INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

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.