An Israeli helicopter transporting hostages released by Hamas preparing to land at the Tel Aviv Sourasky Medical Centre in November 2023. AFP
An Israeli helicopter transporting hostages released by Hamas preparing to land at the Tel Aviv Sourasky Medical Centre in November 2023. AFP
An Israeli helicopter transporting hostages released by Hamas preparing to land at the Tel Aviv Sourasky Medical Centre in November 2023. AFP
An Israeli helicopter transporting hostages released by Hamas preparing to land at the Tel Aviv Sourasky Medical Centre in November 2023. AFP

Israel's 'Entebbe Option': Could Israeli commandos raid Iran?


Robert Tollast
  • English
  • Arabic

Live updates: Follow the latest on Israel-Gaza

As the world awaits a likely Israeli strike on Iran, conflicting reports have emerged about the targets, with two Israeli officials telling The New York Times that nuclear sites could be on the target list, but were not an immediate consideration.

Some experts say Israel would be unable to seriously damage underground Iranian nuclear sites without US support, raising the question of other options – potentially a ground raid to reach the deepest buried targets that could be impervious to bombing.

“The Israelis have the technology. The question is what’s the target?” says James Stejskal, a veteran of US army special forces and the CIA. “We’re told it won’t be oil infrastructure, or nuclear facilities, or military bases, if those reports are to be believed.”

The possibility of a ground raid was reported by Foreign Policy in 2012. If a recent high-risk Israeli raid in Syria is any guide – to strike a hardened underground weapons research site – this could still be on the table.

According to the report, which quotes unnamed Pentagon officials, several hundred elite commandos from the Sayeret Matkal unit would land in Iran in C-130 Hercules aircraft, near Fordow, one of the most heavily guarded underground nuclear sites, penetrating and blowing up the complex and well-protected equipment, such as centrifuges for uranium enrichment.

Iran's Fordow nuclear site has been suggested as a potential target for a ground raid. Maxar via AP
Iran's Fordow nuclear site has been suggested as a potential target for a ground raid. Maxar via AP

Iran has dozens of other sites, spread around the country, where elements of a nuclear weapons programme could be hidden, including efforts to “miniaturise” a warhead to fit it on a ballistic missile.

“Putting boots on the ground would require precision, a lot of assets and advance force assistance – either resistance forces or very special Israeli clandestine units. And overwhelming firepower on the target,” says Mr Stejskal, author of multiple books on special operations.

Israel is believed to have sympathisers within Iran who have assisted high-risk operations, such as a 2018 raid on a warehouse containing secret documents on Iran's nuclear programme, and sabotage at multiple nuclear programme sites.

A US Army MH-47 Chinook helicopter prepares to land during a Special Forces night infiltration and exfiltration training exercise in 2016. Photo: Senior Airman Trevor T McBride
A US Army MH-47 Chinook helicopter prepares to land during a Special Forces night infiltration and exfiltration training exercise in 2016. Photo: Senior Airman Trevor T McBride

“It might be quieter, rather than landing a raiding force, to Halo (High Altitude, Low Opening) parachute in, get picked [up] by helicopters or fixed-wing aircraft at a remote site. It would be very dicey and would require the destruction of all anti-aircraft assets in the area, requiring a large air operation.”

The 2012 report said it was one of several Israeli options, dubbing it the Entebbe Option, after the 1976 commando raid in Uganda to rescue 248 hostages held after a plane hijacking by German extremist group Baader-Meinhof and the Popular Front for the Liberation of Palestine. In that operation, 100 Israeli commandos flew 4,000km in Hercules transport planes, refuelling in Kenya.

Israel currently operates seven C-130J cargo planes, a variant of the aircraft used by US Special Forces that has a range of up to 3,800km, well within the shortest route between Israel and Iran – across Jordan, Syria and Iraq – of 1,000km.

A US C-130 Hercules performs a tactical landing on a dirt strip. Israel operates seven variants of the cargo planes. Photo: US Air Force/Tech Sgt Brian E Christiansen
A US C-130 Hercules performs a tactical landing on a dirt strip. Israel operates seven variants of the cargo planes. Photo: US Air Force/Tech Sgt Brian E Christiansen

The aircraft is famous for being able to land on dirt landing strips or highways, and can carry two Humvee armoured vehicles, taking up about 15,000lb of its 40,000lb payload – and reducing range. Flying low below radar beams also takes up additional fuel, adding further constraints to an already complex mission.

