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 town south of Damascus: Syrian state media

FOR REPRESENTATION PURPOSE ONLY. (AFP)
  • This is the second Israeli aerial strike on Syria this month, after the Jewish state targeted anti-aircraft batteries on February 9
  • "The shelling targeted a regime military post," Rami Abdel Rahman, who heads the Syrian Observatory for Human Rights, told AFP

Israeli shelling struck a town south of Damascus on Wednesday evening, causing material damage, according to Syrian state media.

This is the second Israeli aerial strike on Syria this month, after the Jewish state targeted anti-aircraft batteries on February 9 in response to a missile fired from Syria.

“The Israeli enemy carried out a strike with several surface-to-surface missiles” from the Israeli-annexed Golan Heights, targeting the town of Zakiya at around 11:35 pm (21:35 GMT), SANA said, citing a military source.

A war monitor said the target of Wednesday’s shelling was a Syrian army post.

“The shelling targeted a regime military post,” Rami Abdel Rahman, who heads the Syrian Observatory for Human Rights, told AFP.

The UK-based monitor relies on a wide network of sources inside Syria.

Since civil war broke out in Syria in 2011, Israel has carried out hundreds of air strikes, targeting government positions as well as Iran-backed forces and fighters of the Shiite militant movement Hezbollah.

Israel has repeatedly said it seeks to prevent its arch foe Iran from extending a footprint in Syria.