The story supposedly said that there was a cell of 30 young Jews who are being incited by rabbis to carry out suicide bombings against Arabs in the West Bank. The story said that the Shin Bet warned about these impending attacks but didn't want to do anything about them because of political considerations.
The stgory goes on to say that those responsible for these attacks are rabbis and religious extremists in Jerusalem and the West who sow hatred among young religious Jews against Arabs and Palestinians and therefore try to persuade them to follow the methods of Palestinian terrorists.
Needless to say, no such story can be found on the Channel One website, or anywhere else. And if it was a real story it would be in the front pages of Israeli newspapers - secular and religious -within hours.
It is rare that Arabic stories are completely made up, so maybe there was a Purim spoof or something that someone read.Or it is just an extreme case of Arab projection.
I did once find an Arab political cartoon of a Jew with a suicide bomb belt shaped like minarets to show how Jews like to attack mosques, apparently.