ICAI Dubai Chapter officials honor prominent Kannadiga NRI SM Syed Khalil
Dubai: A delegation from The Institute of Chartered Accountants of India (ICAI Dubai Chapter) recently visited the reputed NRI Businessman and founding member of the ICAI Dubai Chapter, SM Syed Khalil, at his residence in Dubai to extend their felicitations.
Led by Rajesh Kumar Somani, Chairman of the ICAI Dubai Chapter, the delegation included Secretary Rishi Chawla, Treasurer Dheeraj Ranasaria, and Executive Member Aashna Mulgaonkar.
During the visit, the delegation commended SM Syed Khalil for his dedicated service to the ICAI Dubai Chapter, where he served as Chairman for two terms between 1987 and 1994. They also acknowledged his ongoing guidance and support to the chapter's office bearers since its inception.
As a token of appreciation, the delegation presented SM Syed Khalil with a memento and expressed their gratitude for his continued support and mentorship in the future.
SM Syed Khalil, a distinguished chartered accountant, has contributed significantly to the UAE's business landscape, notably with the Galadari family for nearly three decades when he first joined as general manager of the Khaleej Times daily newspaper. His tenure includes serving as the Group Executive Director of Ilyas and Mustafa Galadari (IMG) Group from 2002 to 2011 and currently holding the position of Founding Chairman of K&K Enterprise, a general trading company based in Sharjah.
Prior to his UAE endeavors, Khalil held prominent roles with Mahindra Ugine Steel in India and served as Vice-Chairman of the Jashanmal Group of Companies. He also serves as the Chairman of Maadhyama Communications Ltd., and Chairman of news channel Sahil Online.
Additionally, he has established various media companies and charitable foundations in Dubai and India, demonstrating his commitment to philanthropy. He is also the patron and board members of various socio, cultural and charitable organisations both in India and UAE.
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Iran attacks oil tanker near Dubai; Trump warns of strikes on energy sites if Hormuz remains shut
Tel Aviv/Washington: Iran attacked and set ablaze a fully loaded crude oil tanker off Dubai on Monday after US President Donald Trump warned that Washington would target Iran’s energy infrastructure if the Strait of Hormuz is not reopened.
According to a Reuters report, the Kuwait-flagged tanker Al-Salmi is owned by Kuwait Petroleum Corporation and was capable of carrying around 2 million barrels of crude. . It was struck in what authorities later described as a drone attack. The company said the incident occurred early Tuesday, causing a fire and hull damage. No injuries were reported and the fire was brought under control, Dubai authorities said .
Oil prices rose briefly following the attack and added to volatility in global energy markets. In the United States, retail gasoline prices crossed $4 per gallon for the first time in more than three years, according to data from GasBuddy, as crude prices moved above $101 per barrel.
Israel said it carried out missile strikes on military infrastructure in Tehran and on sites linked to Iran-backed Hezbollah in Beirut. Explosions were reported in parts of Tehran, with Iran’s Tasnim news agency saying power outages occurred in the eastern Pirouzi district following the blasts.
The Israel Defense Forces said four soldiers were killed in southern Lebanon. In recent days, three peacekeepers serving with the United Nations Interim Force in Lebanon were also killed in separate incidents in the same area.
Iran’s military spokesperson said Tehran’s latest wave of missile and drone strikes targeted US military positions at five bases in the region and sites in Israel. Thousands of troops from the US Army’s 82nd Airborne Division have begun arriving in the Middle East, according to US officials, expanding Washington’s military options even as diplomatic efforts continue.
White House Press Secretary Karoline Leavitt told Reuters Trump wants an agreement with Iranian leaders before a revised April 6 deadline for reopening the Strait of Hormuz, adding that talks were progressing, while public statements from Tehran differed from private communications.
Iran’s Foreign Ministry spokesperson Esmaeil Baghaei said proposals received through intermediaries were “unrealistic” and maintained that Iran was focused on defending itself.
In a social media post, Trump said that if a deal is not reached soon and the strait is not reopened, the US would strike Iran’s electric generating plants, oil wells and Kharg Island. However, a report in The Wall Street Journal said Trump had told aides he may be willing to end the military campaign even if the strait remains largely closed and address reopening it later. The White House referred to earlier remarks by Secretary of State Marco Rubio that the strait would be opened “one way or another.”
The administration has also requested an additional $200 billion in funding for the conflict, a proposal that faces opposition in the US Congress.
