforts to facilitate the travel of Syrians through the Nassib-Jaber border-crossing between their countries.

The governments are in agreement over the need to improve the crossing, located in the southern Daraa governorate, and remove hurdles that impede the flow of travelers from both countries, especially amid the Israeli assault against Hezbollah in Lebanon and its targeting of the majority of crossings between Syria and Lebanon.

Informed sources in Damascus said there was an agreement between Syria and Jordan over this issue as part of efforts to keep southern Syrian regions away from the Israeli escalation.

The governments are also keen on seizing the opportunity to improve trade exchange across the crossing after several Syrian travelers shifted their transit from Beirut’s Rafik Hariri International Airport to the Queen Alia International Airport in Jordan.

On Sunday, a Syrian government delegation, including the ministers of interior, transport, local administration and finance, toured the Nassib crossing to inspect the improvements there and the movement of travelers and goods.

Interior Minister Mohammed al-Rahmoun vowed to “ease” all obstacles, noting an improvement in services.

Communication is also present with officials on the Jordanian side of the border to overcome any problems, he added.

Daraa Governor Asaad Toukan had said the crossing needs “constant development” in aspects related to services, tourism and trade given that it is Syria’s gateway to Jordan and the Gulf region.

The ministers’ visit took place a week after Jordanian Foreign Minister Ayman al-Safadi held talks with Syrian President Bashar al-Assad in Damascus.

The informed sources said Amman had been imposing strict measures on Syrians and the transit of goods from Syria to the kingdom as part of its efforts to limit the flow of Syrian refugees to Jordan and combat drug smuggling.

The restrictions did impact movement at the crossing, with travelers being forced to wait more than seven hours to cross. Trucks had to wait days, even weeks, to pass.

The Israeli escalation in Lebanon, however, has led to faster measures and the suspension of some restrictions.