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Jan 25-29, 1999 / Bahman 5-9, 1377

News | Sports | Arts | Rights | Community

Today

* Iran recruits engineers for nuclear training in Russia

Previous

* Petition: Call for U.S. grain sales to Iran
* Oil sideways as refiners run for cover
* Measures to encourage handicraft exports
* Speaker opposes ``enemy'' U.S. wheat
* Ireland calls for expansion of trade ties
* Iran cuts defence spending to under $1 billion
* Rial continues slide, down three pct-traders
* Iran-Ireland economic commission begins work
* Bahrain's new envoy takes up post in Iran
* Rial loses 10 percent of value
* Rial slides to new lows on inflation fears
* BP Amoco confirms big Iran oil proposal
* MPs sets food subsidies at 7.5 trillion rials

News | Sports | Arts | Rights | Community


Monday | Tuesday | Wednesday | Thursday | Friday


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$ Rate

Updated January 27, 1999

* To send money to Iran, the rate is 735-750 tomans per dollar, depending on how much you wish to send.

* To send money out of Iran, the rate is 755 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 29, 1999

* Iran recruits engineers for nuclear training in Russia

EHRAN, Jan 29 (AFP) - Iran is recruiting engineers to receive training in Russia for its controversial Bushehr nuclear plant, just weeks after Washington stepped up pressure on Moscow to end its nuclear cooperation with Tehran. Advertisements published in the Tehran press by the Iranian Atomic Energy Organization said a total of 225 engineers were needed with expertise in the fields of nuclear physics, physics, mechanical engineering and computer science ... FULL TEXT

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Thursday
January 28, 1999

* Petition: Call for U.S. grain sales to Iran

(Iranians for International Cooperation) - URGENT ACTION: Support Senator Craig's initiative to persuade the U.S. Treasury Department to permit grain exports to Iran. Permitting sales of food commodities to Iran is an excellent way to both relieve hardworking US farmers from depressed earnings and open up healthy economic ties with our former ally Iran ... FULL TEXT

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* Oil sideways as refiners run for cover

LONDON, Jan 28 (Reuters) - Oil prices moved sideways on Thursday as the sagging value of refined petroleum products in western markets weighed heavily on the oversupplied market. London futures for bellwether Brent blend crude were trading four cents a barrel down by 1600 GMT at $10.84, well below last year's $13.34 average, a 22-year low. Dealers said that though crude stockpiles had subsided, a stubborn overhang of oil product inventories was forcing refinery margins into the red in western markets ... FULL TEXT

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* New measures to encourage export of handicrafts

Tehran, Jan. 28, IRNA - Exporters of handicrafts, excluding carpets, are exempted from committing to return any of the foreign exchange earned from their exports to the central bank of iran (cbi) ... FULL TEXT

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Wednesday
January 27, 1999

* Iran assembly speaker opposes ``enemy'' U.S. wheat

TEHRAN (Reuters) - Iran's conservative parliament speaker Wednesday opposed any imports of U.S. wheat, saying Tehran should not become dependent on its arch-enemy. But Iran's Foreign Minister referred to the possible imports as a sign that U.S. sanctions against Iran had failed. They were reacting to reports that U.S. officials were considering a sanction waiver allowing $500 million of U.S. farm goods to be exported to Iran ... FULL TEXT

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* Ireland calls for expansion of trade ties with Iran

Tehran, Jan. 27, IRAN - irish foreign minister david andrews said here on wednesday that since trade constitutes half of ireland's gross national product (gnp), therefore the country is for expansion of trade ties with iran. andrews told commerce minister mohammad shariatmadari that establishment of a sound and continued link between iranian and irish producers, exporters and traders can be helpful and effective in promotion of bilateral relations ... FULL TEXT

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Tuesday
January 26, 1999

* Iran cuts defence spending to under $1 billion

TEHRAN, Jan 26 (AFP) - With plunging oil prices provoking a serious economic crisis, Iran has slightly cut its defence budgetfor the next fiscal year beginning March 21, papers here reportedTuesday. Parliament approved government proposals for a military budget of 2,800 billion rial -- about 933 million dollars at the official3,000 rial to the dollar exchange rate -- against 2,900 billion (966million dollars) for the current year ... FULL TEXT

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* Rial continues slide, down three pct-traders

TEHRAN, Jan 26 (Reuters) - The Iranian rial has continued to slide against hard currencies, losing another three percent against the dollar, traders and economists said on Tuesday. On Tehran's illegal but active black market, dealers sold dollars for about 7,750 rials each on Tuesday, compared to 7,500 rials per dollar on Monday. The rial momentarily fell to as low as 7,900 to the dollar late on Monday, dealers said ... FULL TEXT

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* Iran-Ireland economic commission begins work

Tehran, Jan. 26, IRNA - the 3rd session of iran-ireland joint economic commission began work here tuesday. iranian foreign minister kamal kharrazi and irish foreign minister david andrews led their respective countries' delegations to the session ... FULL TEXT

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* Bahrain's new envoy takes up post in Iran

TEHRAN, Jan 26 (Reuters) - Bahrain's new ambassador to Iran presented his credentials to the Iranian president on Tuesday, more than two years after the two countries downgraded ties over an alleged pro-Iranian plot to topple Bahrain's government. The official Iranian news agency IRNA said President Mohammad Khatami told the new ambassador that Iran and Bahrain shared common security concerns ``and this will help promote and strengthen their links.'' ... FULL TEXT

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Monday
January 25, 1999

* Rial loses 10 percent of value

TEHRAN, Jan 25 (AFP) - The Iranian rial continued to plunge against major foreign currencies on Monday, losing around 10 percent of its value in the past two days. The rial which was trading on the illegal open market at 7,200 to the dollar on Saturday, slumped to 7,500 on Sunday and dropped further to 7,900 on Monday ... FULL TEXT

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* Rial slides to new lows on inflation fears

TEHRAN, Jan 25 (Reuters) - The Iranian rial has fallen to new lows against hard currencies, losing four percent against the dollar on concern over a new flurry of price rises, traders and economists said on Monday. On Tehran's illegal but active black market, dealers sold dollars for 7,500 rials each on Monday, compared to about 7,200 on Saturday ... FULL TEXT

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* BP Amoco confirms big Iran oil proposal

LONDON, Jan 25 (Reuters) - BP Amoco has confirmed that it has submitted a technical proposal to the National Iranian Oil Company for one of the largest fields on offer in an Iranian international tender. ``We have submitted a technical proposal for the long-term development of the Bangestan reservoir,'' a company spokesman said on Monday ... FULL TEXT

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* MPs sets food subsidies at 7.5 trillion rials

TEHRAN, Jan 25 (Reuters) - Iran's parliament has set food subsidies at 7.5 trillion rials for the next Iranian year, up from 6.2 trillion rials in the current year, state media reported on Monday. The parliament late on Sunday approved a budget measure allowing the government to spend 7.5 trillion rials to keep down the prices of items including wheat, sugar, tea, vegetable oil, red meat, milk, fertilisers, veterinary vaccines and pesticides, the official news agency IRNA said... FULL TEXT

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U.S.-Iran Business Council Forum

The Iranian Trade Association, along with our host, the Washington International Trade Association will present the First Quarterly U.S.-Iran Business Council Forum: "The Process of Engagement" on Wednesday, February 3, 1999 in Washington, DC ... MORE DETAILS


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