Hezbollah ‘fully prepared’ for escalation as tension mounts in southern Lebanon

Fighters of the Lebanese Shiite movement Hezbollah marching during a military parade commemorating their "Martyr's Day" parade, in the city of Baalbek in Lebanon's eastern Bekaa valley. (AFP file photo)
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Updated 28 January 2024
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Hezbollah ‘fully prepared’ for escalation as tension mounts in southern Lebanon

  • Militant group, Israel in ‘most intense exchange of fire’ since October, source says

BEIRUT: Hezbollah intensified operations against Israeli military sites over the last 24 hours in what a security source said was the “most intense exchange of fire” since Oct. 8.

Over 12 hours, the group targeted nine Israeli sites and gatherings, and mourned four fighters who were killed in the Israeli shelling of two homes in Beit Lif and Deir Aames.

Offensive operations escalated from Friday night to Saturday.




Speaker Nabih Berri leads a parliament session in Beirut, Lebanon. (Reuters)

Hezbollah said that its fighters targeted a gathering of Israeli soldiers south of the Al-Abbad site with missiles throughout Friday night until noon on Saturday.

HIGHLIGHT

Israeli warplanes carried out raids on the outskirts of Naqoura, Aita Al-Shaab and Blida towns.

Another gathering of soldiers was targeted in the vicinity of Doviv Barracks and Khirbet Ma’ar military base.

A Hezbollah statement said that it had targeted the vicinity of Jal Al-Alam with Burkan missiles.

A building in the Avivim settlement and positions and a deployment of soldiers near Metula were also targeted with the “appropriate weapons.”

In addition, a Hezbollah sniper unit targeted the new surveillance apparatus raised on Israel’s Zar’it Barracks and a gathering of soldiers on Cobra Hill with two Burkan missiles.

The militant group later announced that it targeted “spy equipment in the Al-Bahri site with the appropriate weapons.”

A security source described the military escalation over the past 24 hours as “the most intense since October, in terms of exchanging shelling and rounds of rockets.”

On Saturday morning, the coastal border area of Ras Al-Naqoura was subjected to Israeli machine gun fire.

Israeli warplanes, meanwhile, carried out raids on the outskirts of Naqoura, Aita Al-Shaab and Blida towns.

Israeli artillery shelling targeted the outskirts of the villages of Houla, Al-Dhaira, Ayta ash Shab and Tayr Harfa.

Hezbollah held a funeral procession for four fighters who were killed in two raids on two uninhabited houses in Beit Lif and Deir Aames.

They were Mohammed Ali Mazeh from Tayr Felsay, Islam Mohammed Zalzali from Deir Qanun En Nahr, Taleb Yahya Balhas from Seddiqine and Ali Fawzi Melhem from Majdal Selm.

During Zalzali’s funeral, Hezbollah MP Hassan Ezzedine said the southern front would “remain standing and open to support Gaza.”

He added: “In case of any development that expands this war, the resistance will not stand idly by. It is fully prepared to respond to any folly.

“It will be on the lookout and fight back twice as hard and deal a blow that this enemy could have never anticipated,” said the MP.

Ezzedine’s remarks came as Israeli news outlets reported that sirens were sounded in multiple settlements near the Lebanon border due to concerns about incoming drones.

The settlements of Dafna, Gosher, Ghajar, Dan, Shaar Yishuv and Senir in the Upper Galilee were alerted.

Israeli newspaper Yedioth Ahronoth reported that sirens were activated in the Shlomi settlement in Western Galilee due to concerns about missiles targeting the area.

Israeli Army Radio said four rockets fell from southern Lebanon in the Shlomi settlement.

Sirens were sounded again in the settlements of Dishon, Malikiyah, Jephthah, Ramot Naftali and Mebuat Hermon.

MP Mohammed Raad, leader of the Hezbollah parliamentary bloc, issued a stern warning to Israel on Saturday, warning the country to “avoid spreading its aggression from place to place in Lebanon,” as “the consequences would be grave.”

