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Revolutionary Guards

Iran merging military-linked banks to stabilize sector

DUBAI: Iran is merging four military-linked banks and another financial institution with the country’s oldest bank to boost efficiency and help stabilize the sector, the central bank said on Saturday. Many Iranian banks are under pressure because of years of poor management and economic difficulties, caused by decades of international sanctions and the re-imposition of US sanctions last year. The merger would create “a stable and more efficient single bank to provide better services to the families of the armed forces…

Bid by ‘enemies’ to sabotage missiles foiled: Iran Guards

TEHRAN: The Revolutionary Guards on Sunday accused "enemies" of Iran of trying to sabotage the country's missiles so that they would "explode mid-air" but said the bid was foiled. "They tried as best as they could to sabotage a small part which we import so that our missiles would not reach their target and explode mid-air," Fars news agency reported, quoting the Guards' aerospace commander Amir Ali Hajizadeh. "But they couldn't do a damn thing because we had seen this coming from the start and had reinforced this…

Iran Revolutionary Guards threaten to avenge military parade attack

DUBAI: Iran’s Revolutionary Guards vowed on Sunday to wreak “deadly and unforgettable” vengeance for a shooting attack on a military parade that killed 25 people, including 12 of their comrades, and Tehran accused Gulf Arab states of backing the gunmen. Saturday’s assault, one of the worst ever against the elite force of the Islamic Republic, struck a blow at its security establishment. “Considering (the Guards’) full knowledge about the centers of deployment of the criminal terrorists’ leaders..., they will face a…

Iran says three Revolutionary Guards dead, 16 Daesh suspects arrested

TEHRAN: Iran's elite Revolutionary Guards force said three of its soldiers were killed and 16 Daesh militants arrested in clashes Saturday in the south of the country. Its Sepahnews website, citing General Mohammad Pakpour — the head of the Guards' land forces — said, "16 members of the terrorist group were arrested and several of them killed", as well as three Guards in the clashes in Fars province. "The terrorists wanted to carry out attacks on border towns and in the centre of the country," he said. Sepahnews…

Iran’s Revolutionary Guards arrest more dual nationals

LONDON: Iran’s Revolutionary Guards have arrested at least 30 dual nationals during the past two years, mostly on spying charges, according to lawyers, diplomats and relatives, twice as many as earlier reported by local or international media. The number marks a sharp rise since 2015, when an international nuclear deal raised hopes of detente with the West. In the years before that the number of dual nationals detained at any given time was in single figures. It also points up a new trend as a majority of those…

Iran unveils maritime ‘suicide drone’

TEHRAN: Iran's elite Revolutionary Guards said on Wednesday they had developed a "suicide drone" capable of delivering explosives to blow up targets at sea and on land. The new drone is primarily for maritime surveillance and "has not been designed to be armed with missiles," the Tasnim news agency, which is close to the Guards, reported. "(But) it can carry heavy payloads of explosives for combat missions to launch suicide attacks. "Flying at a high cruising speed near the surface of the water, the aircraft can collide…