INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

13 million merchandise tons shipped via special corridor, says Ukraine

On Saturday, President Volodymyr Zelensky saluted his country's maritime success. (AFP)
  • Ukraine, on the Black Sea, has pushed Russia's much larger navy away from its coasts, allowing the resumption of grain exports
  • Russia had threatened to target ships arriving and leaving Ukrainian ports, and has attacked port and grain storage facilities

Kyiv, Ukraine – Ukraine has exported about 13 million tons of merchandise on some 400 ships since setting up a protected maritime corridor in August to fend off Russian threats, a government minister said Saturday.

While Ukraine had few military achievements on land in 2023, on the Black Sea it has pushed Russia’s much larger navy away from its coasts, allowing the resumption of grain exports.

Infrastructure Minister Oleksandr Kubrakov said he was “grateful” to Ukraine’s international partners “for ensuring the operation of the Corridor in conditions of military aggression”.

The corridor was created in August to link Ukraine’s ports to the Bosphorus Straits, several weeks after Moscow refused to agree on a new accord to allow cereal exports through the contested Black Sea.

The now-defunct accord had allowed Ukraine to export nearly 33 million tons of cereals and other foodstuffs over a year.

The sea route is particularly important now because several land border crossings have been blocked in recent months by Polish truckers unhappy with Ukrainian competition.

Russia had threatened to target ships arriving and leaving Ukrainian ports, and has attacked port and grain storage facilities.

A Panamanian-flagged grain carrier headed to a Ukrainian port hit a mine this week, wounding two sailors.

On Saturday, President Volodymyr Zelensky saluted his country’s maritime success, claiming that his forces had “reconquered the sea” this year.