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June 14-June 18, 1999 / Khordad 24-28, 1378

News | Sports | Arts | Rights | Community

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

News | Sports | Arts | Rights | Community


Monday | Tuesday | Wednesday | Thursday | Friday


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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 Iranian Times. Call in U.S.: 602-595-0777 OR 500-288-8881, Fax: 602-595-0222. Address: PO Box 3230, Carefree, AZ 85377, USA. Mention this code: BAJ 07


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 ... FULL TEXT

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$ Rate

Updated June 17

The dollar now offered at 850-880 tomans in the U.S. and 888 tomans in Iran

Sehaty Exchange (U.S.) 602-595-0777


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U.S.-Iran Business Council Forum

The Iranian Trade Association, along with our host, the Washington International Trade Association will present the First Quarterly U.S.-Iran Business Council Forum: "The Process of Engagement" on Wednesday, February 3, 1999 in Washington, DC ... MORE DETAILS


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