Business
Sept 28-Oct 2, 1998 / Mehr 6-10, 1377
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Today
* Oil's infant recovery takes a blow
* Alkaline battery plant
Previous
* Khatami inaugurates 24th Tehran trade fair
* Saudi Arabia to bring back US oil firms
* Afghan-Iran standoff hits border trade
* Pledge on Rushdie clears obstacle in Iran ties-EU
* Italian business delegation due in Tehran
* Iranian automakers to merge
* Iran minister calls for change in U.S. policy
* Iran signals may sweeten foreign oil terms
* Majlis in favor of first non-government bank
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Friday,
Oct 2, 1998
* Oil's infant recovery takes a blow
LONDON, Oct 2 (Reuters) - Battered world oil markets edged lower again
on Friday after a heavy price slump on Thursday triggered by a wave of
speculative selling by investment funds. London futures for November Brent
blend crude limped nine cents lower at $14.00 a barrel by midafternoon
after losing 59 cents on Thursday. The slide came as a blow to oil producers
who have carefully nurtured a recovery in prices from August's 10-year
low of $11.55 a barrel ... FULL
TEXT
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* Alkaline battery plant
TEHRAN, (Hamshahri) - Iran's first alkaline battery factory has gone
into operation ... FULL
TEXT IN PERSIAN
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Thursday
Oct 1, 1998
* Khatami inaugurates 24th Tehran trade fair
TEHRAN, oct. 1, (IRNA) - president mohammad khatami inaugurated the
24th tehran international trade fair here thursday. in his opening speech,
the president underlined the fact that commercial and industrial relations
were very important factors for establishment of peace and stability in
today's world ... FULL
TEXT
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* Saudi Arabia to bring back US oil firms
October 1, (BBC) - Saudi Arabia, which nationalised its oilfields 25
years ago, is signalling an interest in getting American oil companies
to help develop its vast oil and gas reserves. Crown Prince Abdullah met
top executives from seven leading US oil companies on Saturday and the
meeting has created a buzz of excitement in oil circles... FULL
TEXT
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Wednesday
Sept 30, 1998
* Afghan-Iran standoff hits border trade
QUETTA, Pakistan, Sept 30 (Reuters) - The military standoff between
Iran and Afghanistan's Taleban Islamic militia has caused a suspension
of border trade between the two countries for the last month and a half,
trade sources said. Traders in Quetta, capital of Pakistan's Baluchistan
province, said the Taleban were losing thousands of dollars each day due
to lost trade at the border with Iran where Tehran has massed more than
270,000 troops for military exercises... FULL
TEXT
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Tuesday
Sept 29, 1998
* Pledge on Rushdie clears obstacle in Iran ties-EU
BRUSSELS, Sept 29 (Reuters) - The European Union has said that Iran's
assurances that it would not threaten British writer Salman Rushdie's life
cleared an obstacle to better relations between Iran and the 15-nation
bloc. In a statement issued on Monday night by Austria, the current holder
of the bloc's rotating presidency, the EU welcomed Iran's pledge on Rushdie.
``The European Union has long sought satisfactory assurances in that respect
and considers them a very positive step by the government of the Islamic
Republic of Iran...,'' it said... FULL
TEXT
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* Italian business delegation due in Tehran
TEHRAN (Hamshahri) - An Italian delegation, including 120 businessmen
and officials, is due in Tehran this Sunday for talks on expanding bilateral
ties ... FULL
TEXT IN PERSIAN
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* Iranian automakers to merge
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Monday
Sept 28, 1998
* Iran minister calls for change in U.S. policy
NEW YORK, Sept 28 (Reuters) - The United States must change its behaviour
toward Iran, including lifting sanctions that harm the country's economic
development, if it wants a serious political dialogue with the government
in Tehran, Foreign Minister Kamal Kharrazi said on Monday ... FULL
TEXT
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* Iran signals may sweeten foreign oil terms
LONDON, Sept 28 (Reuters) - Iran is signalling it may soften terms unpopular
with foreign firms chasing oil and gas exploration ventures offered by
the Persian Gulf giant, industry sources say. But Iran is insisting on
separate conditions for developing established fields in preliminary talks
now underway on its largest energy tender since the 1979 Islamic revolution,
the sources said... FULL
TEXT
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* Majlis in favor of first non-government bank
TEHRAN (Hamshahri) - A bill calling for the formation of the country's
first non-government bank since 1979 has been approved in its first reading
by Majlis deputies ... FULL
TEXT IN PERSIAN
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