From the Liveblog of
Friday, May 23, 2025
IDF says airstrikes last night in Gaza City targeted currency exchange company funding Hamas, PIJ
Emanuel (Mannie) Fabian is The Times of Israel's military correspondent
An Israeli airstrike last night in Gaza City targeted the offices of a currency exchange company, which the IDF says was funding the military wings of Hamas and the Palestinian Islamic Jihad.
“Al-Cairo” had changed its name from “Dubai” in 2022, after the company was declared by the defense minister to be “aiding terror organizations due to its involvement in transferring funds to such groups,” the military says.
The IDF says the offices targeted last night were used in recent years to funnel millions of dollars to Hamas and Islamic Jihad for the terror groups’ military activity.
“Throughout the war, the workers of the currency exchange office continued to aid and fund the activity of Hamas terrorists and transferred millions of dollars to operatives of Hamas’s military wing for military activity purposes, thereby enabling the continuation of Hamas’s terror activity,” the IDF says.
In August 2024, the IDF says it killed one of the employees of the company, Tahseen Al-Nadiyya, over his involvement in funding Hamas.
The Times of Israel Community.