Business
May 17-21, 1999 / Ordibehesht 27-31, 1378
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Today
* Turkmens sign gas deal with Turkey,
reassure Iran
Previous
* Iran opens mines, metals sector to
foreigners
* Firm oil, political optimism boost Iran stocks
* Iran plans to step up trade in oil derivatives
* Britain, Iran swap envoys after 10-year rift
* Saudi,Iran discuss ways to support oil price
* Minister warns of ``hard year'' after drought
* U.S. sees Iran 99/2000 wheat imports at 5.5 mln tons
* Pakistan to buy power from Iran
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$ Rate
Updated May 21, 1999
* To send money to Iran, the rate is 806-826 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 833 tomans per
dollar.
Source: Sehaty Foreign Exchange. Preferntial rates for readers of The
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Friday,
May 21, 1999
* Turkmens sign gas deal with Turkey, reassure Iran
ASHGABAT, May 21 (Reuters) - Turkey agreed on Friday to purchase 16
billion cubic metres of natural gas a year from the former Soviet republic
of Turkmenistan, bringing an ambitious pipeline project linking the two
countries one step closer. Questions remain, however, over the financing
of the 2,000-km (1,250-mile), $2.0-2.5 billion project, which is headed
by a U.S.-led consortium ... FULL
TEXT
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Thursday
May 20, 1999
* Iran opens mines, metals sector to foreigners
TEHRAN, May 20 (Reuters) - The Iranian government has decided to allow
foreign investment in the country's mines and metals industry, a senior
official said on Thursday. Mines and Metals Minister Eshaq Jahangiri was
quoted by Iran's official IRNA news agency as saying the cabinet had approved
the decision in a recent meeting ... FULL
TEXT
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Wednesday
May 19, 1999
* Firm oil, political optimism boost Iran stocks
TEHRAN, May 19 (Reuters) - A rise in oil prices and optimism about Iran's
political and economic situation have fuelled a rise of more than nine
percent in Iranian stocks since March, brokers said on Wednesday. The Tehran
Stock Exchange's all-share index, which closed its trading week to Wednesday
at 1,665.77 points, has made up the 6.2 percent it lost in 1998 and now
stands 2.1 percent higher than at the end of 1997 ... FULL
TEXT
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* Iran plans to step up trade in oil derivatives
LONDON, May 19 (Reuters) - Iran is hatching plans to use risk management
tools for far more of its crude oil sales after a successful coup during
this year's rapid price rally, Iranian sources said on Wednesday ...
FULL
TEXT
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Tuesday
May 18, 1999
* Britain, Iran swap envoys after 10-year rift
LONDON (BBC) -Britain and Iran will appoint ambassadors to Tehran and
London for the first time in 20 years as part of an "upgrading"
of foreign relations. UK Foreign Secretary Robin Cook announced the move
on Tuesday, as Nick Browne, formerly charge d'affaires in Tehran, was upgraded
to full ambassador ... FULL
TEXT
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Monday
May 10, 1999
* Saudi,Iran discuss ways to support oil price
JEDDAH, Saudi Arabia, May 16 (Reuters) - The Saudi and Iranian oil ministers,
key players in an OPEC production cutting agreement sealed in March, on
Sunday pledged to do whatever they could to help maintain the recent surge
in crude prices ... FULL
TEXT
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* Minister warns of ``hard year'' after drought
TEHRAN, May 16 (Reuters) - Iran's agriculture minister has given a warning
of a hard year to come after a drought that is expected to destroy up to
2.5 million tonnes of wheat, a newspaper reported on Sunday ... FULL
TEXT
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