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  • UK Prime Minister Lobbying Germany Over Eurofighter Sale To Saudi Arabia

    As one of the four nation partners in the Eurofighter program, Germany has been delaying a follow-on sale of 48 aircraft to Riyadh because of Saudi Arabia’s involvement in the conflict in Yemen and over the death of journalist Jamal Khashoggi in Istanbul five years ago. A memorandum of intent was agreed to in early 2018 and is potentially worth more than £5 billion ($6 billion).

  • The India-Middle East-Europe Corridor: Challenges Ahead

    This ambitious project aims to establish a seamless trade route connecting India, the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Jordan, Israel, and Europe, with the potential to revolutionize global trade dynamics. The IMEC is expected to facilitate international trade by creating a consolidated trade route that will reduce trade costs, promote market access, and encourage investment opportunities between the participating countries. It is also expected that such a gigaproject will enhance regional connectivity by improving transportation infrastructure, cross-border cooperation, energy supply, and logistical efficiencies.

  • Israel may not get all that it hopes for from the proposed India-Europe trade corridor

    Moreover, the project as proposed ignores the Turkish economy, which is the largest non-oil economy in the Middle East. In addition, Turkiye is the first country in the region in terms of relevant infrastructure, and which is geographically and logistically integrated with Europe. The project also crosses the Mediterranean, where Turkish influence cannot be ignored. Excluding countries on political or ideological grounds will put obstacles in the way of its implementation.

  • New India-EU trade route: Bringing the Gulf states closer?

    The US' deputy national security adviser, Jon Finer, spoke in more realistic terms about the project. It would benefit low- and middle-income countries in the region and also enable the Middle East to play an important role in global trade, he said during the G20 summit. But of course, there was more to the new trade corridor than trade, he noted.

  • Israel says framework Saudi normalisation deal possible by early 2024 | Reuters

    A framework U.S.-brokered deal for forging relations between Israel and Saudi Arabia could be in place by early next year, the Israeli foreign minister said on Thursday after the three countries signalled progress in the complex negotiations. An Israeli-Saudi normalisation would dramatically redraw the Middle East by formally bringing together two major U.S. partners in the face of Iran - a foreign-policy flourish for President Joe Biden as he seeks reelection in late 2024.

  • An India–Middle East–Europe corridor is unlikely to boost Saudi–Israel normalization

    This rail and shipping route would include advanced fibre optics, clean hydrogen pipelines and economic zones stretching from India, through the UAE, Saudi Arabia, Jordan and Israel, to Piraeus Port in Greece. A working group will lay out timetables, financing plans and projects in the next two months. If it materializes, the grandiose project could create a new dimension of economic integration between the Middle East, South Asia and Europe.

  • Report: Saudi-backed EU venture aims to incentivize Israeli-Palestinian peace

    Saudi Arabia, the European Union, the Arab League and other international partners will unveil an initiative Monday aimed at incentivizing Israel and the Palestinian Authority to strike a peace deal.

  • ‘Game-changing investment’: Biden on India-Middle East-Europe Economic Corridor

    European Union President, Ursula von der Leyen, pinpointed the efficiency the corridor promises by significantly reducing travel time by 40%, articulating it as the "most direct connection between India, Middle East, and Europe."

  • Memorandum of Understanding on the Principles of an India – Middle East – Europe Economic Corridor

    Pursuant to this Memorandum of Understanding, the Governments of the Kingdom of Saudi Arabia, the European Union, the Republic of India, the United Arab Emirates (UAE), the French Republic, the Federal Republic of Germany, the Italian Republic, and the United States of America (the “Participants”) commit to work together to establish the India – Middle East – Europe Economic Corridor (IMEC). The IMEC is expected to stimulate economic development through enhanced connectivity and economic integration between Asia, the Arabian Gulf, and Europe.

  • Memorandum of Understanding on the Principles of an India – Middle East – Europe Economic Corridor

    Pursuant to this Memorandum of Understanding, the Governments of the Kingdom of Saudi Arabia, the European Union, the Republic of India, the United Arab Emirates (UAE), the French Republic, the Federal Republic of Germany, the Italian Republic, and the United States of America (the “Participants”) commit to work together to establish the India – Middle East – Europe Economic Corridor (IMEC). The IMEC is expected to stimulate economic development through enhanced connectivity and economic integration between Asia, the Arabian Gulf, and Europe.