Page 33 - Middle East

Jindal SAW-Hunting Energy JV eyes M East, Africa to supply OCTG from India

Jindal Hunting Energy Services Ltd (JHESL) is looking to export oil country tubular goods from its plant located at Nashik in Maharashtra. Piping products used in oil and gas production are referred as oil country tubular goods (OCTG). JHESL is a 51:49 per cent joint venture (JV) company between US-based Hunting Energy Services and domestic pipes maker Jindal SAW. On September 18, the JV inaugurated a plant with an annual capacity of 70,000 metric tonnes, which has been set up at a cost of USD 25 million to manufacture and supply pipes and tubes with premium connections to OCTG market in oil and gas sector. JHESL will first cater to the domestic market and continue to explore markets like Middle East and Africa, Neeraj Kumar, Group Chief Executive Officer and Whole-Time Director, Jindal SAW Ltd, told PTI in an interaction. When asked about the timeline for the exports, Kumar said there are certain approvals that need to be received for supplying OCTG. JHESL already has approvals

India-Middle East corridor to be basis of world trade: PM in Mann Ki Baat

Prime Minister Narendra Modi asserted on Sunday that the India-Middle East-Europe corridor will become a basis of world trade for the coming centuries and history will remember that it was envisioned in India. In his monthly Mann ki Baat broadcast, Modi recalled the "Silk route", an ancient trade corridor used by India when it was a prosperous and great trading power, and said the country suggested the India-Middle East-Europe economic corridor at the recent G20 Summit. The successful summit after the success of India's Chandrayaan-3 mission doubled every citizen's happiness, he said while noting that the two accomplishments have figured most in the messages he has received from people. India's leadership was acknowledged by the world as it succeeded in making the African Union a member of the G20, he said. Bharat Mandapam, the venue which hosted the G20 Summit, has become a "celebrity", the prime minister said, noting that people have been clicking selfies with the state-of-the-ar

Blinken congratulates Saudi, Emirati partners on new economic corridor

US State Secretary Antony Blinken on Tuesday congratulated Saudi, Emirati partners on the finalization of the India-Middle East-Europe Economic Corridor

The storytellers' bazaar

The enduring legacy of trade routes lies in shared stories and religious diversity. Can the India-Middle East-Europe Economic corridor harness this legacy to empower nations?

Aditya Birla launches Louis Philippe in UAE to expand presence in ME region

Louis Philippe, a premium menswear brand owned by the Aditya Birla Group, has forayed into the Middle East region with the opening of the brand's newest outlet in the UAE. Besides, Aditya Birla Fashion and Retail Ltd (ABFRL) plans to increase its retail footprint by launching several additional Exclusive Brand Outlets (EBOs) of its brands throughout the Middle East in the near future, Jacob John, company's President - Premium Brands, said. Its 2,000-square-feet store EBO offers a wide range of formal and semi-formal apparel and accessories that encapsulate the essence of elegant wear. John said it is a significant milestone for the company. "We are convinced that the brand will create an equally powerful impression in the UAE as the state boasts numerous promising shopping destinations, and we are excited about our growth prospects here. "In the near future, we plan to increase our retail footprint by launching several additional Exclusive Brand Outlets of our brands throughout th

India-Middle East-Europe Economic Corridor will benefit Russia: Putin

Russian President Vladimir Putin on Tuesday said he sees nothing in the India-Middle East-Europe Economic Corridor (IMEC) that can hinder Russia

US praises India for G20, hails 'India-Middle East Europe Corridor'

The US lauded India for hosting the G20 summit, calling it a big "success" and hailing the landmark 'India-Middle East-Europe Economic Corridor' which will usher in a new era of connectivity from Europe to Asia and will stimulate economic growth across the two continents. The G20 Leaders' two-day summit, held under India's presidency, wrapped up on Sunday. On Saturday, the ambitious India-Middle East-Europe Economic Corridor (IMEC) was jointly announced by the leaders of the US, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union on the sidelines of the summit in New Delhi. The new economic corridor is seen as an alternative to China's controversial Belt and Road Initiative (BRI). During a regular press briefing on Monday, the US State Department spokesperson Matthew Miller told reporters," It was a landmark India-Middle East-Europe Economic Corridor (IMEC) that we believe will usher in a new era of connectivity from Europe to Asia that will

