Five Israeli divisions maneuver inside Gaza as IDF strikes terror financing hub

Operation Gideon’s Chariots intensifies as Israeli forces target Hamas and Islamic Jihad infrastructure; airstrike hits Gaza money exchange used to funnel millions to terrorist groups, military says; sirens sound around border region

Yoav Zitun, Elisha Ben Kimon, Roni Green Shaulov|
The IDF said Friday evening that five divisions are currently maneuvering across the Gaza Strip as part of Operation Gideon’s Chariots, marking a significant escalation in ground operations.
The announcement came hours after rocket sirens were triggered in the Nir Am firing range and in the community of Mefalsim, both near the Gaza border. The IDF later confirmed that the Air Force had intercepted one rocket launched from Gaza. Another alert sounded in Nir Am less than two hours later, but determined to be a false alarm.
IDF forces operating throughout the Gaza Strip
(Video: IDF)
In a statement, the IDF said the operation aims to maintain pressure on Hamas and Palestinian Islamic Jihad (PIJ) amid ongoing hostilities. The army also revealed it had carried out an airstrike on the Al-Qahira currency exchange office in Gaza City, which it said has played a key role in financing terrorist activity in the enclave.
Get the Ynetnews app on your smartphone: Google Play: https://bit.ly/4eJ37pE | Apple App Store: https://bit.ly/3ZL7iNv
The military spokesperson said Al-Qahira — formerly known as “Dubai” until it was blacklisted by then-defense minister Benny Gantz in 2022 — has served for years as a conduit for tens of millions of dollars used to fund Hamas and PIJ's armed wings. Despite being targeted previously, the office continued to transfer large sums over the course of the war.
1 View gallery
פעילות כוחות צה"ל ברצועת עזה
פעילות כוחות צה"ל ברצועת עזה
IDF forces operating throughout the Gaza Strip
(Photo: IDF)
According to the IDF, in August 2024, one of the exchange’s employees, Tahsin Al-Naddim, was killed after being directly linked to terror financing. Even after his death, the office reportedly maintained its operations in support of armed groups in Gaza.
In a separate development, the IDF said it completed a large-scale military exercise this week to enhance its readiness on the home front. The drill simulated emergency scenarios and tested coordination among branches of the military to improve response speed and resilience in real-time crises.
<< Follow Ynetnews on Facebook | Twitter | Instagram | Telegram >>
Comments
The commenter agrees to the privacy policy of Ynet News and agrees not to submit comments that violate the terms of use, including incitement, libel and expressions that exceed the accepted norms of freedom of speech.
""