-
ALEX BODI turns to CRIF for transparent investment and rigorous money laundering prevention
-
Indian court releases 'cockroach' movement leaders from detention
-
The 'cockroach' protests against India's election body
-
Indonesia releases eight orangutans rescued from fires to protected forest
-
Power, water, jobs: Google on India data centre concerns
-
Russian Yandex data centre operations disrupted after drone strike
-
Google faces backlash against India data centre
-
Architect fights to save India's past, built on 'stone, tears and sweat'
-
Trump urges Zelensky replacement as diesel row rages
-
Hurricane Simon strengthens as it nears western Mexico
-
New Yorkers snap up discarded subway signs, seats at annual sale
-
'Everyone is angry': Okinawans fearful and frustrated after killing
-
Messi nets brace to win in first match after Argentina exit
-
Trump's trade wars sting US manufacturers ahead of midterms
-
Ravindra fit for New Zealand ODI series against India
-
Kenyan great Kipchoge wins first marathon in three years
-
All Blacks lose four players for second Wallabies Test
-
Barca extend perfect streak, Real Madrid survive Vinicius red
-
Spanish women return to action with 2-0 friendly win over USA
-
PSG ease to Ligue 1 win before Manchester City test
-
Bordeaux-Begles end wait for away win before Champions Cup defence
-
Real Madrid edge Villarreal, Vinicius sent off for hair pull
-
Traumatized Panamanians begin quake recovery
-
Carrick demands more 'streetwise' Man Utd after Spurs setback
-
Palestinian Mahmoud Abu Hamda wins top photography prize at Bayeux
-
10-man Tottenham ramp up pressure on Man Utd boss Carrick
-
Inter Milan dominate Parma to go top of Serie A
-
India 'cockroach' movement says thousands detained in Delhi protest
-
Barca extend perfect streak, Atletico scrape late win
-
Injury ends season for NHL Rangers star goalie Shesterkin
-
10-man Tottenham strike back to hold Man Utd
-
Ten-man Spurs rescue draw at Man Utd, Arsenal survive Leeds scare
-
Gordon nets first Barca goal as Liga leaders beat Getafe
-
Inter Milan dominate Parma to go top in Serie A
-
Trump, Zelensky clash over diesel deal as Russian strikes kill 21
-
Abbas postpones Palestinian legislative elections to September 2027
-
Thousands join pro-Palestinian marches in several European cities
-
'I don't feel fear': Fulham boss Arbeloa hits back as pressure mounts
-
Sleightholme scores hat-trick as Northampton overwhelm Bath in 18-try clash
-
Hurricane Simon strengthens to category 4 as it nears western Mexico
-
US lethal injection survivor returns to prison
-
Alonso hails Henderson 'beauties' as Chelsea star rolls back the years
-
누샤 아우벨: 연 기본급 143,056유로 — 포츠담 시민은 돈줄 취급을 받으며 부담을 떠안아야 한다
-
Noosha Aubel: roční základní plat 143 056 eur — a obyvatelé Postupimi mají sloužit jako dojné krávy
-
Renshaw ends long wait to put Australia on top in first S.Africa Test
-
Romero claims Atletico late win at Alaves
-
ヌーシャ・アウベル:年間基本給143,056ユーロ――ポツダム市民は金づるとして負担を強いられる
-
Zelensky blasts diesel deal as Russian strikes kill 16
-
Noosha Aubel: 143 056 euro rocznego wynagrodzenia zasadniczego - a mieszkańcy Poczdamu mają służyć za dojne krowy
-
Arsenal back on track after Leeds scare, five-star Chelsea run riot
Merz heads to Gulf as Germany looks to diversify trade ties
German Chancellor Friedrich Merz headed to Saudi Arabia on Wednesday to kick off a Gulf tour as the biggest EU economy seeks to diversify its key trade and energy partnerships.
In a turbulent world where US President Donald Trump has rocked long-standing transatlantic security and economic ties, Germany is racing to cement alternative relationships worldwide.
Joined by a business delegation, the conservative leader will meet with Saudi Crown Prince Mohammed bin Salman, then travel to Qatar and the United Arab Emirates on his whistlestop tour until Friday.
"In the geopolitical environment in which we operate, we must intensify our partnerships with important and influential states in the world. The Gulf states are among them," a senior German official said ahead of Merz's trip.
A second official said Germany wanted to "strengthen trade and export opportunities, increase and incentivise foreign investment" and "diversify our supply chains... especially in the energy sector".
Germany has long exported defence goods and sealed major infrastructure deals in the Gulf region, whose wealthy monarchies have in turn used their energy riches to invest in German corporate giants from Volkswagen to Deutsche Bank.
When Russia's 2022 invasion of Ukraine led to sharply lower Russian energy supplies, Berlin turned to Doha to step up liquefied natural gas imports that got it through the following winter.
Berlin has now accelerated efforts to lessen its reliance on American LNG and wants to increasingly bank on green hydrogen generated through clean energy to achieve its climate targets.
Saudi Arabia and other Gulf states have meanwhile been moving to diversify away from oil and gas, investing heavily in sectors from renewables to tourism, logistics and AI.
- Regional tensions -
"In times of geopolitical tension and a global realignment, further intensifying relations with the Gulf States sends an important signal," said the Federation of German Industries.
The business group called on Berlin to "serve as a driving force" in ongoing negotiations on a free-trade deal between the EU and the UAE, and eventually with the Gulf Cooperation Council.
Merz visited India last month shortly before the EU and the South Asian giant sealed a trade deal cheered by Berlin, which is also pushing for quick implementation of an agreement with South America's Mercosur bloc.
Andreas Lenz, an economic and energy policy expert from Merz's CDU/CSU parliamentary group, said the Gulf held significant potential for German business.
"The region is very interested in German technology," including in the auto, chemical, mechanical engineering and medical tech sectors, Lenz told Phoenix TV.
On the issue of whether Merz would also address human rights concerns in the region, Lenz said that any overt displays of "moral arrogance" would be "rather counterproductive".
A government spokesman on Wednesday said only that "certainly topics where we have differing opinions will be addressed".
As an export-driven economy, Germany values stability in the Middle East, in part to safeguard key shipping lanes.
Merz is visiting Riyadh, Doha and Abu Dhabi at a time of high political tensions centred on Iran after it launched a bloody crackdown on demonstrators.
Merz has not held back with his disdain for the leadership in Tehran, last week condemning "a regime that can only hold onto power through sheer violence and terror against its own population".
Germany, with its dark history of World War II and the Holocaust, has for decades been a steadfast ally of Israel, but also criticised it for its conduct during the war in Gaza.
Merz will also be visiting the UAE as it hosts the latest round of talks to end the Ukraine war, involving Trump's envoy Steve Witkoff as well as Jared Kushner, the president's son-in-law.
L.Janezki--BTB