China welcomes India-Middle East-Europe Corridor if not a geopolitical tool

China said on Monday that it welcomes the India-Middle East-Europe Economic Corridor announced on the sidelines of the G20 summit so long it doesn't become a "geopolitical tool", even as it downplayed Italy's plan to pull out of its Belt and Road Initiative (BRI). China welcomes all initiatives that truly help developing countries build infrastructure and sincere efforts to promote connectivity and common development, the Chinese Foreign Ministry said. "At the same time, we advocate that various connectivity initiatives should be open, inclusive, and form synergy, and should not become geopolitical tools," the ministry said in a written response to PTI to a question on China's reaction to the new corridor. On Saturday, Prime Minister Narendra Modi announced plans to launch the India-Middle East-Europe Economic Corridor which includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US. "Today we all have reached an important and historic partnership.

A new corridor

Geopolitics and next-generation trade explain the case for IMEC

India-Middle East-Europe corridor to make supply chain more resilient: EEPC

The proposed 'India-Middle East-Europe Economic Corridor' announced during the just-concluded G20 Leaders' Summit in Delhi will prove to be a game-changer project and provide huge impetus to global trade, Engineering Exports Promotion Council India (EEPC India) said on Monday. The corridor will also make the "global supply chain more resilient", EEPC India chairman Arun Kumar Garodia said. The project seeks to connect India with Europe via the Middle East by sea and port. This will redefine the movement of goods and services across the continents as it will bring down logistics costs and ensure quicker delivery of shipments, Garodia said in a statement. For India's engineering exports sector, both the Middle East and Europe are key markets, and having transport infrastructure of this scale will greatly enhance its competitiveness globally, he said. Garodia also said the investment in the transformative project will greatly boost economic activities, create jobs, and most important

'India-Europe-Middle East corridor largest cooperation project in history'

Welcoming the announcement of the ambitious India-Middle East-Europe Economic Corridor (IMEC), Israeli Prime Minister Benjamin Netanyahu has described it as the "largest cooperation project in our history" that will "change the face of the Middle East, Israel, and will affect the entire world". The new economic corridor, which many see as an alternative to China's Belt and Road Initiative, was jointly announced on Saturday by the leaders of the US, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union on the sidelines of the G20 summit in New Delhi. In a video message released late Saturday evening, Netanyahu said that Israel is at the focus of an unprecedented international project that will link infrastructure from Asia to Europe. "I welcome the statement that was released today by the United States, India, Saudi Arabia, the UAE and the European Union, as well as France, Italy and Germany," Netanyahu said. "A good week to you, citizens of ..

G20: India-Middle East-Europe mega connectivity corridor deal announced

A connectivity corridor through India, the Middle East and Europe will soon be launched, sources said on Saturday. They said it will be a historic and first of its kind initiative for cooperation on connectivity and infrastructure involving India, the UAE, Saudi Arabia, the Europian Union, France, Italy, Germany and the US. The development comes amid the ongoing G20 summit which, in a major diplomatic breakthrough for India, agreed on a join declaration.

India-Middle East-Europe economic corridor launched at Delhi G20 Summit

Lauding the launch of the India-Middle East-Europe connectivity corridor, Prime Minister Narendra Modi said that a historic agreement was concluded today

US to sign Mideast-India-EU rail and shipping deal during G20 Summit

The plan is more than just an infrastructure project, US Deputy National Security Adviser Jonathan Finer told reporters Saturday in New Delhi on the first day of the Group of 20 summit

Israel PM pitches fiber optic cable idea to link Asia-Middle East to Europe

Israel's prime minister on Sunday floated the idea of building infrastructure projects such as a fiber optic cable linking countries in Asia and the Arabian Peninsula with Europe through Israel and Cyprus. Prime Minister Benjamin Netanyahu said he's quite confident such an infrastructure corridor linking Asia to Europe through Israel and Cyprus is feasible. He said such projects could happen if Israel normalises relations with other countries in the region. The 2020 U.S.-brokered Abraham Accords normalised relations between Israel and the United Arab Emirates and Bahrain, and the Bidensadministration is trying to establish official ties between Israel and Saudi Arabia. An example and the most obvious one is a fiber optic connection. That's the shortest route. It's the safest route. It's the most economic route, Netanyahu said after talks with Cypriot President Nikos Christodoulides. The Israeli leader's pitch is itself an extension of proposed energy links with Cyprus and Greece as

