Business
Jan 4-8, 1999 / Dey 14-18, 1377
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Today
* Iran Khodro introduces new car
Previous
* Oil consolidates gains as stock glut eases
* Iran's share of world trade
* Government under pressure to deepen reform
* Iranian writer seeks asylum in Norway
* Foruhar's children demand international probe
* Russia tightens export controls
* Iran official says euro to ease dollar domination
* Turkmenistan to export electricity through Iran
* Egyptian trade fair to be held in Iran
* Majlis committee Oks bill on car imports
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$ Rate
Updated January 8, 1999
* To send money to Iran, the rate is 698-713 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 715 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,
January 8, 1999
* Iran Khodro introduces new car
Tehran, (Hamshahri) - Iran Khodro, which is producing a record number
of cars (111,000 last year), has started producing new models with a Peugeot
frame and a Paykan engine. Price: 4.5 million tomans ... FULL
TEXT IN PERSIAN
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Thursday
January 7, 1999
* Oil consolidates gains as stock glut eases
LONDON, Jan 7 (Reuters) - Oil prices, battered through most of last
year, on Thursday consolidated gains sparked by a recent fall in crude
stocks in the United States. But industry analysts warned that it was too
early to speak confidently of a recovery and that fundamentals might well
preclude any significant short-term recovery. International benchmark Brent
crude closed five cents higher at $11.51 a barrel after a choppy day's
trade reflecting market jitters over whether the price strength is here
to stay ... FULL
TEXT
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* Iran's share of world trade
tehran, jan. 7, irna -- deputy head of the planning and information
dissemination department at commerce ministry mohammad nahavandian said
iran with a population of 60 million has only 0.34 percent share in the
world trade, said nahavandian, adding that the figure was more than one
percent over the past few decades ... FULL
TEXT
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Wednesday
January 6, 1999
* Iran state body blocks liberal law on trade zones
TEHRAN, Jan 6 (Reuters) - A top Iranian state body on Wednesday blocked
new legislation which would have provided investment guarantees to woo
foreign funds to Iran's free trade zones, the official news agency IRNA
said. It said the Guardian Council, a body of Moslem clerics and lawyers
which vets bills passed by parliament, objected to provisions in the law
allowing majority-owned foreign and private banks and insurance firms in
the trade zones ... FULL
TEXT
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* Iran says foreign payments $4.7 bln in 1999/2000
TEHRAN, Jan 6 (Reuters) - Iran must pay foreign creditors $4.7 billion
in the next Iranian year which starts on March 21, an Iranian Central Bank
report said. ``According to statistics released by the Central Bank...$4.7
billion of the country's hard currency earnings next year must be used
towards repaying foreign obligations,'' the Iranian news agency IRNA reported
on Wednesday ... FULL
TEXT
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Tuesday
January 5, 1999
* Russia tightens export controls
Tuesday, January 5, 1999 MOSCOW (AP) -- President Boris Yeltsin has
tightened government controls over the export of Russian technology that
may be used to develop missiles. Yeltsin amended and broadened the list
of items that will be banned for exports in order to prevent the proliferation
of missile technologies, the presidential press service said Tuesday. It
did not name the items ... FULL
TEXT
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Monday
January 4, 1999
* Iran official says euro to ease dollar domination
TEHRAN, Dec 31 (Reuters) - A senior Iranian banking official on Thursday
welcomed the upcoming introduction of the euro, saying it would curb the
global domination of the U.S. dollar, Iran's state television reported.
``The circulation of the European currency will decrease the domination
of the dollar on the economy of world countries, including Iran,'' the
television quotes Nowrouz Kohzadi, head of the state Export Promotion Bank,
as saying ... FULL
TEXT
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* Turkmenistan to export electricity through Iran
TEHRAN, Jan 3 (Reuters) - Turkmenistan plans to export its surplus electricity
to neighbouring countries through Iran's power network, Iranian newspapers
reported on Sunday. ``Turkmenistan plans to export electricity through
Iran to the countries of the Economic Cooperation Organisation (ECO),''
the Abrar-e Eqtesad daily said. The ECO groups six former Soviet republics,
Afghanistan, Pakistan and Turkey in addition to Iran ... FULL
TEXT
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