- Adani Group has acquired Haifa Port for $1.2 billion in the presence of Israeli Prime Minister Benjamin Netanyahu. Under this deal, Adani Group will set up an Artificial Intelligence Lab in Tel Aviv.
- Adani Group chairman Gautam Adani, whose business empire was rocked by allegations of fraud by US short-seller Hindenburg Research, appeared alongside Israeli Prime Minister Benjamin Netanyahu for the signing of the deal to takeover Haifa Port and spoke of investment opportunities.
- Prime Minister Netanyahu described the Haifa port deal with the Adani Group as an “enormous milestone”, saying it will significantly improve connectivity between the two countries in many ways.
- The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise ships.
- Price growth is slowing down for two main reasons. First, monetary tightening around the world – high-interest rates reduce aggregate demand for goods and services and in turn slow down inflation. Second, prices of various commodities – both fuel and non-fuel – have come down from their recent highs in the face of faltering demand.
- India will be the fastest-growing economy – In the years 2023 and 2024, India will be the fastest-growing economy in the world. Growth in India will decline from 6.8% in 2022 to 6.1% in 2023, rising to 6.8% in 2024 with resilient domestic demand despite external challenges.
Adani Group has acquired Israel’s Haifa port
