Search Site

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Three wounded in Israeli strikes in east Lebanon

Smoke billows from the area of an Israeli air strike on the southern Lebanese village of Khiam near the border with Israel on March 23, 2024, amid ongoing cross-border tensions as fighting continues between Israel and Hamas in the Gaza Strip. (AFP)
  • The Israeli military said in a statement fighter jets "struck a Hizbollah manufacturing site"
  • At least 323 people have been killed in Lebanon, most of them Hizbollah fighters

Bekaa Valley, Lebanon– Three people were wounded by Israeli air strikes on Lebanon’s eastern city of Baalbek overnight, one of which hit a two-storey building, an AFP correspondent said early Sunday.

The city is a stronghold of the Hamas ally Hizbollah and it was the third time the area had been hit in more than five months of fighting between Israel and the Iran-backed Lebanese movement.

The Israeli military said in a statement fighter jets “struck a Hizbollah manufacturing site containing weapons in the area of Baalbek”.

The AFP correspondent said the Israeli strikes targeted a Hizbollah center that had been deserted for some time, wounding three residents in nearby buildings.

“The Israeli air force fired five missiles at a two-storey inhabited building in al-Osseira, on the outskirts of Baalbeck,” he said.

Governor Bashir Khodr said on social media platform X that three people had been wounded.

The Israeli military also said “approximately 50 launches were identified from Lebanon toward northern Israel, a number of launches were intercepted while the rest fell in open areas”.

Hizbollah said it fired “more than 60 Katyusha-type rockets” at two Israeli military positions in the occupied Golan Heights in retaliation for the earlier strikes by Israel.

Israel has been launching air strikes deeper and deeper into Lebanese territory for several weeks against Hizbollah positions, heightening the threat of open warfare and an expansion of the conflict in Gaza.

However, the strike at al-Osseira, some 100 kilometers (62 miles) from the Israeli-Lebanese border, ended a period of relative calm that had lasted around 10 days.

Hizbollah began launching near-daily attacks against Israeli military positions on October 8 in support of its Palestinian ally Hamas in Gaza and said on Saturday it had carried out several more strikes.

It says it will only end its attacks on Israel if there is a ceasefire in Gaza.

At least 323 people have been killed in Lebanon, most of them Hizbollah fighters, but also at least 56 civilians, according to an AFP count.

The constant exchange of fire, which was initially confined to areas close to the border, also displaced thousands of people in southern Lebanon and in northern Israel.

At least 10 Israeli soldiers and seven civilians have been killed in northern Israel, according to the military.

Israeli Defense Minister Yoav Gallant warned in February that a possible truce in Gaza would not affect Israel’s “objective” of pushing Hizbollah back from its northern border, by force or diplomacy.