INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Strong earthquake shakes southern Iran, killing five

The debris of buildings in the Iranian village of Varnakesh. (AFP File Photo)
  • Situated on the edge of several tectonic plates and crossing various fault lines, Iran is an area of strong seismic activity
  • Hormozgan governor said most of the damage occurred in the village of Sayeh Khost, close to the epicenter
At least five people were killed and 19 injured when a strong earthquake shook southern Iran early Saturday, the state news agency IRNA reported. 

 

The 6.0 magnitude quake hit 100 kilometers (60 miles) southwest of the port city of Bandar Abbas in Hormozgan province, the US Geological Survey said. The quake struck just a minute after a 5.7 tremor.

Hormozgan governor Mahdi Dosti said the quakes killed five people and injured 19 others, IRNA reported.

Dosti said most of the damage occurred in the village of Sayeh Khost, close to the epicenter.

One person was killed in November last year when Hormozgan province was hit by twin 6.4 and 6.3 magnitude quakes.

Situated on the edge of several tectonic plates and crossing various fault lines, Iran is an area of strong seismic activity.

Iran’s deadliest quake was a 7.4-magnitude tremor that struck in 1990, killing 40,000 people in the north of the country.