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MIDDLE EAST TRADE CORRIDOR
US goods trade deficit widens sharply in May on importsThe goods trade gap increased 27.4% to $105.8 billion last month, the Commerce Department's Census Bureau said on Friday. Economists polle...
India 'strategic diplomatic driver' for IMEC: Columbia University projectA project from Columbia University has underscored India's crucial involvement in the India-Middle East-Europe Economic Corridor (IMEC), pr...
Iran seeks long-term role in managing Strait of Hormuz, eyes billions in annual feesIran is proposing new charges for security and services in the Strait of Hormuz, aiming to generate significant revenue and reshape its man...
Oil falls to pre-war levels on rising Middle East supplyOil prices have dropped to pre-Iran war levels as increased Middle Eastern supply overshadows demand worries. Flows through the Strait of H...
Rubio in Middle East tour says any Iran deal will ensure security of Gulf alliesU.S. Secretary of State Marco Rubio assured Gulf Arab allies that any deal with Iran would prioritize their security interests. Concluding ...
Kazakh President pitches for Middle Corridor to boost trade with EuropeKazakh President Tokayev's Brussels visit underscored the vital role of the Middle Corridor, a key Asia-Europe trade route, aligning with t...
Brent crude hits lowest since before start of Mideast war as more tankers exit HormuzGlobal oil prices plunged Wednesday, hitting multi-month lows as supply worries eased with tankers clearing the Strait of Hormuz. An interi...
Cummins India bets on local demand as Middle East conflict clouds exportsCummins India anticipates robust domestic demand to fuel its fiscal 2027 growth, despite ongoing Middle East geopolitical tensions impactin...
A giant rail bridge across the Gobi Desert in China is making people ask one big question: How?A massive rail bridge rising above China’s Gobi Desert is drawing global attention. Built to overcome shifting sands, powerful winds, and e...
Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strainA protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like...
JD Vance calls ceasefire 'a little messy', says US has made 'great progress' in Iran nuclear talksUS Vice President JD Vance announced significant headway in diplomatic talks with Iran, aiming for a lasting shift in Middle Eastern relati...
Middle East outages to keep aluminium market tight near-term, but Indonesia-China supply wave caps upside: Goldman SachsAluminium prices are expected to remain high in the short term due to ongoing Middle East disruptions, which are now projected to extend in...
Thailand revives $30 billion coast-to-coast corridor to rival Malacca StraitThailand plans a massive "Land Bridge" to connect the Andaman Sea and the Gulf of Thailand. This project aims to offer a new shipping route...
India-EU free trade deal to be inked by year-end: Ursula von der LeyenIndia and the European Union are set to sign a major free trade agreement by year-end. This follows talks between Prime Minister Narendra M...
Durable US-Iran peace deal to provide predictable environment for trade: CRFA US-Iran peace deal promises greater regional stability. This will benefit Indian exporters with reduced costs for shipping, insurance, an...
India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blowIndia's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabil...
Hormuz halt forces Middle East trade into huge rewiringA year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of ...