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18 January – Israel and Egypt sign an agreement on disengagement following the Yom Kippur War.
1 February – Lillehammer affair: Five Israeli Mossad agents are sentenced in Norway to prison terms for the assassination of Ahmed Bouchiki. The prison terms range from two and a half to five years, although all the agents are eventually released within 22 months and deported back to Israel.
5 March – Israel completes its pullback from the west side of the Suez Canal to the east side of the canal, as agreed upon in the Agreement on Disengagement.
10 March – Golda Meir presents her third government to the Knesset.
1 April – The Agranat Commission publishes its interim report, which calls for the dismissal of the IDF's Chief of Staff Dado Elazar, director of the Israeli Military Intelligence DirectorateEli Zeira and the Chief of the Israeli Southern CommandShmuel Gonen. The interim report states that they were responsible for failure in preparing the army for war, and for the operational and intelligence failures which occurred prior to the Yom Kippur War, which resulted in severe consequences of the war. Nevertheless, the Agranat Commission refuses to give an opinion on the responsibility of the political leadership, Prime Minister Golda Meir and the Minister of Defence Moshe Dayan arguing that this is beyond its scope.
11 April – Kiryat Shmona massacre: Three members of the PFLP-GC cross the Israeli border from Lebanon, enter an apartment building in the town of Kiryat Shmona and kill all eighteen residents there, half of whom are children.[3]
15 May – Ma'alot massacre: Palestinian militants of the Democratic Front for the Liberation of Palestine cross the Israeli border from Lebanon. They attack a van killing two Israeli Arab women, they enter an apartment building in the town of Ma'alot and kill a couple and their 4-year-old son. After that the militant squad take over a local school and hold at 105 students and 10 teachers hostage. The hostage-takers demanded the release of 23 Palestinian militants from Israeli prisons, or they would kill the students. On the second day of the standoff, a unit of the elite Golani Brigade stormed the building. During the takeover the hostage-takers detonated their grenades and shot the children. Ultimately, 25 hostages were killed, including 22 children; 68 more were injured.[4][5]
24–25 June – 1974 Nahariya attack: three Palestinian militant squad infiltrated the coastal city of Nahariya in Israel by sea from Lebanon. During the attack three civilians and one Israeli soldier were killed.
8 September – TWA jet with 88 passengers traveling from Tel Aviv to Athens crashed into the Ionian Sea after PFLP militants detonated a bomb hidden in the baggage compartment, killing all the 79 passengers and 9 crew members on board.
On November 22, 1974, the United Nations General Assembly voted the United Nations General Assembly Resolution 3236 "Recognizing the Palestinian people's right to self-determination, and officializing United Nations contact with the Palestine Liberation Organization and adding the "Question of Palestine" to the U.N. Agenda".
This Resolution "Reaffirms the inalienable rights of the Palestinian people in Palestine, including:
(a) The right to self-determination without external interference;
(b) The right to national independence and sovereignty;
Reaffirms also the inalienable right of the Palestinians to return to their homes and property from which they have been displaced and uprooted, and calls for their return;
Emphasizes that full respect for and the realization of these inalienable rights of the Palestinian people are indispensable for the solution of the question of Palestine;
Recognizes that the Palestinian people is a principal party in the establishment of a just and lasting peace in the Middle East;
Further recognizes the right of the Palestinian people to regain its rights by all means in accordance with the purposes and principles of the Charter of the United Nations;"