Syria raid

Would such a daring operation be mounted again? Evidence suggests there is some risk appetite after a reported ground raid in Masyaf, Syria, targeting a deeply buried structure in the Syrian Scientific Studies and Research Centre, in September.

US and Israeli officials told multiple news outlets that Shaldag Special Forces had destroyed equipment in an underground laboratory, backed by heavy air strikes on Syrian forces responding to the raid. Reports sounded sensational, but nothing described was unprecedented.

Several famous raids stand out for extreme distance and risk. The National has previously discussed two well-known operations, Operation Rooster 53 and Operation Eagle Claw, but there are several others.

Operation Ivory Coast involved a hand-picked group of US Special Forces attempting to free prisoners at a North Vietnamese camp at Son Tay in 1970, a heavily defended site less than 40km from Hanoi.

The prisoners had been relocated, but not before 116 aircraft had been deployed in the operation, with the helicopter raiding force flying 1,000km, often through mountainous valleys at night, to the target. In 1969’s Operation Rooster 53, Israeli commandos stole a six-tonne Egyptian radar system and flew it back to Israel for examination.

But 1980’s Operation Eagle Claw may be the closest to what an Israeli raid in Iran might look like. US Delta Force commandos flew 1,600km in a force of helicopters and Hercules aircraft – with six of the planes flying from aircraft carriers and an island near Oman.

The plan was to rescue 50 US citizens held by Iranian revolutionaries at the US embassy in Tehran. The planes, flying through sand storms, were to be refuelled in the air and at a rendezvous point, a remote dirt road in central Iran code named Desert One. But the operation was derailed when one of the helicopters crashed into a Hercules.

Blindfolded US hostages and their Iranian captors outside the US embassy in Tehran in 1979. US Army via Reuters
Blindfolded US hostages and their Iranian captors outside the US embassy in Tehran in 1979. US Army via Reuters

More recently, 2003’s Operation Ugly Baby saw US commandos fly 1,600km to Sulaymaniyah, in the northern Kurdish region of Iraq, to link up with friendly Kurdish militia fighters, a low-altitude flight skimming the edges of Iraq, with several aircraft limping to the landing point after being hit.

Eagle Claw might be the best precedent, says Frank Sobchak, a former Special Forces officer and historian at the Modern Warfare Institute at West Point in the US. But he says, the complexity and danger of that operation, despite massive US resources, points to it being an unlikely choice.

“What the gain would be for the risk would really drive the decision to mount a ground raid. If Iran has widely dispersed critical aspects of its nuclear programme, that changes the equation more towards ‘no go',” he says.

Mr Sobchak, who recently wrote Training for Victory: US Special Forces Advisory Efforts from El Salvador to Afghanistan, says even the US would struggle with such an operation.

“A second factor is logistics. There are very few countries that can pull something like Eagle Claw or Ugly Baby over such a distance because of everything that would be required to make it happen. Aerial refuelling tankers, close air support, enough ground forces so they can hold their own, which would need to be sizeable, and accomplish the mission. A base to stage from – bases for planes and helicopters to land if damaged or mechanical issues happen.”

Of the reported 2012 “Entebbe Option”, one US official told Foreign Policy that Israeli forces could potentially find a remote site in Iraq for refuelling.

“With the distances involved, I honestly don't know if they even had enough resources (aerial refuellers) to be able to make a strike package work. And then, if the targets are dispersed over multiple sites, it is low down on the list of likely scenarios.”

Crew on the aircraft carrier USS Nimitz preparing RH-53 Sea Stallion helicopters for Operation Eagle Claw in 1980. USN
Crew on the aircraft carrier USS Nimitz preparing RH-53 Sea Stallion helicopters for Operation Eagle Claw in 1980. USN

In terms of resources, the US has often had multiple support aircraft available for high-risk missions, including dedicated medical evacuation. In 2011’s Operation Neptune Spear – the raid to kill Osama bin Laden in Pakistan – US commandos flew a 400km round trip in stealthy UH-60 Blackhawk helicopters, with a backup helicopter available in case one was lost – which happened when one of the aircraft crashed.

A large force of Pakistani soldiers was stationed near the raid site and it later emerged that Pakistani aircraft fired on the raiding force as they returned to a US base in Afghanistan.

