INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Israel bombs southern Lebanon again hours after killing 11 in deadly strikes

  • Lebanese Prime Minister Nawaf Salam said those killed in Ansar were not military infrastructure or legitimate military targets.
  • Hezbollah said the attacks would be "met with what they deserve".

Israeli airstrikes hit southern Lebanon again on Sunday, hours after killing at least 11 people in some of the deadliest attacks since the US-mediated ceasefire framework was agreed with Israel.

Lebanon’s National News Agency said seven people were killed when Israeli warplanes struck a house in Ansar, including three children and two women. Four others were killed in a strike on Deir El Zahrani.

The attacks wounded 19 people, NNA reported.

The Israeli military said it had struck Hezbollah infrastructure in southern Lebanon in response to actions against Israeli soldiers.

Hezbollah said the attacks would be “met with what they deserve”.

Lebanese Prime Minister Nawaf Salam said those killed in Ansar were not military infrastructure or legitimate military targets.

President Joseph Aoun described the attacks as a “clear message” aimed at negotiations and US efforts to implement the framework agreement.

Parliament Speaker Nabih Berri called for national unity and urged sponsors of the peace talks and ceasefire agreements to act to stop the conflict.

Israel has said it will maintain forces in parts of southern Lebanon until Hezbollah is disarmed, while a US State Department official said a permanent Israeli military presence would not be consistent with commitments under the agreement.

Iran says talks with Oman may reach an outcome soon

Iranian Foreign Minister Abbas Araghchi said Tehran had not yet decided whether to resume negotiations with Washington after a 60-day ceasefire expires.

Araghchi accused the United States of violating the interim agreement reached in June, saying Tehran would not return to negotiations while Washington continued to breach its commitments.

He also said discussions with Oman over shipping routes through the Strait of Hormuz were continuing, but stressed that those talks were separate from any decision to reopen the waterway.

The discussions with Oman concern technical arrangements for maritime traffic, while reopening the strait depends on other conditions that Washington would need to meet, Araghchi said.