Page 26 - Middle East

US military shoots down missiles, drones as it faces threats in Middle East

With tensions spiking in the Middle East, US forces in the region are facing increasing threats, as a Navy warship shot down missiles appearing to head toward Israel Thursday and American bases in Iraq and Syria were repeatedly targeted by drone attacks. The USS Carney, a Navy destroyer in the northern Red Sea, intercepted three land attack cruise missiles and several drones that were launched by Houthi forces in Yemen. The action by the Carney potentially represented the first shots by the U.S. military in the defense of Israel in this conflict. Brig Gen Pat Ryder, Pentagon press secretary, told reporters the missiles were potentially headed toward Israel but said the U.S. hasn't finished its assessment of what they were targeting. A US official said they don't believe the missiles which were shot down over the water were aimed at the US warship. The official spoke on condition of anonymity to discuss military operations that had not yet been announced. But an array of other dro

Will work with India on import of laptops, says Arun Venkataraman

United States wants to make sure that the India Middle- East Europe Economic Corridor moves forward as much as possible

Oil prices slip as Venezuela sanctions ease, Middle East in focus

Saudi Arabia had said it would keep its voluntary cut until the end of the year

British PM Rishi Sunak pledges to stand with Israel in its 'darkest hour'

British Prime Minister Rishi Sunak Thursday pledged to stand with Israel in its "darkest hour" and welcomed the opening of a humanitarian corridor into Gaza as he held talks with the country's top leadership during his two-day visit to the Middle East aimed at preventing further escalation of conflict in the region. After his meetings with Israeli President Isaac Herzog and Prime Minister Benjamin Netanyahu, Sunak acknowledged the "shocking scenes" over the past day. He pledged to stand with Israel in its "darkest hour" and welcomed the opening of a humanitarian corridor into Gaza. The British Indian leader was greeted by Netanyahu with an embrace and described each other as my friend. "You described this as Israel's darkest hour. Well then it's for me to say I'm proud to stand here with you in Israel's darkest hour, as your friend we will stand with you in solidarity, we will stand with your people and we also want you to win," said Sunak, addressing a joint press conference with h

Welspun bags contract to supply 61,000 MT of LSAW pipes, bends in Mideast

Welspun Corp Ltd (WCL) on Thursday said it has bagged a contract to supply 61,000 metric tonnes (MT) of LSAW pipes and bends in the Middle East. The company will supply the longitudinally submerged arc welding (LSAW) pipes and bends from its plant, located at Anjar in Gujarat, WCL said in a statement. "Welspun Corp wins a contract to supply 61,000 MT of bare pipes and bends to the Middle East, which will be used for offshore production and transport of gas. With the receipt of the above order, WCL has cumulatively received total orders of approximately 1,91,000 MT of line pipes, to be executed from its India and USA facilities since its last announcement dated August 4, 2023," the statement said. In the statement, the company did not disclose the order value. Welspun Corp Ltd (WCL) is one of the largest manufacturers of large-diameter pipes globally. The company also manufactures steel billets, TMT (thermo-mechanically treated) rebars, DI (ductile iron) pipes, stainless steel pipe

Dollar gains against euro as Fed, Middle East conflict stay in focus

The dollar is also benefiting from safe haven demand on concerns over the conflict in the Middle East

Brent hits $93 as escalating Middle East conflict heightens supply concerns

"This turn of diplomatic fortunes again garners fear of conflict spread and therefore the leap in oil," said John Evans of oil broker PVM

Gaza carnage spreads anger in Middle East, threatening to widen conflict

Within hours after a blast was said to have killed hundreds at a Gaza hospital, protesters hurled stones at Palestinian security forces in the occupied West Bank and at riot police in neighbouring Jordan, venting fury at their leaders for failing to stop the carnage. President Abdel-Fattah el-Sissi of Egypt, King Abdullah II of Jordan and Palestinian President Mahmoud Abbas friends of the US who normally relish the chance to meet with American presidents called off a planned Wednesday summit with Joe Biden, who will now only visit Israel. US Secretary of State Antony Blinken spent much of the past week meeting with Arab leaders to try to keep tensions in check, but those efforts are now in doubt following the hospital blast. The raw nerve of decades of Palestinian suffering, left exposed by US-brokered normalisation agreements between Israel and Arab states, is throbbing once again, threatening broader unrest. This war, which has entered a dangerous phase, will plunge the region .

