Israel and Hezbollah exchange intense fire following retaliation for commander killing


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Hezbollah launched hundreds of rockets and drones against Israel on Sunday in what it called the first retaliation for the killing of a senior commander, a wide-scale assault that Israel claims to have thwarted and that risks escalating into a full-blown war.

The Lebanese militant group said it targeted 11 Israeli military sites with more than 320 Katyusha rockets, with most of its projectiles launched against military bases in the Galilee region of northern Israel and the occupied Golan Heights. It added in a later statement that its military operation for Sunday was over.

Earlier in the day, Hezbollah announced the start of a large-scale attack in retaliation for the assassination of its senior commander Fouad Shukr. It said it “launched an aerial attack using a large number of drones” on Israeli territory.

The statement, the group said that Hezbollah is at its “highest level of readiness”, warning that if civilians are harmed in Lebanon, “the punishment will be severe and very harsh”.

The Israeli Ministry of Defence declared a state of emergency across the entire territory of Israel for 48 hours.

A Western diplomatic source said that Hezbollah's attempt to re-establish deterrence appears to have failed, potentially paving the way for further escalation in the long run.

Israeli reports suggest that Hezbollah initially targeted two key strategic military sites near Tel Aviv. “Had these strikes been successful, they would have represented a carefully measured response,” the source said.

However, the failure to achieve these objectives would highlight “Israel's superiority in intelligence and technology.”

Hezbollah denied Israel’s claims of thwarted attacks. “Of course, Hezbollah will adopt a narrative of victory, but it doesn't align with the reality on the ground,” the diplomatic source added. “Hezbollah will struggle to justify this outcome."

Hezbollah leader Hassan Nasrallah insisted in a speech that a significant number of drones and rockets reached their military targets and added that his group would assess the impact of the attack and decide later if a bigger retaliation is needed.

Round of strikes

About an hour before the statement, the Israeli army said it launched pre-emptive strikes against Hezbollah in Lebanon.

“A short while ago, the IDF identified the Hezbollah terrorist organisation preparing to fire missiles and rockets towards Israeli territory”, Israeli military spokesman Admiral Daniel Hagari said on Sunday.

‌‏"In a self-defence act to remove these threats, the IDF is striking terror targets in Lebanon, from which Hezbollah was planning to launch their attacks on Israeli civilians.” He added that more than 40 launch sites were attacked.

Israeli Prime Minister Benjamin Netanyahu said at the start of the emergency national security cabinet meeting in Tel Aviv that the Israeli army has “destroyed thousands of rockets” aimed at the north of the country.

“We are determined to do everything to protect our country, return the residents of the North safely to their homes and continue to follow a simple rule: Whoever harms us – we harm them,” he added.

The Israeli PM stressed later that “what happened today is not the end of the story,” reiterating that Israel destroyed “thousands of short-range missiles” targeting the Galilee region and a “strategic base” in central Israel, believed to be the intelligence headquarters in Tel Aviv.

“We are striking Hezbollah with surprising, crushing blows. This is another step on the way to changing the situation in the north and returning our residents to their homes. And I repeat, this is not the end.”

Israeli bombing in southern Lebanon was continuing on Sunday morning after Hezbollah announced the completion of the “first stage” of its retaliation.

“We are removing threats against the Israeli home front. Dozens of IAF jets are currently striking targets in various locations in southern Lebanon,” Mr Hagari said.

The Lebanese ministry of health said that two people were killed in an Israeli raid in the town of Al-Tiri on Sunday. It did not give details on their identity and whether they were civilians or fighters. It also reported two casualties in the chain of Israeli strikes on Sunday morning: a Lebanese with minor injuries and a Syrian with moderate injuries.

Additionally, Amal, a Hezbollah-allied group, announced the death of one of its fighters, identified as Ayman Idris, killed in an Israeli strike in Khiam, south Lebanon.

