Middle East conflict raises stagflation risks for global economy, Asia, Europe more vulnerable: Report
NEW DELHI: The ongoing conflict in the Middle East and the effective closure of the Strait of Hormuz since the start of March have introduced a stagflationary risk to the global economy, according to
Sri Lanka announces 4-day work week, declares Wednesdays off to save fuel amid Hormuz crisis
COLOMBO : Sri Lanka has moved to a four-day workweek as part of emergency measures to conserve fuel reserves amid a deepening global energy crisis triggered by tensions around the Strait of Hormuz. According
Iran-Israel tensions create logistical challenges for India’s trade: Commerce Secretary
NEW DELHI: As the West Asia conflict entered its third week, Shri Rajesh Agrawal, Commerce Secretary on Monday flagged the logistical challenges for trade for India. Speaking about the situation, the Commerce Secretary said,
Transworld launches Dedicated Air Charter Initiative to Strengthen India–UAE Food Supply Corridor amid Middle East Crisis
DUBAI: In a move aimed at strengthening food security and ensuring uninterrupted supply of essential commodities, Transworld Group has announced a new logistics initiative to facilitate the transportation of food and essential consumer products
Saudi Arabia launches initiative to reroute Gulf cargo to Red Sea ports
RIYADH: Saudi Arabia has launched an initiative to redirect shipping from ports in the Arabian Gulf to its Red Sea ports amid the ongoing US-Israel-Iran war. Transport Minister Saleh Al-Jasser, who also chairs the
IMO calls Extraordinary Council meeting to discuss situation in Middle East
LONDON: The International Maritime Organization (IMO) will hold an Extraordinary Session of its Council to address the impacts on shipping and seafarers of the situation in the Arabian Sea, the Sea of Oman and the
Middle East Conflict: Straits of Hormuz Transits remain 95% Down
LONDON: Clarksons Research, the data and analytics arm of the Clarksons Group have been closely monitoring shipping activity and markets impacted by the conflict. Summarising their latest update issued on Monday at 10.00 am
Adani Ports ready to handle critical energy cargo amid Gulf conflict : Karan Adani
NEW DELHI : As global supply chains face recurring disruptions from geopolitical tensions and shifting trade routes, resilient infrastructure and logistics networks will be critical to sustaining economic growth, said Karan Adani, Managing Director,