This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

Israel strikes ammunition depot of Hizbollah in Syria

  • 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.