On the Israeli side, a woman in the northern Israeli city of Acre was lightly wounded by shrapnel and sustained injuries to her face and limbs, the Magen David Adom ambulance service said on X. It remains unclear whether the shrapnel was from Hezbollah rockets or Israeli interceptors.

Lebanese Prime Minister Najib Mikati called on Sunday for an end to the “Israeli aggression” against his country during an emergency government meeting following the recent escalation, according to the Lebanese state news agency, the National News Agency (NNA).

“During the meeting, the Prime Minister confirmed that he is holding a series of contacts with Lebanon's friends to stop the escalation,” the report said.

“He stated that what is required is to stop the Israeli aggression first and implement Resolution 1701” and added that “Lebanon's position is in support of international efforts that could lead to a ceasefire in Gaza,” according to NNA.

Israel’s international Ben Gurion airport initially cancelled all take-offs and landings for several hours, the airport authority said. Dozens of flights to and from Beirut airport were cancelled on Sunday morning according to the airport's website amid rising tensions.

Fears of a regional war have spread after the double assassination of Mr Shukr in Beirut and Hamas political leader Ismail Haniyeh in Iran, both attributed to Israel. Both Iran and Hezbollah had vowed retaliation.

At least than 601 people have been killed in Israeli attacks on Lebanon since the cross-border conflict broke out in October in parallel with Israel's war on Gaza. While most deaths have been Hezbollah members or allied fighters, at least 131 civilians have also been killed.

The Israeli authorities have announced the deaths of at least 23 soldiers and 26 civilians since the fighting began, including in the annexed Golan Heights.

The escalation in attacks on Sunday comes amid growing fears of a regional war and talks in Cairo between aimed at reaching a ceasefire deal in Gaza. Hezbollah and other Iran-backed proxy groups in the region have said they will abide by a truce if Hamas agrees to it.

“We continue to closely monitor the situation and have been very clear that the US is postured to support the defence of Israel,” Pentagon Press Secretary Pat Ryder said following the strikes.

US Defence Secretary Lloyd Austin said he called his Israeli counterpart “to discuss Israel’s defence” against Hezbollah attacks, and reaffirmed “the United States’ ironclad commitment to Israel’s defence against any attacks by Iran and its regional partners and proxies.”

Meanwhile, Hamas has issued a statement praising its Lebanese ally Hezbollah and Yemen’s Houthi rebels pledged to launch their own attacks. A Hamas official on Thursday called on regional allies to “widen” the confrontation with Israel.

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Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

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Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

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The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Joker: Folie a Deux

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Director: Todd Phillips 

Rating: 2/5

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- Marie Curie

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

UAE currency: the story behind the money in your pockets
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• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65

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1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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Favourite books: 'Ruth Bader Ginsburg: A Life' by Jane D. Mathews and ‘The Moment of Lift’ by Melinda Gates

Favourite travel destination: Greece, a blend of ancient history and captivating nature. It always has given me a sense of joy, endless possibilities, positive energy and wonderful people that make you feel at home.

Favourite pastime: travelling and experiencing different cultures across the globe.

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Favourite Movie: Mona Lisa Smile 

Favourite Author: Kahlil Gibran

Favourite Artist: Meryl Streep

Other IPL batting records

Most sixes: 292 – Chris Gayle

Most fours: 491 – Gautam Gambhir

Highest individual score: 175 not out – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Highest strike-rate: 177.29 – Andre Russell

Highest strike-rate in an innings: 422.22 – Chris Morris (for Delhi Daredevils against Rising Pune Supergiant in 2017)

Highest average: 52.16 – Vijay Shankar

Most centuries: 6 – Chris Gayle

Most fifties: 36 – Gautam Gambhir

Fastest hundred (balls faced): 30 – Chris Gayle (for Royal Challengers Bangalore against Pune Warriors in 2013)

Fastest fifty (balls faced): 14 – Lokesh Rahul (for Kings XI Punjab against Delhi Daredevils in 2018)

 

Updated: August 26, 2024, 7:18 AM