New Delhi, May 14: The proposed India-Middle East-Europe Economic Corridor (IMEC) is gaining diplomatic traction, with senior officials from Greece and Israel endorsing the initiative as a transformative trade and connectivity project with significant geopolitical and economic implications. Alexandra Papadopoulou described IMEC as a “long-term certificate for stability,” highlighting its potential to reshape trade and…
Timing is everything. Late last month, Pakistan announced the opening of overland trade corridors with Iran that will allow Tehran to import goods from Pakistan’s deepwater ports at a time when the U.S. blockade has closed off the country’s access to shipping through the Hormuz Strait. The initiative was first conceived in 2008 through an…
The Israel Ministry of Defence led a delegation of 32 Israeli defence companies to the second Finnish-Israeli Defence Industry Seminar held this week in Helsinki. The delegation was organised by the ministry’s International Defence Cooperation Directorate, known as SIBAT, and included seven defence technology startups for the first time. The startups participated under the Ministry…
The Middle Corridor is rapidly emerging as one of the world’s most strategically important trade routes as countries across Eurasia seek alternatives to traditional transportation networks dominated by Russia and maritime chokepoints vulnerable to geopolitical tensions. Stretching from China through Central Asia, across the Caspian Sea, through the Caucasus and Türkiye, and onward to Europe,…
The Centre for the Promotion of Private Enterprise (CPPE) has urged the federal and state governments to intensify measures to reduce energy costs and improve transportation infrastructure to mitigate the impact of inflation in the country. Chief Executive Officer of CPPE, Dr Muda Yusuf, made the call in a statement on Friday in Lagos while…
The BRICS foreign ministers’ meeting, held over the past two days in New Delhi, was meant to project unity among emerging economies. Instead, it brought Iran and the United Arab Emirates into the same room at one of the most sensitive moments in their relations, turning the summit into a stage for open accusations. The…
AS the United States/Israel–Iran crisis reverberates into a global oil shock, the Philippines, an archipelago heavily dependent on imported fossil fuels, faces renewed urgency to secure stable, affordable energy. President Ferdinand Marcos Jr.’s emphasis on regional energy (RE) security at the 48th Asean Summit underscores a timely pivot: accelerate renewables, especially rooftop solar. He said,…
The warnings came during a special meeting of the UN Economic and Social Council (ECOSOC) on Friday focused on safeguarding energy and trade flows amid continuing volatility in global fuel markets, shipping routes and critical supply chains. “This is not only an energy challenge. It is a development challenge. It is a financing challenge,” ECOSOC…
BERLIN – Spain and Ireland are leading a camp of EU countries that are hostile to Israel and fixated with “ruining” a once close relationship with Europe, Israel’s Foreign Minister Gideon Sa’ar told Euractiv. Earlier this week, the EU agreed on sanctions against Israeli settlers accused of violence against Palestinians in the West Bank, where…
US-Israel-Iran War Latest Update: Efforts by the United States to bring an end to the war with Iran suffered another setback after a commercial ship was reportedly seized by unidentified personnel near the United Arab Emirates. According to the UK Maritime Trade Operations, the vessel was intercepted around 38 nautical miles off the UAE coast…
