Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

US, France call to ‘avoid escalation in Lebanon and Iran’

French President Emmanuel Macron earlier called on Israel to avoid escalation, "particularly in Lebanon." (AFP)
  • The US diplomat Antony Blinken and France's foreign minister Catherine Colonna discussed the situation in Lebanon and Iran
  • The two top diplomats "discussed the importance of measures to prevent the conflict in Gaza from expanding.

Washington, United States – US Secretary of State Antony Blinken and French Foreign Minister Catherine Colonna agreed to seek steps to avoid a wider Middle East war following strikes in Lebanon and Iran, the State Department said on Thursday.

In a telephone call the day before, the two top diplomats “discussed the importance of measures to prevent the conflict in Gaza from expanding, including affirmative steps to de-escalate tensions in the West Bank and to avoid escalation in Lebanon and Iran,” State Department spokesman Matthew Miller said.

The phone call comes ahead of another Middle East trip by Blinken, his fourth since Hamas fighters infiltrated Israel and carried out a major attack on October 7, triggering massive Israeli retaliation in the Gaza Strip.

French President Emmanuel Macron earlier called on Israel to avoid escalation, “particularly in Lebanon,” where Israel was suspected of carrying out a strike on Tuesday that killed a senior Hamas leader.

The United States said it did not have advance knowledge of the strike in Lebanon but described slain Hamas number two Saleh al-Aruri as a “brutal terrorist.”

In Iran, which backs Hamas, twin blasts on Wednesday killed at least 84 people as they mourned Revolutionary Guard General Qasem Soleimani, who was killed four years earlier in a targeted US strike.

A US official said that the attack bore the hallmarks of the Islamic State extremist group, which is strongly opposed by Shiite-majority Iran, and denied any role by the United States or Israel.