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.

Three rockets land near oil refinery in northern Iraq

No casualties or material damage was reported from the attack. (Creative Commons)
  • The rockets fell near the Kawergosk refinery, one of the largest in oil-rich Kurdistan
  • The refinery is located about 20 kilometers (12 miles) northwest of regional capital Arbil

Three rockets landed on Wednesday near an oil refinery in Iraq’s northern autonomous Kurdistan region, with “no casualties or material damage reported”, Kurdish counter-terrorism forces said.

The rockets fell near the Kawergosk refinery, one of the largest in the oil-rich area, located about 20 kilometers (12 miles) northwest of regional capital Arbil, the forces said in a statement.

“The rockets were launched from Khazir area in Mosul,” Iraq’s second city, located to the west of Arbil, the statement added.

The attack was not immediately claimed.

It comes less than a month after Iran’s Revolutionary Guards — the Islamic republic’s ideological army — claimed an assault on Arbil that it said targeted an Israeli “strategic center”.

The Guards fired a dozen ballistic missiles in the March 13 attack, which caused extensive damage to buildings without resulting in any deaths.

Kurdish authorities have insisted the Jewish state has no sites in or near Arbil.