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The Israeli army reveals Hezbollah's precision missile project

The Israeli army has uncovered a Hezbollah missile project. The army explained that this project was conducted in great secrecy so that the Lebanese government and some Hezbollah officials had no knowledge of it. they also published pictures and names of the project organizers from Lebanese and Iranian figures.
In 2016, Iran decided to make a fundamental change in its working methods, from moving missiles to converting existing missiles into precision missiles on Lebanese territory.
As part of the move, audit materials from Iran, as well as rockets from the Syrian Research Institute, were transferred to Lebanese territory for Hezbollah.

According to the information published, for six years Iran has tried to establish advanced high-precision missile factories on Lebanese territory but has not succeeded in manufacturing production lines.
Israel expects that the disclosure of the draft will lead the international community to intervene to stop it and make Hezbollah’s chief Hassan Nasrallah understand the extent of the penetration of Israeli intelligence.
The project includes a navigation system that allows the missile to hit the target with a margin of error below ten meters.
The precision-guided missile carries guidance devices that can hit targets by a few meters error and can carry explosives and a warhead. Most of the rockets in Hezbollah's arsenal rely on inaccurate weapons.
The IDF said the head of the project was a commander in the Quds Force Islamic Revolutionary Guard Corps, Mohammad Hossein Hijazi, who was also in charge of the relations between Iran and Hezbollah, as well as two senior officers of the Islamic Revolutionary Guard Corps.
Hezbollah began establishing sites inside Lebanon, including the capital Beirut, in cooperation with Iranian entities, headed by Mohammad Hussein Zadeh Hijazi, commander of the Quds Force's Quds Force, led by Qassem Soleimani.
In response to the disclosure of the project of Hezbollah's precision missiles, Prime Minister Benjamin Netanyahu issued a warning, saying: "watch out." Netanyahu added that the aim of publishing details of the project is to make it clear that we will not sit idly by and will not allow our enemies to acquire lethal weapons.
According to a report in the Times of Israel website, the strike targeted an expensive and rare industrial mixing machine used in the creation of solid fuel, and that the attack delayed Hezbollah's plans to develop long-range precision missiles for at least one year.
Channel 13 News reported that the mixing machine, which was targeted in Beirut, was recently transferred to Lebanon from Iran, and was temporarily kept in the suburb before being transferred to a factory where the actual work on the precision missile project takes place.
Hezbollah would have used the mixing machine and any fuel it would have produced to make long-range precision missiles.
The damage to the mixing machine has rendered it unusable. "Experts dismantled the first drone that crashed in the southern suburbs of Beirut and found it contained a sealed explosive device weighing about 5.5 kilograms" Hezbollah said in a statement. "We emphasize that the purpose of this first drone was not reconnaissance but to carry out a bomb attack."
The information suggests that foiling attempts to smuggle precision missiles from Iran into Lebanon via Syria since 2013 has prompted Hezbollah not to move whole missiles but parts and pieces to be installed in Lebanon. Attempts to establish precision missile sites in Lebanon have increased significantly in recent months.
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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