Business
March 22-26, 1999 / Farrvardin 2-6,1378
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Today
No news - Noruz holidays in Iran
Previous
* Niki confident US will approve ag
sales to Iran
* U.S. decision on farm sales to Iran may be near
* Wheat, soybeans rise
* Iran's minister says satisfied with OPEC oil cuts
* Oil ends weaker but overshadowed by OPEC
* U.S. Senate bill includes call for farm sales to Iran
* Senators demand pressure on Russia
* Iran sharply hikes petrol prices
* Iran's leaders regret economic woes, hope for better
* Israeli company in industrial
deal with Iran: report
* Senate urges Clinton to OK farm sales to Iran
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$ Rate
Updated March 24, 1999
* To send money to Iran, the rate is 785-805 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 815 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,
March 26, 1999
No news - Noruz holidays in Iran
Thursday
March 25, 1999
* Niki confident US will approve ag sales to Iran
WASHINGTON, March 25 (Reuters) - The president of a start-up company
seeking a special export license to sell $500 million of U.S. farm goods
to Iran said on Thursday he was ``very confident'' of getting Clinton administration
approval. ``I'm very confident that this will be approved, but don't want
to speculate on the date,'' Richard Bliss, president of the Niki Trading
Co., told Reuters. ``There has been steady progress and we think things
are moving in the right direction.'' ... FULL
TEXT
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* U.S. decision on farm sales to Iran may be near
WASHINGTON, March 25 (Reuters) - A proposal to allow up to $500 million
in U.S. farm exports to Iran was at the White House awaiting a decision,
Senator Byron Dorgan said on Thursday ... FULL
TEXT
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* Wheat, soybeans rise
March 25, 1999 (AP) - Wheat and soybean futures rose sharply Thursday
on the Chicago Board of Trade amid hopes the Clinton administration will
approve exports to Iran, Libya and North Korea. On other markets, energy
and coffee futures also advanced strongly. Grain and soybeans jumped in
late trading on talk that the Clinton administration once again is considering
at least granting a one-time exemption to a ban on agricultural exports
to countries that have been accused of sponsoring terrorism ... FULL TEXT
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Wednesday
March 24, 1999
* Iran's minister says satisfied with OPEC oil cuts
TEHRAN, March 24 (Reuters) - Iran's oil minister said in remarks published
on Wednesday he was satisfied with an OPEC agreement to cut crude production
in order to stabilise prices. Bijan Namdar Zanganeh spoke to Iran's official
news agency IRNA a day earlier saying the deal by OPEC and non-OPEC countries
to cut 2.1 million barrels per day (bpd) proved the cartel was able to
overcome a crisis in the oil market ... FULL
TEXT
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Tuesday
March 23, 1999
* Oil ends weaker but overshadowed by OPEC
LONDON, March 23 (Reuters) - World oil prices ended lower on Tuesday
but the weaker close was drowned out by market applause for an OPEC agreement
to cut oil supply to glutted markets. The cartel signed the deal on tough
new export limits which Saudi Oil minister Ali al-Naimi said were aimed
at lifting prices back to $18 a barrel ... FULL
TEXT
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* U.S. Senate bill includes call for farm sales to Iran
WASHINGTON (Reuters) - The U.S. Senate voted Tuesday to free up more
than $1 billion in aid to hurricane-hit Central America and Middle East
ally Jordan, and to bar the federal government from taking a share of the
$206 billion settlement between U.S. states and major tobacco companies.
One amendment urged the Clinton administration to approve the sale of U.S.
wheat and other farm products to Iran ... FULL
TEXT
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* Senators demand pressure on Russia
Tuesday, March 23, 1999, WASHINGTON (AP) -- A bipartisan group of 34
senators wants Vice President Al Gore to press Russia's prime minister
to stop his country's cooperation with Iran on missiles and nuclear technology.
In a letter released Monday, the 34 said Prime Minister Yevgeny Primakov
must be convinced that ``an Iran armed with nuclear weapons and advanced
ballistic missiles is no more in Russia's interests than in our own.''
... FULL
TEXT
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Monday
March 22, 1999
* Iran sharply hikes petrol prices
TEHRAN, March 21 (Reuters) - Prices of petrol and other fuels rose sharply
on the first day of the Iranian New Year on Sunday as part of a government
plan to reduce consumption. The petrol price jumped 75 percent, from 200
rials to 350 rials (11.7 cents) per litre (53 cents per gallon). Motorists
lined up at petrol stations on Saturday night to fill their tanks in anticipation
of the rise. Prices of other fuels, such as gasoil and kerosene, also rose
considerably ... FULL
TEXT
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* Iran's leaders regret economic woes, hope for better
TEHRAN, March 21 (Reuters) - Iran's leaders said they regretted the
economic hardships of the past year and hoped for better in the Iranian
new year which started on Sunday. ``The year we left behind was as usual
full of sweet and bitter events. What was bitter for us was the hard economic
conditions of people, price hikes and hardships,'' official media quoted
spiritual leader Ayatollah Ali Khamenei as saying ... FULL
TEXT
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* Israeli company in industrial deal with sworn enemy Iran: report
JERUSALEM, March 21 (AFP) - An Israeli firm signed contracts for the
sale of industrial material to arch-foe Iran at an international trade
fair in Germany last week, a newspaper here reported on Sunday. Amnon Shoham,
managing director of the Israeli company Gamal, said the deals were signed
at the Israeli pavillion at the Cologne fair, adding that the Iranians
believed Tehran would soon permit direct trade with the Jewish state ...
FULL TEXT
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* Senate urges Clinton to OK farm sales to Iran
WASHINGTON (Reuters) - The Senate urged the Clinton administration Thursday
to approve the sale of U.S. wheat and other farm products to Iran, calling
sanctions on food exports ''counterproductive''. The nonbinding resolution,
a sign of improved relations between two countries which have been enemies
for 20 years, was one of 31 amendments wrapped into a $1.9 billion aid
package for hurricane-battered Central America and Middle East ally Jordan
after hours of closed-door negotiations between Senate Republicans and
Democrats ... FULL
TEXT
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