Business
June 14-June 18, 1999 / Khordad 24-28, 1378
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Today
* Lawmakers urge Clinton to speed Iran
grain sales
Previous
* Iran launches helicopter search for
kidnapped Italians: report
* U.S. group sees Turkmen pipeline ready by 2002
* Italian businessmen still missing in Iran
* Iran says expects no budget shortfalls
* U.S. co. awaits approval to sell grain
* Japan plans to resume loans to Iran -paper
* Iran keeps tight reign on liabilities
* Iran Air resumes flights to Jeddah
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$ Rate
Updated June 17, 1999
* To send money to Iran, the rate is 850-880 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 888 tomans per
dollar.
Source: Sehaty Foreign Exchange. Preferntial rates for readers of The
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Friday,
June 18, 1999
* Lawmakers urge Clinton to speed Iran grain sales
WASHINGTON, June 18 (Reuters) - A bipartisan group of lawmakers on Friday
urged the Clinton administration to agree quickly on rules that would allow
the sale of food and medicine to Iran and other countries facing economic
sanctions ... FULL
TEXT
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Thursday
June 17, 1999
* Iran launches helicopter search for kidnapped Italians: report
TEHRAN, June 17 (AFP) - Iran has sent out helicopters to join the search
for three Italians kidnapped four days ago after receiving information
about the kidnappers' hideout, the press reported Thursday. "We have
received some clues regarding the whereabouts of the kidnappers,"
said Mohammad Ali Tohidi, governor of the southern city of Bam where the
three Italians were seized on Tuesday ... FULL
TEXT
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* U.S. group sees Turkmen pipeline ready by 2002
ASHGABAT, June 17 (Reuters) - An ambitious trans-Caspian pipeline linking
the gas fields of Turkmenistan in Central Asia with markets in Turkey could
be up and running by 2002, the company in charge of the project said late
on Wednesday. ``We expect that actually construction will start early in
2000 and be completed in 2002,'' Edward Smith, president of U.S. company
PSG, told Reuters in an interview ... FULL
TEXT
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Wednesday
June 16, 1999
No news
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Tuesday
June 15, 1999
* Italian businessmen still missing in Iran
TEHRAN, June 15 (Reuters) - The current whereabouts of several Italian
business representatives abducted in the southeast of the country earlier
this week were still unknown on Tuesday, according to a Foreign Ministry
spokesman. Security services were reported to be hunting for bandits blamed
for the kidnapping ... FULL
TEXT
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* Iran says expects no budget shortfalls
TEHRAN, June 15 (Reuters) - Iran is confident it can meet its current
budget forecasts and avoid past severe revenue shortfalls even though it
does not expect any extra income from the recent oil price rise, a senior
member of parliament's budget and planning commission said. ``Because of
production cuts, we do not have much hope to see our income rise in proportion
to the price increases. But we are happy enough to meet our budget predictions
for this year and not incur any losses,'' Mohammad-Baqer Nobakht, an influential
member of the commission, told Reuters in a recent interview ... FULL
TEXT
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* U.S. co. awaits approval to sell grain
June 15, 1999, CHICAGO (Dow Jones Commodities Service) -- Richard Bliss
has cleared the biggest hurdle in what once seemed a quixotic attempt to
sell $500 million of U.S. grain to Iran , but several more challenges remain.
Late last year, Iran 's government trading agency contacted Bliss, president
of Niki Trading Co., requesting 3.55 million metric tons of grain, sugar,
rice and soybeans. At the time, U.S. sanctions prohibited sales of commodities
to Tehran, but under pressure from farm groups and congressmen, U.S. President
Bill Clinton agreed earlier this year to allow food and medicine sales
... FULL TEXT
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Monday
June 14, 1999
* Japan plans to resume loans to Iran -paper
TOKYO, June 13 (Reuters) - Japan plans to end its six-year hiatus in
yen loans to Iran, encouraged by the reformist stance of that country's
government, a Japanese daily reported on Sunday. Japanese Foreign Minister
Masahiko Komura is expected to announce the resumption of yen loans at
the earliest during a trip to Iran in July, the Yomiuri Shimbun reported,
citing government sources ... FULL
TEXT
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* Iran keeps tight reign on liabilities
London, june 14, irna -- during the last quarter of 1998, the islamic
republic of iran reversed the recent trend that has shown an increase in
its short-term liabilities with western banks. according to the bank of
international settlement, iran's liabilities in all sectors were marginally
reduced to usd 8,871 million between september and december last year.
this compares with over a billion usd increase in the previous nine months
... FULL
TEXT
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* Iran Air resumes flights to Jeddah
Tehran, june 12, irna -- iran air, the national carrier of the islamic
republic of iran, resumed its flights to jeddah, saudi arabia wednesday
as riyadh issued landing permission, it was announced here saturday ...
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