Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Iran fires first ship-based long-range ballistic missiles

The launch from the Shahid Mahdavi during naval manoeuvres involved firing two ballistic missiles capable of striking targets up to 1,700 kilometres (1,050 miles) away.
  • The Iranian military exercises come at a time of regional tensions since the outbreak of the Israel-Hamas war on October 7.
  • Iran does not recognize Israel and has long fought a shadow war of killings and sabotage against it.

TEHRAN, IRAN – Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Tuesday it has launched long-range ballistic missiles from a warship for the first time.

The launch from the Shahid Mahdavi during naval maneuvers involved firing two ballistic missiles capable of striking targets up to 1,700 kilometerees (1,050 miles) away.

“The IRGC for the first time has fired ballistic missiles in the Gulf of Oman,” state television reported.

“The firing of a long-range ballistic missile from the warship was successfully carried out,” IRGC chief Hossein Salami said.

Separately, in central Iran, the IRGC simulated a surface-to-surface ballistic missile attack on Israel’s Palmachim airbase south of Tel Aviv, state television reported.

It said Palmachim was the “main base for F-35 fighter jets” in Israel.

The Iranian military exercises come at a time of soaring regional tensions since the outbreak of the Israel-Hamas war on October 7.

The Islamic republic does not recognize Israel and has long fought a shadow war of killings and sabotage against it.

Tehran has made support for the Palestinian cause a centrepiece of its foreign policy since the 1979 Islamic revolution.

Western governments have repeatedly voiced concerns over Iran’s missile program.