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Al Jazeera
Al Jazeera
Business

With the world in ‘turmoil’, a new ‘Quad’ comes into place

The West Asia Quad is part of the “hedging” strategy as countries look for new partnerships in a world in flux [Mandel Ngan/AFP]

New Delhi, India–The first meeting of heads of state and government of India, Israel, the United States and the United Arab Emirates (UAE) — dubbed the West Asian “Quad possibly see the announcement of a joint venture partnership on storage facilities for energy from renewables and another on the establishment of food corridors.

Also known as the “I2U2,” the meeting on Thursday will bring together the prime ministers of India and Israel (I2) – Narendra Modi and Yair Lapid — and the presidents of the US and the UAE (U2), Joe Biden and Mohammed bin Zayed al Nahyan. The new alignment is set against the backdrop of economic and political risks in an increasingly uncertain world with high inflation, soaring food and fuel prices and a pandemic that upended established ways of doing business.

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