Search Site

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

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.”