INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.”