Passenger demand plummets Middle Eastern airlines experienced a 46.6 per cent year-on-year drop in passenger demand in April 2026. This collapse in the Middle East also dragged the entire global passenger market down into a 3.4 per cent contraction. However, there seems to be a silver lining. The numbers also mark a noticeable improvement from…
The ongoing geopolitical conflicts across several regions of the world, particularly the escalating tensions in the Middle East and the continued Russia-Ukraine conflict, are creating major disruptions to global transportation and supply chain networks. These crises are affecting shipping routes, fuel prices, airline operations, freight costs, and international trade, placing enormous pressure…
Wix, Rapyd and Amdocs became the latest Israeli tech firms to join a wave of layoffs to tighten operations, cut costs and reorganize their staff amid pressure to adapt to the new automation era. Wix, a maker of do-it-yourself website building software, on Thursday confirmed reports that it is cutting as many as 1,000 employees…
ASTANA, Kazakhstan, May 28. Bilateral freight transportation between Kazakhstan and Russia reached 92 million tons in 2025, marking an increase of nearly 3.5% year-on-year, Kazakhstan’s President Kassym-Jomart Tokayev said, Trend reports via the Kazakh government. Tokayev emphasized that energy cooperation has become one of the most successful areas of partnership between the two countries, alongside…
The Spanish government has implemented the first operational ban within the European Union on imports originating from named Israeli settlements, moving to enforce what much of Europe has long only stated. Spain is turning a long standing EU position that settlements are illegal under international law into an enforceable trade restriction establishing that Israeli settlements…
New Delhi: India needs to diversify its trade routes and accelerate development of alternative connectivity corridors, including the India-Middle East-Europe Economic Corridor (IMEC) and the Indo-Pacific route via the Malacca Strait, to reduce its reliance on the Strait of Hormuz, an EY report said. The EY Economy Watch report for May said that in view…
Iran’s Revolutionary Guard targeted a U.S. airbase on Thursday after the U.S. military carried out what a Washington official said were strikes on an Iranian drone operation near the Strait of Hormuz, hours after President Donald Trump rejected a report he was close to a compromise deal with Tehran. The escalation in hostilities highlighted threats…
The global air cargo demand experienced a 4% year-on-year increase in April 2026, primarily driven by robust trade flows linked to Asia. However, ongoing conflicts in the Middle East have severely altered cargo routes and reduced capacity on vital global routes, as reported by the International Air Transport Association (IATA). According to Willie Walsh, IATA’s…
Haifa airport (Image source: ANI) As tensions continue across the Middle East, the Port of Haifa is increasingly being viewed as a critical link in India’s growing strategic and economic engagement with the region.Located in a natural, protected bay in northeast Israel, the Haifa Port is one of Israel’s three major international seaports and handles…
Despite a fragile ceasefire, the Iran war continues to fuel global instability. Disruptions to global energy markets, maritime shipping routes, and transport corridors are exposing converging security and economic vulnerabilities across Israel, Gulf states, and increasingly, Central Asia. Nevertheless, this crisis presents Israel with a meaningful opportunity to operationalize trilateral cooperation with the Gulf and…
