INDIA MIDDLE EAST EUROPE ECONOMIC CORRIDOR
Mizoram CM Lalduhoma chairs high-level task force meeting on north east economic corridor
Mizoram Chief Minister Lalduhoma, leading the North East Economic Corridor Task Force, emphasized infrastructure development to boost regional connectivity and cross-border trade. He highlighted Mizoram's low road density and sought focused attention on critical sectors.
From ports to policies: How Dubai is rewiring the future of trade
Dubai’s integrated logistics, CEPA-driven trade growth, green infrastructure, and hubs such as Bharat Mart are powering its rise as a global trade leader.
Gulf airspace reopens: Flights resume amid easing tensions
Air India, Air India Express, and IndiGo are restarting flights to the Middle East and Europe. This follows the reopening of airspaces after recent closures. Gulf carriers like Qatar Airways are also resuming services. Air India expects operations to normalize by June 25. Flights to the US East Coast and Canada will resume soon.
Is your flight to the Middle East back on?
Escalating tensions in the Middle East have led to significant flight disruptions, with major airlines suspending routes and rerouting flights due to airspace closures. Countries like Iran, Iraq, and Israel have intermittently closed airspace, forcing airlines to take longer, more costly routes. Passengers face cancellations, extended flying times, and inflated ticket prices, with disruptions expected to persist into July.
Israel-Iran war: Air India to resume flight operations in parts of West Asia as airspaces gradually reopen
Air India will resume Middle East flights in phases. Operations will mostly restart by June 25. Flights to Europe are being reinstated from Monday. Services to the US and Canada will restart soon. Some flights may face delays. The airline prioritizes passenger safety. This follows disruptions due to regional tensions. Passengers should check for updates on the Air India website.
Strait of Hormuz blockade looms: Asian countries most vulnerable to Iran's trump card
A potential blockade of the Strait of Hormuz, a vital route for oil exports, threatens Asian economies heavily reliant on Middle Eastern crude. China, India, South Korea, and Japan face significant disruptions, with limited alternative supply options available. While some countries are diversifying sources and preparing reserves, a full closure would severely impact global oil accessibility.
- Go To Page 1
Qantas jet takes 15‑hour flight to nowhere due to Mideast crisis
A Qantas Airways flight from Perth to Paris was forced to return to its origin after 15 hours due to an Iranian missile attack causing airspace closures in the Middle East.
India's aviation watchdog DGCA cancels planned Air India audit, sources say
India's aviation safety watchdog has cancelled its scheduled visit to Air India's headquarters for an annual regulatory audit. This decision comes as Air India suspended operations to the Middle East, Europe, and the East Coast of North America due to escalating Israel-Iran tensions. The airline is currently managing the crisis, prompting the audit's postponement.
Air India suspends flights to and from Middle East, North America & Europe after Iran's attack on Qatar
Air India has suspended flights over Middle Eastern airspace after Iranian missile strikes on bases in Iraq and Qatar. This decision follows escalating regional tensions and the temporary closure of Qatari airspace, a vital transit route. Air India Express has already diverted and cancelled flights, with other airlines also suspending Middle East flights.
ET Graphics: Risks to India amid the Middle East conflict
Escalating tensions between Iran and Israel pose a threat to India's energy security, potentially triggering a surge in oil prices and subsequent inflation. Experts caution that oil reaching $100 per barrel could elevate both wholesale and retail inflation. While oil marketing companies might moderate the retail impact, sustained high prices over nine months could significantly affect India.
Flight operations affected as Qatar shuts airspace
Due to escalating Middle East tensions and Qatar's airspace closure, airlines are experiencing significant disruptions. Air India Express diverted flights, while Air India suspended flights over the region for 24 hours. IndiGo and Akasa warned of potential delays, with several international carriers cancelling or rerouting flights to major Gulf hubs, impacting global air traffic.
Iran stands alone against Trump and Israel, stripped of allies
Iran faces isolation as US and Israel intensify actions. Traditional allies like Russia and China offer limited support. Militia groups are hesitant to assist Iran. The geopolitical landscape of the Middle East is undergoing a significant shift. Donald Trump's aggressive stance marks a departure from previous policies. Benjamin Netanyahu hints at broader goals beyond nuclear containment.
Kazakhstan, logistics hub of the Eurasia, rises on the world stage
Kazakhstan is rapidly becoming a pivotal Eurasian logistics hub, strategically positioned within the Middle Corridor. Bolstered by significant investments in roads, railways, ports, and aviation, the nation is poised to reshape global trade routes. Transit volumes are projected to surge to 100 million tons annually by 2030, driven by strategic agreements and infrastructure modernization.
Air India to reroute flights amid Gulf tensions, warns of delays on routes to Europe, North America, & Middle East
Air India is changing its flight routes. This is to avoid unstable airspace in the Gulf. Flights to the Middle East, Europe, and North America will take longer. The airline is avoiding Iran, Iraq, and Israel. The change affects flights to UAE, Qatar, Oman, and Kuwait. Air India prioritizes passenger and crew safety. They are monitoring the situation closely.
European shares edge up as US stalls its Middle East moves
European stocks rebounded, ending a three-day losing streak as concerns over escalating Middle East tensions eased. The STOXX 600 index closed marginally higher, buoyed by hopes of diplomatic negotiations between Iran and European officials. Travel and leisure stocks led the gains, while energy shares lagged.
