Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Israel says it downed Hezbollah drone in its airspace

Unmanned surveillance aircraft have become an integral part of Israel's 15-year-old blockade of Gaza. (A file pic of drone)
  • The Israeli army said it had downed a drone, belonging to the Hezbollah, that ‘crossed from Lebanon into Israeli airspace’
  • The Israeli army ‘will continue to operate in order to prevent any attempt to violate Israeli sovereignty,’ it added

Israel’s army said on Thursday it had shot down a drone sent by Lebanon’s Shiite movement Hezbollah that entered Israeli airspace.

Neighbors Lebanon and Israel are technically in a state of war and drones have become a regular feature of their heavily guarded border.

In January, Israeli security sources claimed that drones captured after being flown across the frontier from Lebanon have provided insight into the growing aerial surveillance capabilities of Hezbollah, an organization backed by Israel’s nemesis Iran.

The Israeli army, in a statement on Thursday, said “troops downed a drone belonging to the Hezbollah terrorist organization that crossed from Lebanon into Israeli airspace.”

The Israeli army “will continue to operate in order to prevent any attempt to violate Israeli sovereignty,” it added.

In July 2006, Hezbollah captured two Israeli soldiers, sparking a 33-day war with Israel that killed 1,200 people in Lebanon, mostly civilians, and 160 Israelis, mostly soldiers.

It ended with a UN-backed ceasefire that saw the Lebanese army deploy along border areas.