Business
June 21-25, 1999 / Khordad 31-Tir 4, 1378
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Today
* Iran receives biggest British trade
delegation since 1979 revolution
* Rules on food, medicine sales to Iran due soon- US
* Norway to lift trade curbs on Iran after Rushdie
Previous
* Oil Ministry official says buy-back
oil contracts key to economic growth
* Komura plans to visit Iran , to convey loan resumption
* Iran Says Drought Damage to Crops up to $3.3 Bln
* Loans to Iran Stall After Arrest of Jews
* Iran Says to Compensate Industrialists for Seizures
* Iran Air to Resume Flights to Beirut
* UK Business Mission to Make Landmark Iran Visit
* Iran welcomes US cooperation on Caspian related economic
projects
* U.S. sees Baku-Ceyhan accord in coming months
* Iran sees 5.6 million tons of wheat imports this year
* "It was no holiday," say Italians kidnapped
in Iran
* Foundation's leadership may change
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Updated June 25, 1999
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Friday,
June 25, 1999
* Iran receives biggest British trade delegation since 1979 revolution
TEHRAN, June 25 (AFP) - A high-ranking British trade delegation, the
biggest since the 1979 Islamic revolution, arrived in Tehran early Friday,
several weeks after Tehran and London normalized diplomatic ties. "It's
the most important post-revolution mission of its kind," Darmott Graham,
a coordinator of the six-day visit, told AFP ... FULL
TEXT
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* Rules on food, medicine sales to Iran due soon- US
WASHINGTON, June 25 (Reuters) - The Clinton Administration will publish
rules governing the sale of food and medicine to Iran, Sudan and Libya
soon, a top U.S. Agriculture Department official said on Friday. ``We're
getting pretty close,'' Chris Goldthwait, General Sales Manager at the
department, told Reuters, noting that there were only one or two details
that need to be finalised ... FULL
TEXT
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* Norway to lift trade curbs on Iran after Rushdie
OSLO, June 25 (Reuters) - Norway will lift export curbs on Iran and
send an ambassador there in August after years of tension caused by a death
order against British author Salman Rushdie, officials said on Friday.
``We are now open to receiving applications for exports to Iran,'' Erling
Naper, head of the state-run Norwegian Guarantee Institute for Export Credits,
told Reuters ... FULL
TEXT
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Thursday
June 24, 1999
* Oil Ministry official says buy-back oil contracts key to economic
growth
Tehran, 23rd June (BBC Worldwide Monitopring - IRNA) : Buy-back oil
contracts due to their characteristics including transfer of technical
know-how, creation of new job opportunities and broad involvement of contractors
and domestic producers will pave the way for economic blossoming, said
an Oil Ministry official Wednesday [23rd June]. The director-general of
the public relations department of the Oil Ministry and adviser to minister,
Mohammad Sohofi, was commenting on the recent remarks of the members of
the board of directors of the consulting engineers society who believe
buy-back contracts harm oil prices ... FULL
TEXT
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* Komura plans to visit Iran , to convey loan resumption
TOKYO, June 24 (Japan Economis Newswire) -- Foreign Minister Masahiko
Komura plans to visit Iran shortly after the current Diet session ends
Aug. 13 to convey Japan's plan to partially resume loans to Iran , a senior
Foreign Ministry official said Thursday ... FULL
TEXT
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* Iran Says Drought Damage to Crops up to $3.3 Bln
TEHRAN, June 24 (Reuters) - The worst drought in 30 years in Iran, a
major food importer, has caused as much as $3.3 billion in damage to crops,
Agriculture Minister Issa Kalantari said on Thursday. "A severe and
sharp drop in rainfall has so far cost 10,000 billion rials in damages
to orchards, farmlands and agricultural products," state television
quoted Kalantari as saying ... FULL
TEXT
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Wednesday
June 23, 1999
* Loans to Iran Stall After Arrest of Jews
June 23, 1999 (Washington Post) - A quiet undertaking at the World Bank
over the past 15 months to rehabilitate Iran for assistance has suffered