Planned East Coast Freight corridor is top priority: DFCCIL MD
The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) prioritizes the East Coast Freight Corridor, running from Kharagpur to Vijayawada, for approvals among three proposed cargo tracks. Detailed project reports worth Rs 4.5 lakh crore have been submitted to the Railway Boards. Refinancing of World Bank loans is also underway, with potential involvement from the Indian Railway Finance Corporation (IRFC).
All routes lead to Mideast and Iran-Israel war won’t shut down the 'Silicon Road'
Asian companies are increasingly focusing on the Middle East. Saudi Arabia, Qatar, and the UAE are investing heavily in new industries. This attracts firms from South Korea, China, and India. Banks from London, Singapore, and Tokyo are also showing interest. More companies are using banks to facilitate business in this region. Chinese and Japanese lenders are gaining recognition in Dubai.
India, Croatia call for disruption of terror financing networks, bringing perpetrators to justice swiftly
India and Croatia strengthen ties after Narendra Modi's visit. Both nations condemn terrorism and seek to disrupt terror financing. They express concern over the Middle East security situation. They support peace in Ukraine based on international law. Both countries aim to improve connectivity via the India-Middle East-Europe Economic Corridor.
India’s largest port in the making to raise Rs 30,000 crore debt
The Vadhvan Port Project, set to be India’s largest port, plans to raise up to ₹300 billion ($3.5 billion) in long-term debt, offering lenders a chance to invest in a key part of Prime Minister Modi’s infrastructure vision. Owned mainly by Jawaharlal Nehru Port Authority and Maharashtra Maritime Board, the $9 billion port aims to handle 23 million containers annually by decade’s end.
Modi in Cyprus: A subtle masterstroke aimed at Turkey?
Prime Minister Modi's visit to Cyprus, the first in two decades, signals a strategic realignment for India in the Eastern Mediterranean. Beyond economic cooperation, it subtly addresses Turkish assertiveness, especially given Ankara's ties with Islamabad. Cyprus's location and EU membership offer India a valuable gateway to Europe and a potential role in the IMEC corridor.
Why Adani’s $1.2 billion stake in Haifa Port is more than just business
Following an Iranian missile strike that damaged the Bazan oil refinery and heightened regional tensions, Adani Group's Haifa Port investment faces increased scrutiny. Despite denials of damage, the port's strategic importance to Israel and India's IMEC corridor plans underscores the risks of operating in a conflict zone.
India expects EU trade deal by year end as Cyprus pledges support
India anticipates finalising a free trade agreement with the European Union by year's end. Narendra Modi and Nikos Christodoulides discussed expanding economic ties. Cyprus aims to be a key entry point to Europe. The India-Middle East-Europe Corridor is expected to foster regional peace and prosperity. Cyprus will prioritize stronger EU-India relations during its 2026 EU presidency.
India, Cyprus to develop roadmap to give strategic direction to bilateral partnership: PM Modi
India and Cyprus will create a roadmap for their partnership. Focus will be on defence industry cooperation. A dialogue on cyber and maritime security will start. Narendra Modi thanked Cyprus for supporting India against terrorism. Real-time information exchange will be developed. Both nations share views on UN reforms. They support India's Security Council membership.
PM reaches Cyprus; President Nikos Christodoulides receives Modi at airport
Prime Minister Modi's visit to Cyprus, the first in over two decades, aims to strengthen strategic ties, leveraging Cyprus's location and stance against Turkish expansionism. Discussions focused on Cyprus's role in the India-Middle East-Europe Economic Corridor and energy diversification. Both nations share similar views on international issues and support a UN-backed resolution for the Cyprus issue.
India Space Congress to begin on June 25 in Delhi; bring together policymakers, industry leaders
The India Space Congress (ISC) is scheduled for June 25, bringing together global leaders to discuss the burgeoning private space sector in India. With participation expected from 40 countries, the event aims to foster investment and collaboration in India's space economy, projected to reach USD 44 billion by 2033.
IMEEC to have profound impact on world connectivity, says EAM Jaishankar
External Affairs Minister Jaishankar emphasized the importance of connectivity in diplomacy, highlighting the transformative potential of the India-Middle East-Europe Economic Corridor (IMEEC). Once completed, IMEEC will provide a significant land and sea-based route to Europe, extending to the Pacific.
India & Italy agree to deepen ties in aerospace, agri, energy transition
India and Italy are set to boost collaboration in key sectors like aerospace, energy transition, and agriculture, as announced by the government. Both nations aim to establish joint working groups in the automobile and space industries, while also exploring opportunities in sustainable agriculture and renewable energy. Furthermore, they intend to facilitate the movement of skilled professionals between the two countries.
India commits $20 bn for maritime infrastructure development, says Sarbananda Sonowal
India has pledged USD 20 billion towards infrastructure development, prioritizing multimodal logistics, port connectivity, and trade facilitation, according to Union Minister Sarbananda Sonowal. He emphasized India's growing maritime capabilities and called for greater partnerships in seafarer recruitment. Strategic corridors like IMEEC, EMC, and INSTC are strengthening maritime connectivity and supply chains.
Piyush Goyal meets Italian business leaders in Milan, to co-chair meeting with Italy’s Deputy PM
Piyush Goyal is visiting Italy to boost economic ties. India and Italy will explore collaboration in areas like the India-Middle East-Europe Economic Corridor. They will also focus on Industry 4.0, agritech, and energy transition. Goyal will co-chair the India-Italy Joint Commission for Economic Cooperation with Antonio Tajani.
Load More
