Business
May 24-28, 1999 / Khordad 3-7, 1378
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Today
* Full UK ties may boost trade
Previous
* Japan mulls unlocking official loans
to Iran: reports
* Iran says may sweeten Caspian buyback terms
* Constraints check nascent Iran advertising
* Iran's reformist president dogged by economic failure
* Ex-defence minister to run Iran oil company
* Iran "close to Caspian pipeline deal"
* Copper output 130,000 T in year to March
* UK considers cover for Iranian oil projects
* Iran opens second fibre-optic cable plant
* South Korea's Hyundai to build oil tankers for Iran
* Caspian progress waiting for U.S.-Iran rapprochement
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$ Rate
Updated May 26, 1999
* To send money to Iran, the rate is 820-845 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 850 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,
May 28, 1999
* Full UK ties may boost trade
May 28, 1999 (Middle East Economic Digest) - Full diplomatic relations
were restored with the UK on 18 May, completing Tehran's rapprochement
with the EU. The upgrading of ties could speed up insurance cover by the
UK's Export Credits Guarantee Department (ECGD) for several big oil and
gas projects ... FULL
TEXT
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Thursday
May 27, 1999
* Japan mulls unlocking official loans to Iran: reports
TOKYO, May 27 (AFP) -Japan is considering lifting a US-inspired freeze
on low-interest official loans to Iran as President Mohammad Khatami is
seen to be pursuing moderate and realistic policies, press reports said
Thursday ... FULL
TEXT
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* Iran says may sweeten Caspian buyback terms
LONDON, May 26 (Reuters) - An Iranian deputy oil minister confirmed
on Wednesday that Iran may improve terms for companies carrying out high
risk exploration in the country's Caspian Sea blocks ... FULL
TEXT
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* Constraints check nascent Iran advertising
TEHRAN, May 28 (Reuters) - A man's hand emerges from behind a door,
puts down a bottle, turns it towards the camera, and disappears. This is
as far as a television commercial for a shampoo can go in Iran. The ban
on showing any naked part of the body with the exception of hands and the
face, or any picture of women without hejab, or Islamic dress, is only
one of many taboos for advertising in the Islamic republic ... FULL TEXT
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Wednesday
May 26, 1999
* Iran's reformist president dogged by economic failure
TEHRAN, May 22 (AFP) - As reformist President Mohammad Khatami celebrates
the second anniversary of his election Sunday, the huge problems bogging
down Iran's economy remain unresolved -- a currency in free fall, high
inflation and almost 100 percent dependence on oil ... FULL
TEXT
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* Ex-defence minister to run Iran oil company
DUBAI, May 26 (Reuters) - A former Iranian defence minister will soon
be named managing director of the National Iranian Oil Company (NIOC) to
transform the state concern into a more competitive global player, a company
official said on Wednesday. The NIOC official told Reuters Iranian Oil
Minister Bijan Zanganeh would soon appoint Mohammad Forouzandeh as the
first NIOC managing director in 14 years who is not the oil minister ...
FULL
TEXT
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* Iran "close to Caspian pipeline deal"
LONDON, May 26 (Reuters) - Iran is close to securing a deal with a Chinese
consortium of oil companies for construction of a $347 million Caspian
Sea oil pipeline through northern Iran, a senior Iranian oil official said
on Wednesday ... FULL
TEXT
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* Copper output 130,000 T in year to March
TEHRAN, May 26 (Reuters) - Iran produced a record 130,000 tonnes of
copper ingots in the year to March and earned $96 million from copper exports,
an industry official said on Wednesday ... FULL
TEXT
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Tuesday
May 25, 1999
* UK considers cover for Iranian oil projects
London, may 24, irna - britain's export credit guarantee department
(ecgd) is sending a delegation to tehran next week to discuss state cover
for an iranian oil project that is at an advanced stage ... FULL TEXT
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* Iran opens second fibre-optic cable plant
TEHRAN, Iran, May 25 (UPI) -- Iran has inaugurated a $2.3 million fibre-optic
cable plant described as the first of its kind in the Middle East ... FULL TEXT
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* South Korea's Hyundai to build oil tankers for Iran
TEHRAN, May 25 (AFP) - South Korean corporate giant Hyundai is to build
five oil tankers for Iran's oil ministry at a cost of 400 million dollars,
the official IRNA news agency reported Tuesday ... FULL
TEXT
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* Caspian progress waiting for U.S.-Iran rapprochement
London, may 25, irna - the international institute for strategic studies
(iiss) does not see any huge new investments to develop oil in central
asia in the current climate of relatively low crude prices ... FULL TEXT
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* Turkmen Natural Gas to Flow to Turkey in 2002
ANKARA (May 25) XINHUA - Turkmenistan is expected to export its natural
gas to Turkey and Europe through the Caspian Sea in the year 2002 when
the pipeline is completed, local Daily News reported here Tuesday ... FULL TEXT
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Monday
May 24, 1999
* Russian co. to drill for oil in Iran
Monday, May 24, 1999, MOSCOW (AP) -- A joint Russian-Belarus oil company
has signed a contract to drill and service oil wells in Iran, the ITAR-Tass
news agency reported Monday ... FULL
TEXT
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