“The US is able to make it happen because we just have so many resources, especially in the logistical department of transports and aerial refuellers and air bases – or mobile ones – such as aircraft carriers,” Mr Sobchak says.

The years Ramadan fell in May

1987

1954

1921

1888

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
War and the virus
The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Know your Camel lingo

The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home

Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless

Asayel camels - sleek, short-haired hound-like racers

Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s

Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival

BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Borussia Dortmund v Paderborn (11.30pm)

Saturday 

Bayer Leverkusen v SC Freiburg (6.30pm)

Werder Bremen v Schalke (6.30pm)

Union Berlin v Borussia Monchengladbach (6.30pm)

Eintracht Frankfurt v Wolfsburg (6.30pm)

Fortuna Dusseldof v  Bayern Munich (6.30pm)

RB Leipzig v Cologne (9.30pm)

Sunday

Augsburg v Hertha Berlin (6.30pm)

Hoffenheim v Mainz (9pm)

 

 

 

 

 

The years Ramadan fell in May

1987

1954

1921

1888

The specs

Engine: Two permanent-magnet synchronous AC motors

Transmission: two-speed

Power: 671hp

Torque: 849Nm

Range: 456km

Price: from Dh437,900 

On sale: now

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Company profile

Name: Oulo.com

Founder: Kamal Nazha

Based: Dubai

Founded: 2020

Number of employees: 5

Sector: Technology

Funding: $450,000

THE SPECS

Engine: 1.5-litre, four-cylinder turbo

Transmission: seven-speed dual clutch automatic

Power: 169bhp

Torque: 250Nm

Price: Dh54,500

On sale: now

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

The Dark Blue Winter Overcoat & Other Stories From the North
Edited and Introduced by Sjón and Ted Hodgkinson
Pushkin Press 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

The%20Genius%20of%20Their%20Age
%3Cp%3EAuthor%3A%20S%20Frederick%20Starr%3Cbr%3EPublisher%3A%20Oxford%20University%20Press%3Cbr%3EPages%3A%20290%3Cbr%3EAvailable%3A%20January%2024%3C%2Fp%3E%0A
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP%204
%3Cp%3E%3Cstrong%3EDisplay%3A%20%3C%2Fstrong%3EMain%20%E2%80%93%206.7%22%20FHD%20Dynamic%20Amoled%202X%2C%202640%20x%201080%2C%2022%3A9%2C%20425ppi%2C%20HDR10%2B%2C%20up%20to%20120Hz%3B%20cover%20%E2%80%93%201.9%22%20Super%20Amoled%2C%20512%20x%20260%2C%20302ppi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Qualcomm%20Snapdragon%208%2B%20Gen%201%2C%204nm%2C%20octa-core%3B%20Adreno%20730%20GPU%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20Android%2012%2C%20One%20UI%204.1.1%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2012MP%20ultra-wide%20(f%2F2.2)%20%2B%2012MP%20wide%20(f%2F1.8)%2C%20OIS%2C%20portrait%2C%20super%20slo-mo%2C%20hyperlapse%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%204K%4030%2F60fps%2C%20full-HD%4030%2F60fps%2C%20HD%4030fps%3B%20slo-mo%40240%2F960fps%3B%20HDR10%2B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2010MP%20(f%2F2.4)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%203700mAh%2C%2025W%20fast%20charging%2C%2015W%20wireless%20charging%2C%20reverse%20wireless%20charging%2C%20'all-day'%20life%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%205G%3B%20Wi-Fi%2C%20Bluetooth%205.2%2C%20NFC%20(Samsung%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Nano-SIM%20%2B%20eSIM%3B%20no%20microSD%20slot%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Bora%20purple%2C%20graphite%2C%20pink%20gold%2C%20blue%3B%20Bespoke%20Edition%20in%20select%20countries%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Flip%204%2C%20USB-C-to-USB-C%20cable%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Dh3%2C799%20%2F%20Dh3%2C999%20%2F%20Dh4%2C449%3C%2Fp%3E%0A
Stage result

1. Pascal Ackermann (GER) Bora-Hansgrohe, in 3:29.09

2. Caleb Ewan (AUS) Lotto-Soudal

3. Rudy Barbier (FRA) Israel Start-Up Nation

4. Dylan Groenewegen (NED) Jumbo-Visma

5. Luka Mezgec (SLO) Mitchelton-Scott

6. Alberto Dainese (ITA) Sunweb

7. Jakub Mareczko (ITA) CCC

8. Max Walscheid (GER) NTT

9. José Rojas (ESP) Movistar

10. Andrea Vendrame (ITA) Ag2r La Mondiale, all at same time

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Company profile

Name: Back to Games and Boardgame Space

Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)

Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)

Based: Dubai and Abu Dhabi 

Industry: Back to Games (retail); Boardgame Space (wholesale and distribution) 

Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space  

Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.5-litre%20V12%20and%20three%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C015hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C500Nm%20(estimate)%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Eight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Early%202024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh2%20million%20(estimate)%3C%2Fp%3E%0A
Results

Male 51kg Round 1

Dias Karmanov (KAZ) beat Mabrook Rasea (YEM) by points 2-1.

Male 54kg Round 1

Yelaman Sayassatov (KAZ) beat Chen Huang (TPE) TKO Round 1; Huynh Hoang Phi (VIE) beat Fahad Anakkayi (IND) RSC Round 2; ​​​​​​​Qais Al Jamal (JOR) beat Man Long Ng (MAC) by points 3-0; ​​​​​​​Ayad Albadr (IRQ) beat Yashar Yazdani (IRI) by points 2-1.

Male 57kg Round 1

Natthawat Suzikong (THA) beat Abdallah Ondash (LBN) by points 3-0; Almaz Sarsembekov (KAZ) beat Ahmed Al Jubainawi (IRQ) by points 2-1; Hamed Almatari (YEM) beat Nasser Al Rugheeb (KUW) by points 3-0; Zakaria El Jamari (UAE) beat Yu Xi Chen (TPE) by points 3-0.

Men 86kg Round 1

Ahmad Bahman (UAE) beat Mohammad Al Khatib (PAL) by points 2-1

​​​​​​​Men 63.5kg Round 1

Noureddin Samir (UAE) beat Polash Chakma (BAN) RSC Round 1.

Female 45kg quarter finals

Narges Mohammadpour (IRI) beat Yuen Wai Chan (HKG) by points.

Female 48kg quarter finals

Szi Ki Wong (HKG) beat Dimple Vaishnav (IND) RSC round 2; Thanawan Thongduang (THA) beat Nastaran Soori (IRI) by points; Shabnam Hussain Zada (AFG) beat Tzu Ching Lin (TPE) by points.

Female 57kg quarter finals

Nguyen Thi Nguyet (VIE) beat Anisha Shetty (IND) by points 2-1; Areeya Sahot (THA) beat Dana Al Mayyal (KUW) RSC Round 1; Sara Idriss (LBN) beat Ching Yee Tsang (HKG) by points 3-0.

Results
%3Cp%3E%3Cstrong%3EStage%207%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Adam%20Yates%20(GBR)%20UAE%20Team%20Emirates%20%E2%80%93%203hrs%2029min%2042ses%3Cbr%3E2.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%20%E2%80%93%2010sec%3Cbr%3E3.%20Geoffrey%20Bouchard%20(FRA)%20AG2R%20Citroen%20Team%20%E2%80%93%2042sec%3Cbr%3E%3Cstrong%3EGeneral%20Classification%3A%3C%2Fstrong%3E%3Cbr%3E1.%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3E2.%20Lucas%20Plapp%20(AUS)%20Ineos%20Grenaders%20%E2%80%93%2059se%3Cbr%3E3.%20Adam%20Yates%20(GBR)%20UAE%20Team%20Emirates%20%E2%80%9360sec%3Cbr%3ERed%20Jersey%20(General%20Classification)%3A%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3EGreen%20Jersey%20(Points%20Classification)%3A%20Tim%20Merlier%20(BEL)%20Soudal%20Quick-Step%3Cbr%3EWhite%20Jersey%20(Young%20Rider%20Classification)%3A%20Remco%20Evenepoel%20(BEL)%20Soudal%20Quick-Step%3Cbr%3EBlack%20Jersey%20(Intermediate%20Sprint%20Classification)%3A%20Edward%20Planckaert%20(FRA)%20Alpecin-Deceuninck%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets

Profile of Foodics

Founders: Ahmad AlZaini and Mosab AlOthmani

Based: Riyadh

Sector: Software

Employees: 150

Amount raised: $8m through seed and Series A - Series B raise ongoing

Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.

UAE currency: the story behind the money in your pockets
What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

Updated: October 17, 2024, 9:28 AM`