The EU is to examine the possibility of increasing the capacity of land routes for Ukrainian grain exports after Russia pulled out of a deal that kept the Black Sea route open.
The bloc's agriculture commissioner Janusz Wojciechowski warned on Tuesday that the plan would be expensive.
He declined to give a figure, but said it would be necessary for Ukrainian grain to remain competitive with Russia. The two countries at war are also among the world's top grain exporters.
Before Russia exited the UN-Turkey brokered Black Sea Grain Initiative last week, Ukraine exported 40 per cent of its grain via the Black Sea and the remainder through the EU's so-called "solidarity lanes".
The lanes were set up in May last year by the European Commission to help Kyiv export its produce over land borders with Poland and Romania by rail and road.
"We are ready to export [via] the solidarity lanes almost everything that Ukraine needs," Mr Wojciechowski said at a press conference in Brussels.
"Taking into account the production of grains of cereals and oilseeds in Ukraine, this is about four million [tonnes] per month, and we achieved this volume in November 2022."
Mr Wojciechowski said that he would present his proposal to the commission.
"Without this, there is a risk that Russia will benefit from this situation because it'll be cheaper to buy grain from Russian than pay for grain from Ukraine transported by Poland to Baltic ports," he said.
"The cost of this operation will always be higher than Russia can offer on the global market."
The EU's 27 agriculture ministers met on Tuesday to discuss the impact of Ukrainian grain exports on neighbouring states.
Five of these so-called "frontline states" - Bulgaria, Romania, Poland, Hungary and Slovakia - have been lobbying the commission to extend a ban on imports of certain Ukrainian agricultural products after it expires on September 15.
Introduced in May, the ban on imports of Ukrainian wheat, maize, rapeseed and sunflower oil has led to tensions with Kyiv.
Ukraine has strongly criticised their request, with President Volodymyr Zelenskyy saying an extension of the ban would be "unacceptable".
Except for Hungary, the states are also strong military supporters of Ukraine.
They have stressed that they are not trying to undermine Kyiv but to protect their farmers, who have complained about a drop in prices caused by a glut of cheap Ukrainian produce.
Poland, which is also facing a parliamentary election later this year, has taken the lead in voicing the five countries' concerns in Brussels.
Mr Wojciechowski avoided taking a position on their request during his press conference, focusing instead on the need for investment in the solidarity lanes. He also criticised Russia for using "food as a weapon".
He said that EU imports of Ukrainian produce jumped after Russia's invasion last year from about €7 billion ($7.73 billion) in 2021 to €13 billion in 2022.
Out of the €6 billion increase, €5 billion went to the five states requesting the ban be extended.
"You can imagine how big the problem is," said Mr Wojciechowski.
There are deep disagreements among EU countries on how to tackle the issue. Some of the frontline states have warned that they would introduce protective measures even if the commission refused to extend the ban.
The German and French agriculture ministers on Tuesday strongly pushed back against their lobbying efforts.
"There can be no unilateral decisions," said France's Agriculture Minister Marc Fesneau. "We can only respond to challenges of market destabilisation together."
German Agriculture Minister Cem Ozdemir said the commission needed to make clear any extension was "not possible".
He insisted that Poland's internal political disputes ahead of elections later this year should not be played out "on Ukraine's back".
A spokeswoman for the commission said Brussels was working "very intensively" with the five EU member states and Ukraine to try to find a solution.
"These measures are targeted and temporary," Miriam Garcia Ferrer said. "They were put in place for a very specific situation of logistical bottlenecks and facilitation of trade that was happening in these bordering countries."
There are alternative proposals on the table.
Lithuania has suggested setting up a so-called "Baltic route" for Ukrainian grain exports.
The move, proposed by three Lithuanian ministers in a letter seen by Reuters, would create "a viable and trusted alternative route" for exporting Ukrainian produce, including grain, through the ports of Tallinn, Riga, Ventspils, Liepaja and Klaipeda, said the letter, signed by three Lithuanian ministers.
The five ports have a combined grain export capacity of 25 million tonnes, said the July 21 letter.
