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.

KEZAD, Al Ghurair Foods ink pact

• The agreement will mark the first phase of Al Ghurair Foods division’s investments in KEZAD.
• The highest standards of food safety in line with International biosecurity standards will be followed.

UAE to take part in meeting with Arab finance ministers, experts

• UAE will participate in the 52nd annual meeting of the Board of Governors of the Arab Fund for Economic and Social Development.
• UAE will also take part in the 47th annual meeting of the Board of Governors of the Arab Bank for the Economic Development in Africa.

DFM net profit surges 30% 

• The total consolidated revenue rose 13 percent to $24.2 million in Q1 2023, compared to $21.4 million in Q1 2022.
• Operating income amounted to $12.9 million, while investment returns and other income reached $11.3 million

NATO secretary general calls Jordan king, reaffirms strategic partnership

• They discussed “the deep-rooted cooperation and strategic partnership,” in military, training, and defence areas
• Earlier this month, Prime Minister Bisher Khasawneh met a delegation from the Republican Party of the US Congress