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July 17-21, 2000 / Tir 27-31, 1379

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July 21, 2000

Tehran to gain more German cover

Middle East Economic Diges July 21, 2000 -- Germany plans to raise export credit cover to DM 1,000 million ($485 million) and may offer more help to German firms taking part in big projects. Germany's improved terms for trade and project finance were announced on 10 July during President Khatami's visit there (see Seven Days >>> FULL TEXT


Kuwait welcomes drinking water offer from Iran

KUWAIT CITY, July 21 (AFP) - Kuwait has welcomed an Iranian offer to supply up to 200 million gallons (760 million litres) a day of drinking water from the river Karun which flows by Abadan in south-west Iran, a newspaper reported Friday. "Kuwait has no objection to the offer, provided the price of the water is right," Electricity and Water Minister Adel al-Sabih told Al-Rai Al-Aam daily >>> FULL TEXT



* Tehran to gain more German cover
* Kuwait welcomes drinking water offer from Iran
* US Cuts Funding to World Bank Over Support to Iran
* Iranian 'tollgates' cash in on Iraqi oil smuggling
* U.S. lawmakers seek repeal of Iran sanctions

* Iran, Qatar eye more trade
* Iran, Qatar eye more trade, economic relations
* German Labour Minister to arrive in Tehran
* Iran says OPEC will hike output if...
* Oil up as OPEC puts extra crude in doubt
* Iran sees wheat production rising despite drought
* Credit institution to become first "private bank"
* Kuwait's oil minister to visit Iran

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July 20, 2000

US Cuts Funding to World Bank Over Support to Iran

Washington, DC (African Eye News Service, July 19, 2000) - African HIV/Aids programmes have benefited from a US House of Representatives amendment to cut funding to the World Bank in protest against its resumed funding to Iran. The cut in funding comes after the World Bank announced in May it would resume lending US$231 million to Iran, which has been widely condemned for its prosecution of 10 Jews charged with spying >>> FULL TEXT


Iranian 'tollgates' cash in on Iraqi oil smuggling

By Scott Peterson, The Christian Science Monitor, July 20, 2000, TEHRAN, IRAN -- Iran's flip-flopping "policy" toward Iraqi oil smuggling - in violation of United Nations sanctions - is proving enigmatic even in diplomatic circles. American officials say that after two months of strictly enforcing the UN embargo, Iran's Revolutionary Guards are now allowing, for pay, scores of sanction-busters to use Iranian waters to evade American and other craft monitoring the area. "Nobody really knows who is in charge," says Mohammad Hadi Semati, a political scientist at the University of Tehran >>> FULL TEXT


July 19, 2000

U.S. lawmakers seek repeal of Iran sanctions unless Jews freed

By Amy Strahan

Bloomberg News, July 17, Washington -- Two Democrats in the U.S. House said they will push to reverse a Clinton administration decision to ease trade sanctions on Iran's reformist government unless Tehran releases 10 Jews convicted of spying for the U.S. and Israel.

Representative Bradley Sherman of California told a rally near the White House that he will introduce legislation in few days to stop the import of fruit, rugs, pistachios and caviar from Iran. Representative Robert Wexler of Florida, Sherman's colleague on the House International Relations Committee, said he will back the move >>> FULL TEXT


Iran, Qatar eye more trade, economic relations

TEHRAN, July 18 (Reuters) - Iran and the Gulf Arab state of Qatar agreed on Tuesday to develop trade and economic ties by avoiding double taxation and promoting joint investment, the Iranian news agency IRNA reported. Other agreements, signed at the end of a visit by the Qatari Emir Sheikh Hamad bin Khalifa al-Thani to Tehran, called for more technical, medical and cultural exchanges, IRNA said >>> FULL TEXT


July 18, 2000

German Labour Minister to arrive in Tehran Friday

TEHRAN, July 18 (AFP) - German Labour Minister Walter Riester will arrive in Tehran Friday for a three-day official visit, the German embassy in Tehran told AFP Tuesday. The German official is expected to be accompanied by a small seven or eight-man delegation for talks with Iranian officials, including his Iranian counterpart, Hossein Kamali >>> FULL TEXT


Iran says OPEC will hike output next week if prices stay high

TEHRAN, July 18 (AFP) - Iran said Tuesday that OPEC will increase production levels if prices stay above 28 dollars a barrel over the next seven working days, Oil Minister Bijan Namdar-Zangeneh said Tuesday. "It has been agreed that there will be an increase in production if prices remain high, that is to say above 28 dollars a barrel, over the next seven (working) days," he said >>> FULL TEXT


Oil up as OPEC puts extra crude in doubt

LONDON (Reuters) - World oil markets were thrown into new confusion on Tuesday after OPEC headquarters said prices had fallen below the cartel's $28 threshold for releasing extra crude. OPEC's Vienna secretariat said the price for a basket of its crudes, the benchmark for triggering more supply, fell to $27.46 a barrel on Monday >>> FULL TEXT


Iran sees wheat production rising despite drought

TEHRAN, July 17 (Reuters) - Iran expects a modest increase in wheat production to 9.25 million tonnes in the year begun in March despite a severe drought in much of the country, an agriculture official was quoted on Monday as saying. Ali-Bakhsh Dehqani, director of the agriculture ministry's grains department, told the daily newspaper Hayat-e No that Iran still needed to import 4.5 to 5.0 million tonnes of wheat in the year which began on March 20 >>> FULL TEXT


July 17, 2000

Credit institution prepares to become first "private bank"

TEHRAN, July 16 (AFP) - Iran's Karafarinan credit institution is set to become in four months time the first private bank in the country since the Islamic revolution of 1979, its director Parviz Aghili told AFP Sunday. The institution, which is not the only one with the same goal, hopes "finally" to take advantage of a 1993 law allowing private banks in the country >>> FULL TEXT


Kuwait's oil minister to visit Iran next week for border talks

KUWAIT CITY, July 17 (AFP) - Kuwait's Oil Minister Sheikh Saud Nasser al-Sabah is to visit Iran on July 24 for talks on demarcating a maritime area rich in gas and oil, the emirate's foreign minister said Monday. "This issue (border demarcation) will be part of talks with his Iranian counterpart," Sheikh Sabah al-Ahmad al-Sabah said, quoted in Al-Watan newspaper >>> FULL TEXT


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