Search Site

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

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.

Ukraine grain deal extended ‘under current terms’: Turkey

Moscow is demanding guarantees on another agreement concerning its own exports, in particular of fertilizer components. (AFP)
  • The agreement would be in force for "120 days considering the winter conditions", and there could be "new arrangements" after the winter season
  • An international source close to the negotiations also confirmed to AFP that the parties concerned agreed to extend the deal
Istanbul, Turkey– An agreement allowing Ukraine to export grain through Black Sea will continue “under current terms,” a senior Turkish official told AFP. 

 

“The agreement will remain in place under current terms for four months,” the official told AFP on condition of anonymity.

Ukraine is one of the world’s top grain producers, and Russia’s invasion of the country blocked 20 million tons of grain in its ports before the United Nations and Turkey brokered the deal in July.

The official told AFP the agreement would be in force for “120 days considering the winter conditions”, adding that there could be “new arrangements” after the winter season.

An international source close to the negotiations also confirmed to AFP that the parties concerned agreed to extend the deal.

On Wednesday, Turkish President Recep Tayyip Erdogan said at a press conference at the G20 summit in Indonesia: “I am of the opinion that it (the deal) will continue. There’s no problem there.”