Terrorists operating out of the Egyptian Sinai fired at least one Grad missile into the southern Israel resort town of Eilat early Thursday morning. The missile landed in a residential neighborhood, but miraculously did not cause any injuries or damage.

Local residents reported hearing three explosions at the time of the attack, but so far security forces have only found the remains of one missile.

Prime Minister Benjamin Netanyahu warned that the Sinai is increasingly becoming a base for terrorist activity following the takeover of the Muslim Brotherhood and other radical Islamic groups in Egypt.

"Why do the nations rage, and the people plot [conspire] a vain thing?
... the rulers take counsel together against the Lord and against His Anointed, saying,  'Let us break Their bonds in pieces and cast away their cords from us.'  He who sits in the heavens shall laugh... and distress them in His deep displeasure.... [But] blessed are all those who put their trust in Him." Psalm 2:1-12