Search Site

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

Ukraine ‘satisfied’ with Saudi-led mediation to end war

Representatives pose for a group picture during a National Security advisors' meeting in Jeddah.
  • Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace summit, which was held in Jeddah
  • The head of Ukraine's presidential office, Andriy Yermak, said there was an agreement on the next meeting, "but there are no exact dates"

Kyiv, Ukraine– Ukraine on Monday said it was “satisfied” with a summit held in Saudi Arabia over the weekend on a peace settlement to end fighting, to which Moscow was not invited.

Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace summit, which was held in Jeddah.

“We are very satisfied with the results of the summit,” the head of Ukraine’s presidential office, Andriy Yermak, said.

“The meeting in Saudi Arabia is a rehearsal for a world in which there is no place for savage aggression (by Russia).”

He said there was an agreement on the next meeting, “but there are no exact dates” and said that “even more countries will participate”.

He said a Chinese representative was “present at all events.”

“There is no reason to doubt that the principle ‘Nothing about Ukraine without Ukraine’ is being disrupted,” he added.

Russia earlier said that a peace settlement was only possible if Kyiv put down its arms.

Russia, which was not invited to the summit, said that a resolution was possible if Ukraine “stopped the hostilities and terrorist attacks” and if Western countries stopped arms supplies to Kyiv.

It also called on Ukraine to cede its occupied territories to Moscow.

“The original foundations of Ukraine’s sovereignty — its neutral, non-aligned and non-nuclear status — must be confirmed,” foreign ministry spokeswoman Maria Zakharova said in a statement.

Over a year into Moscow’s campaign in Ukraine, Kyiv’s forces were pressing ahead with their long-awaited offensive to retake occupied territory.

(With agency inputs)