Israeli attacks squeeze Iranian aerial supplies to Syria, sources say
September 2, 2022, 6:35 pm

Israeli attacks squeeze Iranian aerial supplies to Syria, sources say

Syria's air defenses intercepted and destroyed rockets launched by Israel from the direction of the Lebanon and the Israeli-occupied Golan Heights towards Damascus. (File photo: SANA)

Israel has intensified strikes on Syrian airports to disrupt Tehran's increasing use of aerial supply lines to deliver arms to allies in Syria and Lebanon including Hezbollah, regional diplomatic and intelligence sources told Reuters.

Tehran has adopted air transport as a more reliable means of ferrying military equipment to its forces and allied fighters in Syria, following disruptions to ground transfers.

Israel has long seen its foe Iran's deepening entrenchment in Syria as a national security threat and is widening the scope of its strikes to hit at this new transport method, the diplomatic and intelligence sources said.

The latest strikes on Wednesday night damaged Aleppo airport just before the arrival of a plane from Iran, a commander in an Iran-backed regional alliance who was familiar with the incident told Reuters.

Israel also carried out a strike on Damascus airport, damaging equipment, the government said, the second such attack airport since June when Israeli air strikes on the runway knocked it out of service for two weeks.

Israel said on July 2 that it had downed three drones launched by Hezbollah toward the Karish offshore gas field (AFP)

A Western intelligence source said that strike had also aimed to prevent the arrival of a cargo plane.

A spokesperson for the Israeli military declined to comment on the reports. Israel has been mounting attacks in Syria for years against what it has described as Iranian and Iran-backed forces that have deployed there during the 11-year war.

Ram Ben-Barak, head of the Knesset Foreign Affairs and Defence Committee, said that Israel's goal in Syria is to prevent Iran's plan "to establish another front against Israel in Syria and strengthen Hezbollah's capabilities in Lebanon."

Syrian state media: Israeli shelling wounds 2 near Golan Heights

In an interview with Tel Aviv 102 FM, he added that Israel has "managed to foil this plan in various ways."

Playing with fire

Syria's foreign minister responded to Wednesday's air strikes by saying Israel was "playing with fire" and threatening regional security.

A regional diplomatic source told Reuters the strikes marked a shift in Israeli targeting. "They started to hit infrastructure used by the Iranians for ammunition supplies to Lebanon," the source said.

"In the past it was only the supplies but not the airport. Now, they hit the runway," the source added.

Iran condemns Israel's recent attack on Damascus

That shift has been prompted by Iran's increasing use of commercial airliners instead of ground transfers to shuttle weaponry into Syria’s two major airports, according to a Western intelligence source based in the region and a Syrian military defector familiar with the strikes’ targets.

The intelligence source said Israel’s intelligence-gathering had indicated "more flights were being used" to transport weapons and small military hardware that "can be smuggled in the regular civilian flights from Tehran."

In 2019, the United States sanctioned Mahan Air for transporting weapons and personnel to Iranian forces in Syria.

Two die of wounds from Israeli attack on Syrian port of Latakia

The Syrian military defector said such hardware typically included small UAV drone components, parts for precision-guided missiles and night vision equipment that are easy to "put in a carton in a civilian plane."

Ground transfers through Iraq, Syria and into Lebanon have been less appealing since local rivalries and turf wars along the Iraqi-Syrian border – where pro-Iran Iraqi militias are based – had been disrupting stock flows, the defector said.

When the Damascus airport was hit in June, Iran and allies began to increasingly use the Aleppo airport for transfers, he added – prompting the strikes there about two months later.

The strikes also provide clues as to where Iran is now deepening is entrenchment, said Nawar Shaaban, an analyst at the Omran Centre for Strategic Studies, which focuses on Syria.

Israeli warplanes fire missiles on the port of Syria's coastal city of Latakia

While the strikes years ago concentrated on areas around Damascus and military zones in the northwest, their spread to Aleppo and even coastal zones highlight locations from which Israel perceives a strategic threat to emanate, he said.

"The dangerous thing is that when we look at these areas that are being hit, it tells us that Iran has spread out more," Shaban said.

"Every time we see a strike hit a new area, the reaction is, 'whoah, Israel hit there'. But what we should be saying is, 'whoah, Iran is there'."

Source: swissinfo

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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.