It asked the commission for targeted action to create the route, such as "implementing measures to facilitate cargo handling between different railway gauges", and moving customs and other controls of the produce from the Polish border to the Baltic ports.
The railways of Ukraine and the Baltic states are built on a Russian gauge which is incompatible with that used in Poland, the only practical route between the countries.
Lithuanian Agriculture Minister Kestutis Navickas said in Brussels that his government would like all administrative procedures to be shifted from the Polish border with Ukraine to Lithuanian ports.
"It would be more efficient if customs clearance took place in European ports," he said.
Responding to a question about Lithuania's proposal, Mr Wojciechowski said that it was "possible" but also needed EU funding.
"It’s a long way from Ukraine to Ukraine’s natural markets, Europe, Indonesia, Bangladesh, Turkey," he said. "I think we should provide some support to this route."
Diriyah%20project%20at%20a%20glance
%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%3Cbr%3E%3C%2Fp%3E%0A
Results
5.30pm: Maiden Dh165,000 (Turf) 1,600m; Winner: Al Battar, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer).
6.05pm: Maiden Dh165,000 (Dirt) 1,200m; Winner: Good Fighter, Richard Mullen, Satish Seemar.
6.40pm: Handicap Dh185,000 (T) 1,200m; Winner: Way Of Wisdom, Tadhg O’Shea, Satish Seemar.
7.15pm: Handicap Dh170,000 (D) 2,200m; Winner: Immortalised, Tadhg O’Shea, Satish Seemar.
7.50pm: Handicap Dh185,000 (T) 2,000m; Winner: Franz Kafka, James Doyle, Simon Crisford.
8.25pm: Handicap Dh185,000 (D) 1,200m; Winner: Mayadeen, Connor Beasley, Doug Watson.
9pm: Handicap Dh185,000 (T) 1,600m; Winner: Chiefdom, Mickael Barzalona, Salem bin Ghadayer
UAE currency: the story behind the money in your pockets
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Boston%20Strangler
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Matt%20Ruskin%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EKeira%20Knightley%2C%20Carrie%20Coon%2C%20Alessandro%20Nivola%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3Cbr%3E%3C%2Fp%3E%0A
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Company profile
Name: Steppi
Founders: Joe Franklin and Milos Savic
Launched: February 2020
Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year
Employees: Five
Based: Jumeirah Lakes Towers, Dubai
Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings
Second round raised Dh720,000 from silent investors in June this year
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
What is Bitcoin?
Bitcoin is the most popular virtual currency in the world. It was created in 2009 as a new way of paying for things that would not be subject to central banks that are capable of devaluing currency. A Bitcoin itself is essentially a line of computer code. It's signed digitally when it goes from one owner to another. There are sustainability concerns around the cryptocurrency, which stem from the process of "mining" that is central to its existence.
The "miners" use computers to make complex calculations that verify transactions in Bitcoin. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Last-16
France 4
Griezmann (13' pen), Pavard (57'), Mbappe (64', 68')
Argentina 3
Di Maria (41'), Mercado (48'), Aguero (90 3')
match info
Southampton 2 (Ings 32' & pen 89') Tottenham Hotspur 5 (Son 45', 47', 64', & 73', Kane 82')
Man of the match Son Heung-min (Tottenham)
THE%20SPECS
%3Cp%3EBattery%3A%2060kW%20lithium-ion%20phosphate%3Cbr%3EPower%3A%20Up%20to%20201bhp%3Cbr%3E0%20to%20100kph%3A%207.3%20seconds%3Cbr%3ERange%3A%20418km%3Cbr%3EPrice%3A%20From%20Dh149%2C900%3Cbr%3EAvailable%3A%20Now%3C%2Fp%3E%0A
Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
Scream%20VI
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Matt%20Bettinelli-Olpin%20and%20Tyler%20Gillett%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Melissa%20Barrera%2C%20Jasmin%20Savoy%20Brown%2C%20Jack%20Champion%2C%20Dermot%20Mulroney%2C%20Jenna%20Ortega%2C%20Hayden%20Panettiere%20and%20Courteney%20Cox%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
A Long Way Home by Peter Carey
Faber & Faber
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
UAE currency: the story behind the money in your pockets
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
