Tag Archives | Afghanistan

India to Invest $500m in Strategic Iranian Port

By John Lee. Indian Prime Minister Narendra Modi has announced that India will invest $500 million to develop the strategically important Chabahar port, close to Iran’s border with Pakistan. From Chabahar, India could access Afghanistan directly, without going through neighbouring Pakistan. “Afghanistan will get an assured, effective and a more friendly route to trade with […]

Rouhani praises ‘Historic’ day for Iran, India, Afghanistan

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. When Indian Prime Minister Narendra Modi arrived in Tehran on May 22, he tweeted in Persian to his 20 million plus followers, “I have entered Iran, a country with which we have civilizational bonds. […]

Pakistan to Develop Rail Corridors for Trade with Iran

Pakistani Commerce Minister Khurram Dastgir Khan said his country is very interested in laying modern railways and renovating existing routes for direct and transit trade with Iran and Afghanistan. Speaking in Islamabad, the minister said the Pakistani government considers railways as trade corridors because these would play a vital role in boosting Pakistani exports and […]

Rouhani Hopes for Enhanced Ties with Afghanistan

Iranian President Hassan Rouhani in a meeting with Afghanistan’s Chief Executive reaffirmed Tehran’s support for the Afghan nation and government, and urged the deepening and strengthening of mutual cooperation between the two neighboring countries. During the Thursday meeting with Abdullah Abdullah held on the sidelines of the Organization of Islamic Cooperation (OIC) Summit in the […]

India Approves $150m Chabahar Port Plan

By John Lee. India has approved a $150-million project to develop the strategic Iranian port of Chabahar [Chah Bahar], which includes a transit route to Afghanistan bypassing neighbouring Pakistan. AFP reports that New Delhi signed a multi-million-dollar memorandum of understanding with Tehran last May to develop the port on its southeastern coast, but final approval […]

Over 200 Foreign Investors Active in Iran Capital Market

The number of foreign shareholders in the capital market of Iran is now more than 200, the Managing Director of the Central Securities Depository of Iran (CSDI) has said. Last month 9 natural shareholders from Romania, Russia, South Africa, Italy, Britain (2 people), Kuwait, Pakistan, and Afghanistan received their codes to be active in the […]

Iran-India Energy Cooperation Opens New Horizons

By Dr. Reza Yeganehshakib, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Last month, Turkmenistan began construction of an ambitious $7.6 billion pipeline to export natural gas to India via Afghanistan and Pakistan. The project, known as TAPI (Turkmenistan-Afghanistan-Pakistan-India), will supply 33 million cubic meters […]

$30bn Electricity Projects for Foreign Investors

Iran plans to offer electricity generation projects worth €28 billion ($30 billion) to foreign investors. IRNA news agency quotes Energy Minister Hamid Chitchian (pictured) as saying that between 47,000 to 50,000 megawatts (MV) are expected to be added to generating capacity over the next 10 years, requiring an investment of $5 billion per year in […]

9-Month Gasoil Exports to Afghanistan at 133m litres

By John Lee. Iran has exported 133 million litres of gasoil to neighboring Afghanistan from Dogharoon economic zone in the 9 month since the calendar year’s start in March 20. A customs official, Mohammad Mahdi Qaraei, told Shana that 28 export companies exported 96.3 million tons of the item to Afghanistan during the same period. […]

Iran Demands Rights to Helmand Water

“One of our main demands in our negotiations with Afghanistan is Iran’s right to the Helmand water“, says Foreign Minister Mohammad Javad Zarif (pictured). Following the 1857 separation of Afghanistan from mainland Iran, the then Afghan government refused to allow the Iranian side to enjoy its water right from the Helmand river. Helmand water rights […]

Iran gives 30-day visas at airports

By John Lee. Iran is to start issuing 30-day visas for tourists from 58 countries upon arrival at its airports. The Persian-language newspaper Donya-ye Eqtesad says the visas can be extended by 15 more days. Foreign tourists could previously get 14-day visas at Iran’s airports and their visas could not be extended. Eligible countries are: […]

Iran ‘Key Player’ in Global War on Drugs

By Amir-Pasha Tabrizian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Shortly after the announcement of the Joint Comprehensive Plan of Action (JCPOA) in July, thousands of Iranians took to the streets to celebrate the historic nuclear deal. “[Foreign Minister Mohammad Javad] Zarif, thank you,” […]