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Hezbollah’s finances dry up as cash sources cut
Hezbollah is running out of money, as three of its main sources of cash dry up, the Voice of America (VOA) reported on Friday.
The Iranian terrorist proxy relies on three key funding channels: Al-Qard al Hasan, or AQAH, a Hezbollah-owned quasi-bank operating without a government banking license; Licensed Lebanese commercial banks: and cash from Iran, Researchers told the broadcaster.
Israel targeted AQAH in its initial airstrikes during the current campaign in Lebanon. They hit Hezbollah’s “cash storage centers, including a large part of the AQAH vaults,” leaving the group in a “financial crisis,” VOA reported, quoting a Sept. 30 report by Murr Television, aka MTV Lebanon.
Hilal Khashan, a political science professor at the American University of Beirut, also told the VOA that Israel “destroyed” most of AQAH’s branches.
“Hezbollah is facing a very serious financial problem. They are unable to pay rank and file members who have fled their homes and need to feed their families,” Khashan said.
The Meir Amit Intelligence and Terrorism Information Center (ITIC), a group of Israeli intelligence veterans, describes Al-Qard al-Hasan (“The Benevolent Loan”), as an institution that mainly provides interest-free loans to the Shi’ite community in Lebanon.
The main idea is to support Shi’ite society so that it in turn will support Hezbollah, becoming a “resistance society,” ITIC explained.
The U.S. Treasury Department sanctioned AQAH in 2007 and individuals associated with it in proceeding years. The sanctions did not, however, affect the number of loans provided by the organization, which continued to grow, ITIC said.
David Asher, a former U.S. Defense and State Department official who focused on Hezbollah’s drug trafficking and money laundering operations, told VOA that the group is in “deep trouble” as it is also losing access to Lebanese banking.
“I’m hearing from Lebanese bankers, including Hezbollah financiers, that Lebanon’s wealthiest bankers who can afford to fly have fled to Europe and the Gulf, fearing they could be targeted next by Israel for helping Hezbollah,” Asher said, now a senior fellow at the Washington-based Hudson Institute.
“These Lebanese bankers, most of them billionaires, see the wind is blowing against Hezbollah, so they are not going to let it take millions of dollars out of their banks, which still have cash despite being bankrupt on paper,” Asher said. “They know that if they do, Israel probably will eliminate them, too.”
Another Hezbollah funding source is cash delivered by plane from Iran. It, too, is drying up.
On Sept. 27, Israel warned it would not allow hostile flights carrying weapons to land at Beirut’s airport. The next day, an Iranian flight from Tehran made a U-turn over Iraqi airspace.
Lebanon’s Transport Ministry said it had ordered the Iranian plane to turn around after an Israeli threat that it would use force against Beirut’s air traffic control tower if the plane attempted to land.
“I’ve heard from my Israeli counterparts that the Iranians are scared to send money to Lebanon right now because Israel is threatening to target flights into Beirut. The Israelis are warning they will target flights full of money, not just weapons,” Asher said.
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Defense Minister Moves to Shut Down Israel’s Historic Army Radio Station
Israeli Defense Minister Israel Katz looks on, amid the ongoing conflict in Gaza between Israel and Hamas, in Jerusalem, Nov. 7, 2024. Photo: REUTERS/Ronen Zvulun
i24 News – Israel’s defense minister, Israel Katz, said he plans to bring a proposal to the government on Sunday to close Galei Tzahal, the Israel Defense Forces’ radio station, ending a broadcast operation that has been on the air for more than seven decades.
If approved, the shutdown would take effect on March 1, 2026.
The announcement has triggered sharp backlash from journalists, legal experts, and civil society groups, who warn the move could have far-reaching implications for press freedom. Tal Lev-Ram, the station’s commander, has already signaled that Galei Tzahal’s leadership intends to challenge the decision in the High Court of Justice. Attorney General Gali Baharav-Miara also voiced concern, cautioning that the plan could amount to political intervention in public media and pose risks to freedom of expression.
