India merchants almost halt exports to Iran as its rupee reserves fall

Under U.S. sanctions, Tehran is unable to use U.S. dollars to transact oil sales. (AFP) March 4, 2021 Indian merchants have almost entirely stopped signing new export contracts with Iranian buyers for commodities such as rice, sugar and tea, due to caution about Tehran’s dwindling rupee reserves with Indian banks, six industry officials [...]

By |March 4th, 2021|East Asia, India|

Larger crop, lack of rupees curb Iran’s record Indian sugar appetite

Sellers wearing masks in an Iranian fruit market, June 15, 2020. (Reuters) By Maytaal Angel and Rajendra Jadhav December 22, 2020 India will be unable to count on Iran, one of its most important sugar customers, for its upcoming export drive as an increase in Iranian production and Tehran’s shortage of rupees limit [...]

By |December 22nd, 2020|East Asia, India|

Sharp decline in Iran’s trade with India, Japan and South Korea

A ship bearing various flags parked at Chabahar (Shahid Beheshti) Port during the inauguraition of the first phase in the southern Iranian coastal city of Chabahar, Dec 3, 2017. (AFP) September 11, 2020 New data released by Iran's major trading partners show a significant drop in Iranian imports, as well as the nations' [...]

By |September 11th, 2020|East Asia, India|

Unsophisticated Iranian hackers armed with ransomware are targeting companies worldwide

The hackers typically demanded a ransom between one and five Bitcoin. As of Wednesday, one bitcoin was worth over $11,000. (iStockphoto) September 1, 2020 Unsophisticated Iranian hackers are attacking company networks with ransomware, a cybersecurity firm said. The attackers have been using Dharma ransomware “and a mix of publicly available tools” to target companies in Russia, Japan, [...]

By |September 1st, 2020|East Asia, India, Russia|

Be cautious: India hasn’t left Iran’s Chabahar

Iran's Chabahar Port on the Arabian Sea. India is investing in the port to facilitate shipping of its good to the region. (ISNA) By Umar Karim August 22, 2020 The Middle Eastern-South Asian borderlands have been the focus of new geopolitical ventures for some years now. The coastal zones of Pakistan and Iran near [...]

By |August 22nd, 2020|East Asia, India, Pakistan|

Is India out of Chabahar port project?

Indian PM Narendra Modi, right, with Iranian President Hassan Rouhani release a postal stamp commemorating growing economic and trade ties between the two nations in New Delhi, Feb. 17, 2018. (AP) By Krzysztof Iwanek July 20, 2020 Over the past few days, various media outlets have been suggesting that Iran and China will sign [...]

By |July 20th, 2020|East Asia, India|

Iran drops India from railway project as China’s shadow looms in background

The railways is to connect Chabahar, Iran's only major port on the Indian Ocean, to Afghanistan and Central Asia. (Getty) July 15, 2020 The media in India say Iran has dropped India from a railway project that will connect Chabahar, a would be trading hub in southern Iran to Zahedan, the capital of [...]

By |July 15th, 2020|East Asia, India|

Iran’s exports to India fall over 94 percent in first quarter of 2020

Indian Prime Minister Narendra Modi, right, with Iranian President Hassan Rouhani release a postal stamp commemorating growing economic and trade ties between the two nations in New Delhi, Feb. 17, 2018. (AP) May 29, 2020 Iran’s exports to India fell by more than 94 percent in the first quarter of 2020, according to [...]

By |May 29th, 2020|East Asia, India|

Iran still accepts Shia pilgrims from Pakistan and India arriving to Qom despite coronavirus pandemic

Qom is the eighth largest city in Iran. It lies 125 kilometers by road southwest of Tehran and is the capital of Qom Province. (IRNA) March 30, 2020 Iran has not stopped accepting pilgrims to the Shia holy city of Qom despite the coronavirus outbreak in the country, according to a video circulating on [...]

By |March 30th, 2020|India, Pakistan|

6,000 stranded Indians desperate to return from Iran

Indian protesters demand evacuation from Iran during a protest in front of the Indian embassy in Tehran on March 12, 2020. (Supplied) March 14, 2020 Kayvann Shah has been camping outside the Indian embassy in Tehran for more than two weeks, waiting for his government to evacuate him and thousands of others from [...]

By |March 14th, 2020|East Asia, India|