History, Hollywood won't be as charitable to Bibi as they are to Golda Meir

Future historians and moviemakers will need exceptionally powerful blinkers to miss the controversies that have attended Netanyahu's decades in politics

JPMorgan index-bound Indian bonds lure foreigners, but flows to start later

"This pace, however, may not sustain at least in the immediate future as globally investors will eye developments in the Middle East conflict and what impact it could have on oil prices"

Investors can partner with India to participate in IMEEC: PM Modi

Prime Minister Narendra Modi on Tuesday said investors have an opportunity to partner with the country, and be a part of the India-Middle East-Europe Economic Corridor (IMEEC). Speaking after the inauguration of the Global Maritime India Summit here, Modi said India took the lead at the G-20 summit to form a consensus on the corridor. Very few countries are blessed with development, demography, democracy and demand, Modi said and invited global investors to be part of India's growth journey. He said whenever India's maritime capabilities have been strong in history, the country and the world have benefitted from it, and added that his government has been working to strengthen the maritime sector in the last 9-10 years. PM Modi inaugurated and laid foundation stones for port-related projects worth over Rs 18,800 crore at the third edition of the summit. He also launched the foundation stone for the Rs 4,539-crore Tuna Tekra all-weather deep-draft terminal at the Deendayal Port ...

LIVE: MEA spokesperson Bagchi appointed India's ambassador to UN in Geneva

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KEC International bags new domestic, global orders worth Rs 1,315 cr

Infrastructure company KEC International on Monday announced securing new orders totalling Rs 1,315 crore in India and international markets. The orders have been bagged by the company's Transmission & Distribution (T&D) business in the domestic market apart from clientele in Middle East, Australia and Americas, KEC International said in a regulatory filing. In India, the scope of order includes a transmission line and a substation order from Power Grid Corporation of India Ltd (PGCIL) while the orders in Middle East, Australia and Americas are for supply of towers, hardware and poles and various types of cables. Vimal Kejriwal, MD and CEO of KEC International Ltd, said, "we are delighted with the new order wins, particularly the orders from PGCIL in Rajasthan. These orders have significantly enhanced our India T&D order book. In a noteworthy achievement, our tower supply business footprint now extends across six continents." KEC International is a global infrastructure ...

Indian blue-chips slip on Middle-East conflict concerns, metals cap losses

Metals gained nearly 1%, after data showed recovery in exports and imports in world's top consumer China. JSW Steel, Tata Steel were among the top Nifty 50 gainers

Antony Blinken to extend Middle East tour, return to Israel on Monday

Blinken held talks with Saudi Crown Prince Mohammed bin Salman, one of the most powerful leaders of the region, a meeting the top U.S. diplomat described as "very productive"

Israel-Hamas conflict may pose hurdles to Economic Corridor timelines: GTRI

The ongoing Israel-Hamas conflict may lead to delays and complications in the India Middle East Europe Economic Corridor project, according to think tank Global Trade Research Initiative (GTRI). It said while the conflict's immediate consequences are confined to Israel and Gaza, its ripple effects throughout the Middle East cannot be underestimated. GTRI said the conflict could derail the prospect of a historic peace deal between Israel and Saudi Arabia, a crucial linchpin in the India Middle East Europe Economic Corridor (IMEEC) framework. Although Saudi Arabia and Israel have historically maintained no formal diplomatic ties, recent years have witnessed signs of a thaw, with negotiations underway for normalisation, GTRI Co-Founder Ajay Srivastava said, adding that the war may derail any progress made. "The ongoing Israel-Hamas conflict may disrupt the project's timelines and outcomes, marking a pivotal juncture in the development of this ambitious economic corridor. While the war

EAM speaks to Saudi Foreign Minister on 'grave' situation in Middle-East

External Affairs Minister S Jaishankar on Friday spoke to his Saudi counterpart Prince Faisal bin Farhan and they discussed the situation arising out of the Hamas-Israel conflict. The phone conversation came two days after Jaishankar discussed the crisis with Foreign Minister of the United Arab Emirates Sheikh Abdullah bin Zayed Al Nahyan. "Appreciated the conversation with Foreign Minister HH @FaisalbinFarhan of Saudi Arabia," the external affairs minister said on 'X'. "Discussed the grave situation in the Middle East," he said.

Middle-East conflict raises fuel price concerns, says FM Sitharaman

Sitharaman is on an official visit to Marrakech, Morocco, to attend the IMF-World Bank Annual Meetings 2023

LIVE: Middle-East conflict raises fuel price concerns, says FM Sitharaman

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Another massive earthquake strikes Afghanistan: What we know so far

A 6.3 magnitude earthquake struck Afghanistan on October 11, in an area where tremors killed over 2,400 just days ago. Watch the video to know the details.