Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Israel okays deal with Lockheed Martin to buy F-35 fighter jets

An American military aircraft crashed after suffering a "mishap" during training.
  • In May 2018, Israel's military said it had become the first country to use F-35s in combat.
  • The deal to purchase 25 F-35 jets- expected to be signed in coming months - will expand the country's fleet of the aircraft to 75.

JERUSALEM– Israel has approved buying a third squadron of advanced F-35 fighter jets manufactured by Lockheed Martin in a $3-billion deal, the defense ministry said on Sunday.

Israel is the only Middle East nation with F-35s, the world’s most advanced fighter which is stealth capable and can be used to gather intelligence, strike deep into enemy territory and engage in air duels.

The deal to purchase 25 F-35 jets — expected to be signed in coming months — will expand the country’s fleet of the aircraft to 75, a ministry statement said.

It will be financed through United States military aid funds received by Israel.

“This new agreement will ensure the continuation of cooperation between American companies and Israeli defense industries in the production of aircraft parts,” the statement said.

In May 2018, Israel’s military said it had become the first country to use F-35s in combat.

The country has launched hundreds of air raids on Syrian territory during that country’s years of war, primarily targeting Iran-backed forces and Lebanese Hezbollah fighters as well as Syrian army positions.

On Sunday, hours before Israel announced the F-35 plan, it said it had struck an anti-aircraft battery in Syria in response to the launch of an anti-aircraft rocket from Syria into Israeli territory.

It added that Israeli jets had also “struck additional targets in the area”, and that no injuries were reported from the Syrian missile.