AD Ports Group buys 5 bulk carriers, 3 crude oil tankers

• The five bulk carriers, worth approximately $125 million, will be purchased from Saif Powertec as part of a long-term agreement signed in April 2022
• The deal involves the transportation of general bulk cargo between the UAE's Fujairah Port and destinations like the Indian subcontinent and Southeast Asia

Iran-Turkey trade hits $1.3bn in 3 months

• Eurostat also reported a 17 percent decrease in Iranian gas exports to Turkey, totaling 1.567 billion cubic meters in the same period
• The two nations have set a target of $30 billion in annual trade and to achieve this, both governments have been working to remove trade barriers

UAE launches guide to aid adoption of AI technology

• The guide provides a comprehensive exposition of generative artificial intelligence, explores the challenges and opportunities inherent in diverse digital technologies
• The guide showcases 100 use-cases of generative AI, including image and video synthesis, language translation, music composition, and text creation

EU reports employment rate of 75 percent in 2022

• The employment rate in the EU dropped to 72 percent in 2020 due to the COVID-19 pandemic.
• In 2022, the EU over-qualification rate was 22 percent, with 21 percent for men and 23 percent for women.

Ex- Indian Navy officer, sailing on UAE-registered boat, is second at Golden Globe Race 2022

• The third edition of the GGR commenced on September 4, 2022 at the picturesque Les Sables-d'Olonne port in France.
• Initially 30 sailors had enrolled for the competition, but only 16 were able to make it to the starting line.

Iran offers to solve Lebanon’s electricity shortage

• Iran had previously supplied fuel to Lebanon via Syria last year, in response to a request from Hezbollah
• Lebanon has been facing severe electricity crisis, with frequent power outages affecting households and businesses

NMDC achieves 366% growth

• The group's revenue has also doubled, reaching $0.87 billion in Q1 2023, compared to $0.42 billion in Q1 2022, a growth of 106 percent
• NMDC Group has upcoming projects in Southeast Asia and South Asia, highlighting the confidence of the industry and clients in the Group's competencies

Turkish president, UN chief discuss grain deal over phone, Sudan situation

Dubai ruler Sheikh Mohammed appoints two deputy rulers

• These appointments were made by Sheikh Mohammed in his capacity as Ruler of Dubai
• Both officials will assume their new positions immediately, according to the Dubai Media office

Uzbekistan, IsDB ink pacts worth US$396.7m for infrastructure, education

• Under the agreement, IsDB will provide US$260 million in financing for the Integrated Rural Development Project.
• The project will empower local communities, improve their access to quality and resilient infrastructure.