INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Skirmishes on Israel-Lebanon border displace thousands

Hizbollah supporters attend the funeral of three members killed in intensifying border skirmishes on the Lebanese-Israeli border. (AFP)
  • Many displaced people are living in makeshift shelters in the southern Lebanon's larger towns
  • Some 58 people have been killed in the cross-border exchanges of fire, most of them Hizbollah fighters

Beirut, Lebanon–Nearly 29,000 people have been displaced in Lebanon amid deadly exchanges between Iran-backed Hizbollah fighters and the Israeli army, a United Nations agency said Friday.

A total of 28,965 people have been displaced, mainly in the country’s south, the International Organization for Migration said in an update, adding that the figure had risen by 37 percent since October 23.

Some have found refuge with family members elsewhere in the country, while those who can afford it have been able to rent apartments on a short-term basis.

But with Lebanon in the grips of an economic crisis that has plunged most of the population into poverty, some are living in makeshift shelters in the south’s larger towns.

In Lebanon, at least 58 people have been killed in the cross-border exchanges of fire, most of them Hizbollah fighters but also including at least four civilians, one of them Reuters journalist Issam Abdallah.

On October 7, Hamas fighters poured from the Gaza Strip into Israel, killing 1,400 people, mostly civilians, and kidnapping 229 more, according to Israeli officials.

In retaliatory Israeli air and artillery strikes, at least 7,326 people have been killed in Gaza, including more than 3,000 children, according to figures released by the health ministry in the Hamas-controlled territory.

The death toll in Gaza is the highest there since Israel withdrew from the Palestinian territory in 2005.