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The future of the IMEC hinges on stable West Asiatory

The multi-State project could establish India as the Asian authority on trade instead of China. However, Delhi’s track record on economic corridors is mixed

US President Joe Biden, Saudi Arabian PM and Crown Prince Mohammed bin Salman and PM Narendra Modi seen during the launch of the India-Middle East-Europe economic corridor. The first-of-its-kind economic corridor will be a historic initiative on cooperation on connectivity and infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany, and the US.(AP)
Published on Nov 18, 2023 12:44 PM IST
ByManjari Chatterjee Miller,

Suez Canal blockage set to ripple through global energy market

The world’s busiest maritime trade route has been thrown into turmoil after the container ship ran aground on Tuesday, blocking traffic in both directions.

FILE - In this Aug. 12, 2014, file photo, Egyptian fishermen fish in front of a Maltese ship crossing the Suez Canal in Ismailia, Egypt. A massive cargo ship has turned sideways in Egypt's Suez Canal, blocking traffic in a crucial East-West waterway for global shipping, according to satellite data accessed Wednesday, March 24, 2021. (AP Photo/Amr Nabil, File)(AP)
Updated on Mar 24, 2021 11:04 AM IST
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