Criticism has also come from the Israeli Press Council, headed by former Supreme Court justice Hanan Melcer, which labeled the proposed closure unlawful.
The council argued that dismantling a public broadcaster requires explicit legislation passed by the Knesset, not a government decision alone. Advocacy organizations, including the Movement for Quality Government, said they are preparing legal petitions as well.
Katz defended the initiative by citing the findings of a professional review committee, which concluded that a military-run radio station broadcasting political and current affairs programming to the general public represents a “democratic anomaly.”
He argued that Galei Tzahal has moved beyond its original mandate of serving soldiers and their families.
The committee examined a range of alternatives, such as converting the station into a music-only outlet or partially privatizing its operations.
Ultimately, it recommended either closing the station altogether or significantly scaling it back by removing political content. Katz noted that Galgalatz, the popular music station operated by the army, would continue broadcasting under the proposed plan.
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Trilateral Summit: Israel, Greece, Cyprus to Discuss Regional Security
Israeli Prime Minister Benjamin Netanyahu participates in the state memorial ceremony for the fallen of the Iron Swords War on Mount Herzl, Jerusalem on Oct. 16, 2025. Photo: Alex Kolomoisky/POOL/Pool via REUTERS
i24 News – Jerusalem will host a trilateral summit tomorrow, bringing together leaders from Israel, Greece, and Cyprus to discuss strengthening security cooperation in the eastern Mediterranean.
The summit follows reports by Amichai Stein of i24NEWS last week that the three countries are considering the formation of a joint rapid-response military unit.
The Israeli Prime Minister is scheduled to hold bilateral meetings with each of his counterparts before convening the full trilateral session, which will conclude with a joint press statement outlining the summit’s outcomes.
Media reports indicate that the initiative is driven in part by concerns in Athens over Turkey’s growing military activity in the region. The proposed rapid-response force is expected to enhance coordination, readiness, and overall security among the three allies.
Analysts say the meeting could solidify Israel, Greece, and Cyprus’s strategic partnership and signal a more unified approach to regional defense challenges.
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Justice Department Restores Trump Photo to Public Database of Epstein Files
An exterior image from the U.S. Virgin Islands property on Little St. James once owned by Jeffrey Epstein. via U.S. Justice Department
A photo of US President Donald Trump that had been removed from the cache of Jeffrey Epstein files released by the Department of Justice was restored on Sunday after officials determined none of Epstein’s victims were in the image, the department said.
The photo showing a desk with an open drawer containing a photo of Trump with various women was flagged by the Southern District of New York for review to protect potential victims.
“After the review, it was determined there is no evidence that any Epstein victims are depicted in the photograph, and it has been reposted without any alteration or redaction,” the Justice Department said on X on Sunday.
Deputy Attorney General Todd Blanche said earlier on Sunday his office removed the photo because of concerns about women in the photo. “It has nothing to do with President Trump,” Blanche said during a Sunday morning appearance on NBC’s “Meet the Press with Kristen Welker.”
The Justice Department released thousands of documents on Friday related to Jeffrey Epstein, a convicted sex offender who committed suicide in 2019. But it has drawn criticism, including from some Republicans, over extensive redactions and few documents mentioning Trump despite his well-publicized friendship with Epstein.
During an ABC News interview on Sunday, Democratic House Minority Leader Hakeem Jeffries called for a “full and complete investigation as to why the document production has fallen short of what the law clearly required.”
Up to 16 photos, including the desk drawer Trump image, were removed on Saturday from the Justice Department website, according to The New York Times, NPR and the Associated Press, although Reuters could not independently confirm the removals.
The Justice Department said on Sunday it acted with an abundance of caution after receiving requests from alleged victims and their lawyers to remove information.
Trump has not been accused of wrongdoing and has denied knowing about Epstein’s crimes.