Niger junta's 3-year plan is a 'provocation,' says West African bloc

The West African bloc ECOWAS rejected the proposal by Niger's mutinous soldiers for a three-year transition to democratic rule, with a commissioner describing the slow timeline as a provocation. The door for diplomacy with Niger's junta remained open but the bloc is not going to engage in drawn-out talks that lead nowhere, Abdel-Fatau Musah, the ECOWAS commissioner for peace and security, told The Associated Press in an interview Wednesday. It is the belief among the ECOWAS heads of state and also the commission that the coup in Niger is one coup too many for the region and if we allow it then we are going to have a domino effect in the region and we are determined to stop it, Musah said. While direct talks and backchannel negotiations are ongoing, he said the door to diplomacy wasn't open indefinitely. We are not going to engage in long, drawn out haggling with these military officers We went down that route in Mali, in Burkina Faso and elsewhere, and we are getting nowhere, Musah

17 Indians held captive in Libya return home after six months of ordeal

The Embassy of India in Tunisia said they had successfully repatriated 17 Indians from Punjab and Haryana on August 19, who were detained in Libya since February this year.On their social media account X (formerly known as Twitter), Indian Embassy in Tunisia said, "The Embassy of India to Libya successfully repatriated 17 Indian Nationals from Punjab and Haryana (on 19 August 2023), who were detained in Libya since February 2023. The Indians safely reached India on 20 August 2023 by Gulf Air flight at 2030 hrs."AAP Rajya Sabha MP Vikramjit Singh Sahney, on Monday, who had played a role in facilitating the evacuatioon said that 17 youth mostly hailing from Punjab and Haryana were evacuated from Libya after Tripoli jail released them last month. They were in Libya for the past six months because of travel agents who duped them on the pretext of sending them to Italy.On the social media account X, Vikramjit Singh Sahney asked Punjab's Chief Minister Bhagwant Mann and Chief Minister of ...

Poor man's cocaine: $3 narcotic pill sold in Gulf a worry for the world

Already popular in parts of the Middle East with everyone from teenagers to low-income construction workers, the narcotic is easy to make

Biden's inaction as Middle East violence surges is weak: Palestine minister

The Palestinian foreign minister on Thursday attacked the Biden administration as weak and passive in the Middle East, as violence between Israel and the Palestinians surges to its highest levels in nearly two decades. The comments by Riad Malki reflected the Palestinian frustration with US. President Joe Biden, who initially won plaudits from the Palestinians when he rejected the Trump administration's unabashedly pro-Israel stance. But Biden so far has done little to follow through on that vision I'm frustrated, Malki told members of the Foreign Press Association, an organisation representing international media outlets in Israel and the Palestinian territories. It seemed that (Biden) wanted to change all policies Trump has taken, but not when it comes to Palestine. Pressured by Israel's far-right government, increasingly isolated in the Arab world and running out of money, the Palestinian Authority is confronting what analysts say could be its greatest threat to its ...

US to send more warships to Gulf to tackle Iran's efforts to seize ships

The US is sending additional warships and thousands of Marines to the Middle East to increase security in the wake of Iranian attempts to seize commercial ships there. Defence Secretary Lloyd Austin on Thursday approved the deployment of the USS Bataan amphibious readiness group and the 26th Marine Expeditional Unit to the Gulf region, according to US officials. The readiness group consists of three ships, including the Bataan, an amphibious assault ship. An expeditional unit usually consists of about 2,500 Marines. In an announcement, US Central Command said the deployment will provide "even greater flexibility and maritime capability in the region. The announcement did not name the ships, but US officials detailed the units involved in the deployment on condition of anonymity to discuss troop movements. Along with the Bataan, the group includes two other warships, the USS Mesa Verde and the USS Carter Hall. The group left Norfolk, Virginia, earlier this month. It was unclear ...