Israel’s dangerous missile interceptor enters service

April 3, 2017

Hatzor (Israel), Apr 3: Prime Minister Benjamin Netanyahu said on Sunday the latest addition to Israel’s missile defenses meant that those seeking to destroy the Jewish state would be endangering their own existence.

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He was speaking at a formal ceremony to hand the “David’s Sling” system from its developers over to its Israeli air force operators.

The medium-range interceptor, developed with US backing, is designed to fill the gap between the longer-range Arrow missile defense system and the shorter-range Iron Dome interceptor.

Together, said Netanyahu, they would “protect Israel, our citizens, our cities.”

“Whoever seeks to strike us will be struck, whoever threatens our existence will place his own existence in jeopardy,” he said in a speech at the commissioning ceremony, at Hatzor air force base in central Israel.

David’s Sling was developed by Israel’s Rafael Advanced Defense Systems and US company Raytheon.

The Jewish state lists several aerial threats, some on its borders and others, such as Iran, far beyond.

One is Lebanon’s Hezbollah, with which it fought a war in 2006.

The Israeli military believes Hezbollah today has between 100,000 and 120,000 short- and medium-range missiles and rockets, as well as several hundred long-range missiles, with the medium-range missiles capable of reaching Tel Aviv.

Also, last month Israeli warplanes struck several targets in neighboring Syria, drawing retaliatory missile fire, in the most serious incident between the two countries since the start of the Syrian civil war in 2011.

Israel used its Arrow interceptor to destroy what was believed to have been a Russian-made SA 5 missile and Israeli Defense Minister Avigdor Lieberman threatened to destroy Syria’s air defense systems “without the slightest hesitation” if it happened again.

Israel has sought to avoid being dragged into the Syrian conflict, but has carried out strikes there to stop what it says are advanced weapons deliveries to Hezbollah.

Missiles and rockets are also periodically fired at Israel from the adjacent Gaza Strip, generally by hard-line radical groups opposed to the Palestinian territory’s Hamas rulers.

But Israel holds Hamas responsible for all rocket fire from Gaza regardless of who carried it out and routinely strikes Hamas installations in response.

Netanyahu’s strongest words were reserved for Iran, which he says seeks to “destroy the state of the Jews” and has ambitions to build nuclear weapons.

Iran says its nuclear program is for peaceful purposes only.

US President Donald Trump slapped fresh sanctions against Tehran’s weapons procurement network following a ballistic missile test on Jan. 29.

Iranian officials say the missile program is purely defensive.

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May 12,2020

Riyadh, May 12: Saudi Arabia will impose a full-day lockdown and curfew across the Kingdom during the upcoming Eid holidays from May 23 until May 27, according to the Kingdom’s Interior Ministry.

Details are awaited

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News Network
April 11,2020

Dubai, Apr 11: The UAE has conducted over 49,000 Covid-19 tests among UAE citizens and residents, it was revealed on Friday, using state-of-the-art technology in line with the 's plans to intensify virus screening in order to bring the disease under control.

The accelerated investigative measures helped detect 370 new coronavirus cases among various nationalities, all of whom are in a stable condition and receiving the necessary care.

This took the total number of infections in the country to 3,360, according to a MoHaP statement.

The Ministry also revealed the death of two patients suffering from Covid-19. Both of the deceased were Asian nationals and had pre-existing chronic illnesses. The total number of deaths has now reached 16.

The Ministry expressed its sincere condolences to the families of the deceased and wished a speedy recovery to all patients, calling on the public to cooperate with health authorities and comply with all precautionary measures, particularly social distancing protocols, to ensure the safety and protection of the public.

The Ministry also announced the full recovery of 150 new cases after receiving the necessary treatment, taking to 418 the total of those now recovered from the virus in the UAE.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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