He added that Israel is “threatening us with a comprehensive war in Lebanon to achieve its conditions that reassure the settlers in the north so that they can return to their settlements.

“It is more important for us to reassure our people who have been displaced from their villages than to reassure your settlers.”

Raad warned that Israel’s security “should not come at the expense of our security.”

He said: “It is crucial for any international or regional agreement to acknowledge our stability, sovereignty, and right to our land and the positioning that we decide and choose.

“We are concerned with protecting our people and our country and preventing Israel from attacking our sovereignty. This is the resistance’s commitment; all sacrifices translate this commitment.”

Raad’s statement came in response to recent US and French diplomatic efforts that aimed to decouple Lebanon’s southern border from events in the Gaza Strip, and encourage a withdrawal of Hezbollah forces.

 


Lebanon PM publishes long-awaited banking law draft

Updated 19 December 2025
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Lebanon PM publishes long-awaited banking law draft

  • The law stipulates that each of the state, the central bank, commercial banks and depositors will share the losses accrued as a result of the financial crisis.
  • Depositors with a limit of $100,000, over the course of four years

BEIRUT: Lebanese Prime Minister Nawaf Salam published on Friday a long-awaited banking draft bill, which distributes losses from the 2019 economic crisis between banks and the state.
The draft law is a key demand from the international community, which has conditioned economic aid to Lebanon on financial reforms.
In a televised speech, Salam said “this draft law constitutes a roadmap to getting out of the crisis” that still grips Lebanon.
The draft will be discussed by the Lebanese cabinet on Monday before being sent to parliament, where it could be blocked.
The law stipulates that each of the state, the central bank, commercial banks and depositors will share the losses accrued as a result of the financial crisis.
Depositors, who lost access to their funds after the crisis, will be able to retrieve their money, with a limit of $100,000, over the course of four years.
Salam said that 85 percent of depositors had less than $100,000 in their accounts.
The wealthiest depositors will see the remainder of their money compensated by asset-backed securities.
“I know that many of you are listening today with hearts full of anger, anger at a state that abandoned you,” Salam said.
“This bill may not be perfect... but it is a realistic and fair step toward restoring rights, halting the collapse.”

- ‘Banks are angry’ -

The International Monetary Fund, which closely monitored the drafting of the bill, had previously insisted on the need to “restore the viability of the banking sector consistent with international standards” and protect small depositors.
The Associations of Banks in Lebanon criticized the draft law on Monday, saying in a statement that it contains “serious shortcomings” and harms commercial banks.
“Banks are angry because the law opens the door to them sharing any part of the losses,” said Sami Zougheib, researcher at The Policy Initiative, a Beirut-based think tank.
He told AFP that banks would have preferred that the state bear full responsibility.
The text provides for the recapitalization of failing banks, while the government’s debt to the Central Bank will be converted into bonds.
Salam said that the bill aims to “revive the banking sector” which had collapsed, giving free rein to a parallel economy based on cash transactions, which facilitate money laundering and illicit trade.
According to government estimates, the losses resulting from the financial crisis amounted to about $70 billion, a figure that is expected to have increased over the six years that the crisis was left unaddressed.
Since assuming power, Salam and President Joseph Aoun have pledged to implement the necessary reforms and legislation.
In April, Lebanon’s parliament adopted a bank restructuring law, as the previous legislation was believed to have allowed a flight of capital at the outbreak of the 2019 crisis.
The new bill stipulates that politically exposed persons and major shareholders who transferred significant capital outside the country from 2019 onwards — while ordinary depositors were deprived of their savings — must return them within three months or face fines.
The draft law could still be blocked by parliament even if the cabinet approves it.
“Many lawmakers are directly exposed as large depositors or bank shareholders, politically allied with bank owners, and unwilling to pass a law that either angers banks or angers depositors,” Zougheib said.
Politicians and banking officials have repeatedly obstructed the reforms required by the international community for Lebanon to receive financial support.