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.

Israel strikes ammunition depot of Hizbollah in Syria

The strikes have increased since Israel's war with Palestinian group Hamas, a Hizbollah ally, began on October 7. (AFP)
  • The Syrian Observatory for Human Rights said the latest strikes near the capital Damascus Tuesday had destroyed weapons and ammunition
  • The Britain-based Observatory said it was the second such strike in two days, coming after raids on Sunday hit another Hizbollah weapons depot

Beirut, Lebanon – Israeli raids hit warehouses storing weapons for the Lebanese Hizbollah group in Syria Tuesday, a war monitor said, as a Syrian military source said air defenses had intercepted several missiles.

Israel has launched hundreds of air strikes in Syria since civil war broke out in 2011, targeting Iran-backed forces including Hizbollah as well as Syrian army positions.

The strikes have increased since Israel’s war with Palestinian group Hamas, a Hizbollah ally, began on October 7.

The Syrian Observatory for Human Rights said the latest strikes near the capital Damascus Tuesday had destroyed weapons and ammunition, causing secondary explosions and fires.

A military source quoted by Syrian state media said Israeli “air aggression” had targeted several military positions near Damascus.

“Our air defences took action and shot down several missiles,” the source added.

The Britain-based Observatory said it was the second such strike in two days, coming after raids on Sunday hit another Hizbollah weapons depot and a separate site near Damascus.

Earlier this month, an Israeli strike reportedly killed an Iranian Revolutionary Guard and two other people in Banias on Syria’s Mediterranean coast.

The Israeli army said last week it had hit about 4,500 Hizbollah targets in Lebanon and Syria over the past five months.

Israel rarely comments on individual strikes but has repeatedly said it will not allow Iran to expand its presence in Syria.