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July 31-August 4, 2000 / Mordad 10-14, 1379
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BUSINESS NEWS INDEX
Friday,
August 11, 2000
NYMEX crude pulls back on pre-weekend profit-taking
NEW YORK, Aug 11 (Reuters) - NYMEX crude oil futures gave up gains late
and settled lower Friday as traders took profits ahead of the weekend,
cutting short a rally spurred by worries over tight supplies. September
crude settled at last traded at $31.02, losing 32 cents on the day, after
soaring to a fresh contract high of $31.85. Before the day's loss, the
contract had racked up gains of $2.22 in a two-day rally >>>
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INDEX
* NYMEX crude pulls back on pre-weekend
profit-taking
* Tehran home to 25,000 street children:
MP
* Egypt Rejects Iranian Offer to Buy State Ban, Paper
* Boeing seeks to lift US sanctions
* Iran Plans $250 Million Local Bond Issue This Year
* BP says still talking to Iran on investment
* Iran to launch first domestically made aircraft
* Iran's mineral potential estimated at $1 billion yearly
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Thursday
August 10, 2000
Tehran home to 25,000 street children: MP
TEHRAN, Aug 10 (AFP) - Twenty-five thousand child squatters, most of
them girls, live on the streets of Tehran, where growing drug use and prostitution
are leading to a social crisis, a member of the Iranian parliament said
Wednesday. "Social ills such as (drug) addition and runaway girls
will someday plague us all," MP Shahrbanu Amani told a conference
of provincial social welfare officials, as quoted by the IRNA state news
agency >>>
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Wednesday
August 9, 2000
Egypt Rejects Iranian Offer to Buy State Ban, Paper
Cairo, Aug. 9 (Bloomberg) -- Egypt rejected a bid by the Iranian government
to buy 80 percent of Misr Iran Development Bank because the $96 million
it offered was not enough, Al-Alam Al-Yom newspaper said, citing an unnamed
Ministry of Economy official. The share is being sold by the Bank of Alexandria
and Misr Insurance Co., both owned by the Egyptian government. The Iranian
government already owns 20 percent of the bank >>>
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Tuesday
August 8, 2000
Boeing seeks to lift US sanctions
London, Aug. 8, IRNA -- Boeing, the world's biggest aircraft maker,
is lobbying Washington to lift US sanctions against Iran at a time Iran
Air is reportedly seeking to buy a substantial number of planes to update
its ageing fleet. International sales vice-president at Boeing, Douglas
Groseclose, said that he met Iran Air managing director Ahmad Reza Kazemi
at Farnborough International Airshow, south of London, last week, but he
is forbidden by sanctions from entering negotiations >>>
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Iran Plans $250 Million Local Bond Issue This Year - Central Bank
August 8, 2000, TEHRAN -(Dow Jones)- The Central Bank of Iran is planning
to issue $250 million of bonds to domestic investors by the end of the
current fiscal year, in March 2001, a CBI official said Monday. In an interview
with Iran's Central News Bureau, Ali-Asghar Sadeghi, head of bonds at the
CBI, said about $825 million in participation bonds have been issued in
the past three years, of which 98% have been bought by investors >>> FULL TEXT
INDEX
BP says still talking to Iran on investment
LONDON, Aug 8 (Reuters) - BP Amoco (quote from Yahoo! UK & Ireland:
BP.L) said on Tuesday it was still in discussions with Iranian authorities
over hydrocarbon investment opportunites but had not yet made any firm
decisions. BP Chief executive John Browne said the company continued to
talk about both upstream and downstream opportunities >>>
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Iran to launch first domestically made aircraft next year
TEHRAN, Aug 7 (AFP) - Iran will launch its first domestically-made aircraft,
a joint venture with Ukraine, early next year, the official IRNA news agency
reported Monday. It said the Iran 1400 would join the national fleet and
that the first model would be in the skies in early 2001, during the annual
"Ten Days of Dawn" that mark the victory of the Islamic revolution
>>>
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Monday
August 7, 2000
Iran's mineral potential estimated at $1 billion yearly
By A Staff Reporter, Gulf News, August 7, 2000, Dubai - Iran has the
potential to earn nearly $1 billion each year from exports of mineral wealth
(excluding oil, gas and downstream products), an Economic Intelligence
Unit (EIU) report said quoting industry estimates >>>
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