a setback. Industrious and delicate efforts to revive Iran's eligibility
for soft loans in social development sectors have been stymied by the Tehran
government's arrest of 13 Jewish Iranians on unproved charges of espionage,
according to a number of World Bank officials and diplomats ... FULL TEXT
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* Iran Says to Compensate Industrialists for Seizures
TEHRAN, June 23 (Reuters) - Iran's government, trying to woo investors
including Iranian exiles, said on Wednesday it would pay compensation for
some of the factories seized after the 1979 Islamic revolution. The plan
is the latest confidence-building move by the government of moderate President
Mohammad Khatami, which has been seeking to encourage foreign companies
and Iranians, including exiles, to invest in development projects ... FULL
TEXT
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* Iran Air to Resume Flights to Beirut
TEHRAN (June 23) XINHUA - Iran Air, the Iranian national carrier, announced
on Wednesday that it would resume flights to Beirut, capital of Lebanon
after two decades of break. The airlines has scheduled two flights a week
to Beirut as of Sunday, the Islamic Republic News Agency reported ... FULL
TEXT
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Tuesday
June 22, 1999
* UK Business Mission to Make Landmark Iran Visit
LONDON, June 22 (Reuters) - The biggest British business delegation
to visit Iran since the 1979 Islamic revolution sets off on Thursday hoping
to cash in on the political thaw between Tehran and London. Britain and
Iran finally exchanged ambassadors last month, ending a decade of estrangement
over the late Ayatollah Ruhollah Khomeini's death edict against British
author Salman Rushdie for allegedly blaspheming Islam in the novel "The
Satanic Verses" ... FULL
TEXT
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* Iran welcomes US cooperation on Caspian related economic projects
TEHRAN, June 22 (AFP) - Iran said Tuesday it was prepared to accept
US participation in economic projects related to the exploitation of the
Caspian Sea, while voicing strong opposition to any Israeli role in the
region. "Iran has no objection to the participation of European countries,
or even the Unites States in its regional economic projects, but is opposed
to any regional influence or presence of Israel," Foreign Minister
Kamal Kharazi told journalists here ... FULL
TEXT
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* U.S. sees Baku-Ceyhan accord in coming months
ISTANBUL, June 22 (Reuters) - A U.S. energy official said on Tuesday
he believed an accord would be reached in the coming months on issues hindering
a proposed pipeline to carry Caspian oil to Turkey. U.S. adviser on Caspian
energy issues Richard Morningstar said he saw progress in efforts to resolve
disagreements on the pipeline between Baku and Turkey's Mediterranean port
at Ceyhan ... FULL
TEXT
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* Iran sees 5.6 million tons of wheat imports this year
TEHRAN, June 22 (Reuters) - Iran is increasing its wheat imports to
5.6 million tonnes in the year to March 2000 because of drought, Iranian
Trade Minister Mohammad Shariatmadari said in remarks published on Tuesday
... FULL
TEXT
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Monday
June 21, 1999
* "It was no holiday," say Italians kidnapped in Iran
TEHRAN, June 21 (AFP) - Three Italians held for a week by kidnappers
in southern Iran arrived here on Monday as the Iranian authorities denounced
their abductors as "enemies of the Islamic Revolution." "We
were neither beaten nor tied up, but it really wasn't a holiday,"
Lorenzo Termite, one of the three, told a press conference at Tehran airport.
"We never knew what could happen to us." ... FULL
TEXT
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* Foundation's leadership may change
21 June 1999 (Iran Report - Radio Free Europe / Radio Liberty) - Recent
reports about the involvement of an Iranian charitable foundation in a
joint-venture with a Norwegian oil exploration company reveal the political,
economic, and financial power of these para-statal bodies. These, in turn,
indicate that although the foundation's leadership may change soon, its
activities will not ... FULL
TEXT
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