Region Mediterranean Financial News

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European Union and will be more visible in the Mediterranean region in future as he discussed regional and global issues with Spanish counterpart Jose Manuel Albares. Jaishankar is here on a two-day visit — his first to Spain as the external affairs minister — nearly two-and-a-half months after Spanish President Pedro Sanchez visited India.

participative diplomacy, External Affairs Minister S Jaishankar on Saturday said that the general sort of the needle is moving more towards the reality of a negotiation than the continuation of the Russia-Ukraine war. Jaishankar also highlighted the impact of the conflict situations in the Gulf and the Mediterranean region on countries all over, including India, in terms of cost escalation for oil, fertilisers and shipping etc. Visiting Doha to participate in the Doha Forum at the invitation of Prime Minister and Minister of Foreign Affairs of State of Qatar Mohammed bin Abdulrahman and was addressing a panel along with him and Norway's Foreign Minister Espen Barth Eide. Answering a question about the situation in the Gulf region and the latest in Syria, the External Affairs Minister highlighted how there is a widening of conflict and gave examples of Israel-Iran firing at each other; said how the situation in Red Sea is impacting shipping for Asia, and then, referred to a previous session of journalists who said even when the job is tough, journalists need to do it.

Pedro Sanchez will begin a three-day official visit to India on Sunday-the first by a Spanish head of government in 18 years-which officials said will focus on defence industry partnership and cooperation in infrastructure and the Mediterranean region. Sanchez will land in Vadodara within 24 hours of German chancellor Olaf Scholz's departure from India, making it a back-to-back meeting with two European heads of government for Prime Minister Narendra Modi. In Vadodara, Sanchez and Modi will inaugurate the Tata Advanced Systems Ltd's (TASL's) final assembly line facility for the C295 aircraft on Monday, according to officials.

Officials from nine southern European Union member countries are focused on harnessing offshore wind and solar energy

India Middle East Europe Economic Corridor (IMEC) will strengthen maritime security and reduce New Delhi’s dependence on certain routes, commerce and industry minister Piyush Goyal said Friday. “I am sure the India Middle East Europe Economic Corridor will add to maritime security and reduce reliance on few routes that can become detrimental to maritime security and add faster and lower cost connectivity,” Goyal said at the India Mediterranean Business Conclave 2024 organised by the Confederation of Indian Industry (CII). Suggesting to setup a working group on tourism with the Mediterranean countries, he said that a collaboration between the countries of the Mediterranean region and India could provide a win-win situation for both.

Republic Day, issuing an 'orange alert' for January 26, as per a PTI report. Until 8.30 am, visibility in the national capital is expected to be limited to only 400 metres due to the foggy weather. However, there is a forecast for improvement, with visibility levels expected to reach 1,500 metres by 10.30 am.

Kyriakos Mitsotakis, Prime Minister of Greece, is planning an India trip next month, a little over six months since PM Narendra Modi visited Athens to elevate ties to strategic partnership.

NEW DELHI : The healthiest of cooking oils now comes with an even heftier price tag as climate change-induced droughts, heat waves, and wildfires scorch olive plantations in southern Europe. Extreme weather events for the second straight year in the olive-producing region have nearly halved global harvests, driving up olive oil prices to a record. Benchmark retail prices rose to a record high of $9,000 per tonne in October, showed data from the US department of agriculture.

Dutch airline (CD), will implement exclusive “Only Adult” zones on its flights. By introducing this feature, Corendon aims to provide a tailored experience for travellers who prefer a child-free environment. The airline will pilot the no kids area on its 10-hour flights between Amsterdam and the Caribbean island of Curacao, charging passengers an additional 45 euros ($49) for a standard seat or $100 for an XL seat, for the privilege of sitting in the “Only Adult” zone. They will block the first 12 rows of the airline and will comprise of 93 standard seats and nine extra-large seats, curtained off from the rest of the aircraft, with a strict over 16s rule. “This zone in the aircraft is intended for travelers traveling without children and for business travelers who want to work in a quiet environment,” the airline said in a press release, adding that it would also benefit parents of young children who may worry less about upsetting other passengers. This is not the first time that an airline has introduced such rule.

Nile Delta to floodgates that protect Venice, projects to keep the sea from swallowing the land are multiplying. Some scientists are beginning to consider ideas once dismissed as crackpot, such as damming the Strait of Gibraltar to keep sea levels in check. Much of the Mediterranean region has been in the grip of a fearsome heat wave in recent weeks, raising mortality rates and putting pressure on overstretched healthcare systems, with the elderly especially at risk.

New Delhi: While Indian business leaders recently met the president of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso, they are yet to make concrete investment commitment with the multilateral development bank that funnels investments to build market economies, two people with direct knowledge of the matter said. “They are on wait and watch mode on investment opportunities," one of the two people cited above said. Basso, who assumed office as the first woman to chief of the EBRD on 19 July, met with Indian business leaders in New Delhi, to discuss investment opportunities in the countries where the bank operates.