Why Hizballah Is Threatening Cyprus

In a speech last Wednesday, Hizballah’s secretary general Hassan Nasrallah not only declared that “nowhere will be safe” in Israel in the event of an all-out war, but also that his forces would attack the island nation of Cyprus. Hanin Ghaddar, Farzin Nadimi, and David Schenker observe that this is no idle threat, but one the Iran-backed terrorist group has “a range of options” for carrying out. They explain: 

Nasrallah’s threat to Cyprus was not random—the republic has long maintained close ties with Israel, much to Hizballah’s irritation. In recent years, the island has hosted multiple joint air-defense drills and annual special-forces exercises with Israel focused on potential threats from Hizballah and Iran.

Nasrallah’s threat should also be viewed in the context of wartime statements by Iran and its proxies about disrupting vital shipping lanes to Israel through the East Mediterranean.

This scenario should be particularly troubling to Washington given the large allied military presence in Cyprus, which includes a few thousand British troops, more than a hundred U.S. Air Force personnel, and a detachment of U-2 surveillance aircraft from the 1st Expeditionary Reconnaissance Squadron.

Yoni Ben Menachem suggests there is an additional aspect to Nasrallah’s designs on Cyprus, involving a plan

to neutralize the Israeli air force through two primary actions: a surprise attack with precision missiles and UAVs on Israeli air-force bases and against radar and air-defense facilities, including paralyzing Ben-Gurion Airport.

Nasrallah’s goal is to ground Israeli aircraft to prevent them from conducting missions in Lebanon against mid- and long-range missile launchers. Nasrallah fears that Israel might preempt his planned attack by deploying its air force to Cypriot bases, a scenario the Israeli air force practiced with Cyprus during military exercises over the past year.

Read more at Washington Institute for Near East Policy

More about: Cyprus, Hizballah, U.S. Security

Despite the Toll of War at Home and Rising Hostility Abroad, Investors Are Still Choosing Israel

When I first saw news that Google wasn’t going through with its acquisition of the tech startup Wiz, I was afraid hesitancy over its Israeli founders and close ties with the Jewish state might have something to do with it. I couldn’t have been more wrong: the deal is off not because of Google’s hesitancy, but because Wiz feared the FTC would slow down the process with uncertain results. The company is instead planning an initial public offering. In the wake of the CrowdStrike debacle, companies like Wiz have every reason to be optimistic, as Sophie Shulman explains:

For the Israeli cyber sector, CrowdStrike’s troubles are an opportunity. CrowdStrike is a major competitor to Palo Alto Networks, and both companies aim to provide comprehensive cyber defense platforms. The specific issue that caused the global Windows computer shutdown is related to their endpoint protection product, an area where they compete with Palo Alto’s Cortex products developed in Israel and the SentinelOne platform.

Friday’s drop in CrowdStrike shares reflects investor frustration and the expectation that potential customers will now turn to competitors, strengthening the position of Israeli companies. This situation may renew interest in smaller startups and local procurement in Israel, given how many institutions were affected by the CrowdStrike debacle.

Indeed, it seems that votes of confidence in Israeli technology are coming from many directions, despite the drop in the Tel Aviv stock exchange following the attack from Yemen, and despite the fact that some 46,000 Israeli businesses have closed their doors since October 7. Tel Aviv-based Cyabra, which creates software that identifies fake news, plans a $70 million IPO on Nasdaq. The American firm Applied Systems announced that it will be buying a different Israeli tech startup and opening a research-and-development center in Israel. And yet another cybersecurity startup, founded by veterans of the IDF’s elite 8200 unit, came on the scene with $33 million in funding. And those are the stories from this week alone.

But it’s not only the high-tech sector that’s attracting foreign investment. The UK-based firm Energean plans to put approximately $1.2 billion into developing a so-far untapped natural-gas field in Israel’s coastal waters. Money speaks much louder than words, and it seems Western businesses don’t expect Israel to become a global pariah, or to collapse in the face of its enemies, anytime soon.

Read more at Calcalist

More about: cybersecurity, Israeli economy, Israeli gas, Israeli technology, Start-up nation