Page 32 - Middle East

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.

Putin blames US for Middle East crisis, advocates two-State solution

Putin also expressed concern about Washington's pressure on both sides, suggesting it was an attempt to impose "unilateral solutions" without considering the core interests of the Palestinian people

Indian IT companies turn cautious as tensions escalate in West Asia

In Israel, Bengaluru-based firm Wipro has about 80 employees, all of whom are nationals of that country

IMF's world economy outlook worsens, Middle East war poses new uncertainty

The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday. The IMF said it expects global economic growth to slow to 2.9 per cent in 2024 from an expected 3 per cent this year. The forecast for next year is down a notch from the 3per cent it predicted back in July. The deceleration comes at a time when the world has yet to fully mend from a devastating but short-lived COVID-19 recession in 2020 and now could see fallout from the Middle East conflict particularly to oil prices. A series of previous shocks, including the pandemic and Russia's war in Ukraine, has slashed worldwide economic output by about USD 3.7 trillion over the past three years compared with pre-COVID trends. The global economy is limping along, not sprinting," IMF chief economist Pierre-Olivier Gourinchas said at a

Oil prices surges more than 2% as Middle East turmoil roils markets

Brent crude was up $2.28, or 2.7%, to $86.86 a barrel by 0859 GMT, while U.S. West Texas Intermediate crude was at $85.23 a barrel, up $2.44 or nearly 3%

Gold rises more than 1% as Middle East conflict spurs safe-haven demand

Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when gunmen from Hamas rampaged through Israeli town

China challenging US superpower status is 'not inevitable': Xi Jinping

Chinese President Xi Jinping on Monday told a delegation of influential American senators that the Thucydides Trap is not inevitable as he played down the concerns in Washington that China is out to challenge the superpower status of the US. Thucydides Trap is a term to describe an emerging power threatening to displace the existing great power. Competition and confrontation are not consistent with the trend of the times. Still less can it fix one's own problems and address the challenges facing the world, Xi told a US Senate delegation headed by Senate Majority Leader Chuck Schumer during a meeting. China maintains that the common interests of the two countries far outweigh their differences, and the respective success of China and the US is an opportunity, rather than a challenge, to each other, Xi told the six-member delegation of top American legislators. "The Thucydides Trap is not inevitable, and Planet Earth is vast enough to accommodate the respective development and common

India watching military conflict in Middle East closely, says Hardeep Puri

"The place where action is taking place is in many respects the centre of global energy... as we go along we will navigate through this," Puri told reporters at an industry event in New Delhi

Oil prices soar as Hamas' attack on Israel fans Middle East tensions

West Texas Intermediate rose above $86 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day