Iran

Guiding Principles for Investment Policy making

During the Special Session of the D-8 Commission Meeting held under the chairmanship of Turkey, UNCTAD presented the key elements of the joint D-8 Organization for Economic Cooperation - UNCTAD Guiding Principles for Investment Policy making. Important agenda items regarding the forthcoming D-8 Summit Meeting were discussed. In January 2020, …

Quake hits near Iran's nuclear city Bushehr, 37 dead

A powerful earthquake struck close to Iran's only nuclear power station on Tuesday, killing 37 people and injuring 850 as it destroyed homes and devastated two small villages, Iranian media reported. The 6.3 magnitude quake totally destroyed one village, a Red Crescent official told the Iranian Students' News Agency (ISNA), …

IDB approves $617m for development projects

The Islamic Development Bank (IDB) — a bank set up by 56 Islamic nations — has approved financial assistance worth $617 million (approximately Rs 54.16 billion) for development projects in different countries including Nepal. The board meeting of the bank has decided to support education projects in Nepal, Botswana, Thailand …

Pakistan, Iran open pipeline project today

President Asif Ali Zardari is leaving for Tehran on Monday on a day-long visit to Iran to formally inaugurate Pak-Iran Gas Pipeline Project along with his Iranian counterpart Mahmoud Ahmadinejad. The President, despite the world pressure, has categorically stated that the gas pipeline project was very important to meet Pakistan’s …

Iran crisis may hit expansion plans of Indian refiners

Rs 8,000-crore capacity expansion plan by Chennai Petroleum Corporation may get affected Amid insurance woes, the US sanctions on Iran may well cast a shadow on expansion plans by Indian refiners. According to an official source, the Rs 8,000-crore capacity expansion plan by Chennai Petroleum Corporation Ltd (CPCL) may get …

Iran pipeline work to begin March 11

A consortium will start work next week on a much delayed $7.5 billion gas pipeline from Pakistan to Iran despite American warnings of possible sanctions, Pakistani officials said Friday. The date was announced after Pakistani President Asif Ali Zardari held talks in Tehran with Iranian counterpart Mahmoud Ahmadinejad and supreme …

Refineries here wait for govt lead on Iran crude oil import

Despite the uncertainty surrounding re-insurance for oil refineries over crude oil import from Iran, companies here are not perturbed yet about the United States’ sanctions in this regard. They said they believe the government would come out with a solution by June. Hit largely by the sanctions are the country’s …

Iran converting some higher-grade enriched uranium to fuel - official

Iran is converting some of its higher-grade enriched uranium into reactor fuel, the Iranian Foreign Ministry spokesman said. "This work is being done and all its reports have been sent to the International Atomic Energy Agency (IAEA) in a complete manner," Ramin Mehmanparast was quoted as saying on Tuesday by …

Oil imports from Iran down 35% from 2008-09

Ever since the ban on Iranian oil imports by European Union nations came into effect in February 2012, Indians oil companies have gradually reduced their dependence on oil from the West Asian country and put in place alternative arrangements. India aims to cut Iranian oil imports by around 15% every …

Tehran posits itself as provider of energy security

Tehran posits itself as an attractive transit destination Seeking closer economic ties, Iran posited itself as an attractive transit destination to other countries and a net provider of energy security at a press conference by top official Saeed Jalili, who is being spoken as a presidential candidate to replace Mahmoud …

Shackled by sanctions, Iran sends India SOS for life-saving drugs

Its healthcare system crippled by international economic sanctions, Iran has asked India for help to procure life-saving drugs for patients battling critical illnesses in that country. Tehran has put in an urgent request to New Delhi for drugs to treat lung and breast cancers; brain tumours; heart ailments; infections after …

Allow Pak gas pipeline into India: Iran

New Delhi: Iran made a pitch on Friday for the extension of its gas pipeline with Pakistan to India with its visiting chief of the Supreme National Security Council, Saeed Jalili, saying that Tehran had the “best capacity” to provide security for the pipeline. Iran’s chief nuclear negotiator, Jalili was …

Indian economy to outpace China’s by ’30: US report

It might be hard to visualize or believe in today’s messy, gridlocked, turmoil-ridden subcontinent, but the US intelligence community in a new report released on Monday says that by 2030, a surging India, along with decelerating China, will straddle global commerce and dominate the world economy amid the gradual decline …

KPK, Iran’s province sign MoU for coop in health sector

PESHAWAR - Khyber Pakhtunkhwa and Iran’s province Fars have agreed to form a joint technical working group to work on development of the health sector. Iran’s Fars province and Khyber Pakhtunkhwa Health Department have agreed to work together on public health, including primary healthcare management and medical education. A Memorandum …

Iran ready to double nuclear work in bunker: IAEA

Iran is set to sharply expand its uranium enrichment in an underground plant after installing all the centrifuges it was built for, a UN report said, a move likely to increase Western alarm about Tehran's nuclear course. It also showed that Iran's stockpile of its most sensitive nuclear material - …

A national strategy on energy security needed, says expert

“War in the Gulf will have profound effect on India” Observing that a war in the Gulf would have a profound effect on India, an American expert on the Middle East, Jon Alterman, said New Delhi needed a national strategy to deal with rising threat to its security, particularly on …

India will push Iran to abide by its nuclear obligations

Tehran: Prime Minister Manmohan Singh landed on his maiden visit to a country at a time when Iran is a bad name with the West and amid severe sanctions from the US and the European Union. Consider this: Iran is Israel’s favourite enemy and Israel is India’s particular friend. India’s …

Carbon efficiency failing to fight warming; Pakistan’s emissions up

A surge in carbon emissions from power demand in the developing world is overwhelming progress by nations, including China and the United States, in improving efficiency, new research shows. Seeking to cut costs, numerous nations in recent years have scaled back or revamped the dirtiest plants that use coal, which …

Iran quakes toll reaches 306; disease scare for survivors

Twin earthquakes that devastated rural villages in north-western Iran on the weekend killed 306 persons, most of them women and children, and have sparked fears of disease outbreak, officials said today. Another 3,037 persons were injured, of whom 2,011 were given first aid at the scene and the rest were …

Twin earthquakes in Iran kill 306 people, injure 3,037

Twin earthquakes that devastated rural villages in northwest Iran during the week-end killed 306 people — most of them women and children — and injured 3,037, Health Minister Marzieh Vahid Dastjerdi said today. The official toll, presented in a report to lawmakers and published on the Parliament’s Website, was a …

Thirsty South Asia's river rifts threaten "water wars"

A s the silver waters of the Kishanganga rush through this north Kashmir valley, Indian labourers are hard at work on a hydropower project that will dam the river just before it flows across one of the world's most heavily militarised borders into Pakistan. The hum of excavators echoes through …

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