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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

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

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

Israel strikes suspected Hamas military sites in Gaza, injuring 2

Palestinians are blocked by Israeli security forces as they try to stop the demolition of their home in the West Bank. AFP File.
  • The incident coincides with the final day of military drills by armed factions in Gaza.
  • Since a fragile ceasefire came into force in late May, only five rockets or mortar rounds have been fired from Gaza towards Israeli territory.

Israel shelled suspected Hamas military sites in Gaza Wednesday after gunfire from the Palestinian enclave wounded an Israeli civilian, security sources in Gaza said.
Two Palestinian farmers were wounded by the Israeli artillery fire which targeted four suspected sites used by Hamas military wing the al-Qassam Brigades, the sources told AFP.
The incident coincides with the final day of military drills by armed factions in Gaza.
According to a statement from the Israeli military, tanks targeted several Hamas military posts in northern Gaza, after an Israeli civilian was wounded by gunfire near the barrier separating the enclave from Israel.
Conflict erupted between Israel and Hamas for 11 days in May, marking the fourth time major hostilities had broken out since the Islamist group seized power in Gaza in 2007.
Since a fragile ceasefire came into force in late May, only five rockets or mortar rounds have been fired from Gaza towards Israeli territory, the military said in its annual report.