INSEAD Day 4 - 728x90

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.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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.