Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Houthis launch fresh drone, missile attacks from Yemen: US

Yemenis brandish rifles and wave Palestinian flags during a march in the Huthi-run capital Sanaa in solidarity with the people of Gaza on May 31, 2024. AFP
  • US Central Command (CENTCOM) said it intercepted four drones launched by the Houthis - three over the Red Sea and another over the Gulf of Aden - while a fifth drone crashed
  • The Houthis also launched two anti-ship ballistic missiles, according to CENTCOM, which said no injuries or damage were reported from US, coalition or commercial ships

Dubai, United Arab EmiratesYemen’s Iran-backed Houthis launched several drones and two ballistic missiles on Friday, the US military said, after deadly overnight strikes by American and British forces prompted retaliatory threats from the rebels.

US Central Command (CENTCOM) said it intercepted four drones launched by the Houthis – three over the Red Sea and another over the Gulf of Aden – while a fifth drone crashed.

The Houthis also launched two anti-ship ballistic missiles, according to CENTCOM, which said no injuries or damage were reported from US, coalition or commercial ships.

Earlier on Friday, the Houthis had threatened to step up their attacks on Red Sea shipping after overnight strikes by the United States and Britain that the rebels said killed 16 people.

The toll announced by the Houthis, which AFP could not independently verify, would make the strikes some of the deadliest since the United States and Britain launched a campaign against the disruption of the vital trade route in January.

The rebels, who control much of Yemen, have carried out dozens of drone and missile attacks on ships since November, claiming solidarity with Palestinians over the Israel-Hamas war.

The Houthi attacks have forced commercial vessels to divert from the shipping route, which normally carries about 12 percent of global trade.