Gautam Adani's risky Middle East investments
Gautam Adani's major business moves in Israel are suddenly looking shaky, thanks to rising tensions between Iran and Israel. After recent Israeli airstrikes on Iranian targets, markets reacted fast—shares of Adani Ports fell as much as 3.2%, while Adani Enterprises declined 2.8%. It's a reminder that global politics can have real effects on big business.
Adani's Middle East plans are in limbo
Adani owns most of Haifa Port, a key spot for Israeli trade, but the ongoing conflict is causing shipping delays and route changes. His defense partnership building drones for Israel could see more demand—but also faces serious challenges with things so unstable. On top of that, a $10 billion semiconductor project with Tower Semiconductor is now paused because of all the uncertainty. For now, it looks like Adani's Middle East plans are in limbo until things cool down.