Search Site

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.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Yemen Houthis claim responsibility for drone attack on Tel Aviv

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
  • Israeli emergency services say the explosion left one person dead and up to 10 lightly injured
  • The US intercepted a ballistic missile and three drones launched by the Houthis at Israel on Friday night

Tel Aviv, Israel – Yemen’s Iran-backed Houthi rebels on Friday claimed responsibility for a drone attack on the Israeli city of Tel Aviv, where police said one person was found dead.

A statement from the rebels, who have carried out dozens of attacks against Red Sea shipping in what they say is an act of solidarity with Palestinians during the Gaza war, said their “UAV force” attacked “one of the important targets in the occupied Jaffa region, what is now called Israeli Tel Aviv.”

Israeli emergency services say the explosion left one person dead and up to 10 lightly injured.

Yemen’s Houthi militants, which are backed by Iran, announced on social media that they would reveal details about a military operation that had targeted Tel Aviv, The BBC reported.

According to the Saudi-owned Al-Arabiya/al-Hadath channel, the United States intercepted a ballistic missile and three drones launched by the Houthis at Israel on Friday night, but the fourth managed to hit Tel Aviv.

The incident also came after the Israeli military confirmed it had killed a senior commander of the Hezbollah militia in southern Lebanon.

Hezbollah and Israel have traded fire acros the border since Israel invaded the Gaza Strip after the attack by Hamas last October.