Daily TIP

The Daily TIP: New Details Emerge About Hezbollah’s Iran-Built Weapons Factories in Lebanon

Posted by Tip Staff - July 11, 2017

New Details Emerge About Hezbollah's Iran-Built Weapons Factories in Lebanon
Journalist Who Revealed Anti-Semitic Discrimination by Chicago Dyke March Stripped of Duties
Israel Welcomes Rwandan President as Ties With Africa Grow
Israeli High-Tech Exits During First Half of 2017 Total Nearly $2 Billion

New Details Emerge About Hezbollah's Iran-Built Weapons Factories in Lebanon

New details have emerged about underground weapons factories that Iran is building for its proxy group Hezbollah in Lebanon, The Times of Israel reported Monday.

The existence of the factories was first reported in March by a Kuwaiti newspaper quoting an unnamed Iranian Islamic Revolutionary Guard Corps (IRGC) general.

Last week, IDF Chief of Staff Lt. Gen. Gadi Eisenkot told a Knesset committee that Israel was aware of the factories and was "working against it using quiet measures to avoid a deterioration of the situation.”

The French magazine Intelligence Online recently published a report identifying the locations of two weapons factories and the munitions they produce. One underground facility, located near Hermel in northeastern Lebanon, reportedly produces mid-range Fateh 110 rockets that can carry half-ton warheads and have ranges of about 190 miles, enough to reach most of Israel. The Fateh 110 rockets are considered to be relatively accurate, and Israel's David's Sling air defense system, which became operational in April, is designed to intercept them.

A second factory located near the Mediterranean coast in southern Lebanon manufactures smaller munitions, according to Intelligence Online.

The Iranian general who first revealed the existence of the factories said that they were built because Israel had destroyed munitions factories in Sudan and hit weapons convoys in Syria en route to Hezbollah.

Iran is banned from exporting weapons by the United Nations Security Council, and is specifically forbidden from arming Hezbollah by Security Council resolution 1701.

Journalist Who Revealed Anti-Semitic Discrimination by Chicago Dyke March Stripped of Duties

An award-winning reporter who first revealed that three Jewish women were ejected from the Dyke March in Chicago last month for carrying LGBT flags adorned with the Star of David has been reassigned to non-journalistic duties at The Windy City Times, the paper which published the original story, Ben Cohen reported for The Algemeiner Monday.

In her initial report of the event, Gretchen Rachel Hammond quoted an organizer of the LGBT march explaining that the Jewish women were targeted because their flags were “triggering,” “made people feel unsafe,” and that the march was “anti-Zionist” and “pro-Palestinian.”

The Windy City Times---whose masthead featured Hammond as a senior writer until a week ago---now employs Hammond as a “senior account executive.” Hammond confirmed to The Algemeiner that she had been reassigned by the newspaper and was no longer tasked with reporting and writing for the outlet.

When approached by The Algemeiner, Tracy Baim---the publisher and executive editor of The Windy City Times---told the paper that she could not discuss the Hammond case. “I cannot comment on our people, but know that we stand by our reporting on our stories,” Baim stated in a telephone conversation.

Hammond joined The Windy City Times as a reporter in 2013 and was very successful in her career. In 2016, she won the National Lesbian and Gay Journalists Association Award for Excellence in News Writing. This year, she was shortlisted for the second time for the Lisagor Award, which honors journalists in Chicago.

Israel Welcomes Rwandan President as Ties With Africa Grow

Israeli leaders welcomed Rwandan President Paul Kagame for a two-day state visit on Monday, expressing hopes for increased cooperation and a solidarity rooted in their nations' shared experience of overcoming genocide.

“We know that Rwanda is now going to be member of the UN Human Rights Council. This is a body which is always against Israel, so we welcome all those who are prepared to speak for us,” Israeli President Reuven Rivlin told the Rwandan president in Jerusalem.

Referring to this history, Prime Minister Benjamin Netanyahu added, “We see how you stand up for Israel in international forums, and you already expressed a simple principle that we did which is that bilateral relationships should be reflected in multilateral forums. There is a dissonance between us and a few other nations still."

In his speech, Kagame hailed the growing ties between Israel and Rwanda.

Kagame said that his nation was looking forward to greater private sector investment from Israel. In the wake of Netanyahu's historic visit to East Africa last year, "Israel has continued to follow through on its commitments and objective, of scaling up engagement across Africa," he added.

Netanyahu had made a point of thanking Kagame for being "the indispensable bridge on which we marched to make our return to Africa."

Kagame told The Jerusalem Post on Tuesday that Israel has been instrumental in helping Rwanda confront the threat from terrorist groups like al-Shabaab in Somalia and Boko Haram in Nigeria, which “spread quietly" across the continent.

Israeli High-Tech Exits During First Half of 2017 Total Nearly $2 Billion

In the first half of 2017, Israeli high-tech exits totaled $1.95 billion in 57 deals, according to an IVC-Meitar Exits Report published earlier this week. Exits in H1/2017 comprised 46 merger & acquisition (M&A) deals, seven initial public offerings (IPOs) and four buyouts, totaling $1.51 billion, $227 million, and $218 million, respectively, according to the report.

The IVC-Meitar report excludes the highly publicized Mobileye acquisition by Intel for over $15 billion, since the deal has not yet been finalized.

The average exit deal in the first half of 2017 reached $34 million, much lower than the annual exit average of $87 million in 2016.

The largest deals in the first half of 2017 were the $340 million acquisition of Valtech by Edwards Lifescience and $200 million acquistion of Juno LAB by Gett, followed by the $170 million acquisition of Servotronix by Midea.

Israeli companies hit the headlines with two-sided Israeli M&A deals in the first half of the year. According to IVC, the most prominent Israeli through and through deal was with Gett acquiring Juno LAB for $200 million (the second largest deal closed in 2017 so far). In fact, 15 such deals were recorded since the beginning of the year, garnering $256 million.

In 2016, there were 34 deals involving Israeli companies on the both sides.

(via Israel21c)

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