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Business
August 31-September 4, 1998 / Shahrivar 9-13, 1377

News | Sports | Arts | Rights | Community

Today

* Iranian contractors in world markets, a must
* Chicken: 900 tomans a kilo

Previous

* Iran Air eyes new routes, new planes
* Iran to sue German firms over chemical weapons
* Dollar rises above 600 tomans
* Iran spent $100mln in year for jobs,infrastructure
* Boost to trade with Germany
* Iran boosts sturgeon breeding to raise caviar output

News | Sports | Arts | Rights | Community


Monday | Tuesday | Wednesday | Thursday | Friday


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Iranian Trade Association


$ Rate

* To send money to Iran, today's rate is 590-610 tomans per dollar, depending on how much you wish to send.

* To send money out of Iran, the rate is 615 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,
Sept 4, 1998

* Iranian contractors in world markets, a must

TEHRAN, Sept. 3, (IRNA) - oil minister bijan namdar-zanganeh addressing a seminar on buy-back based projects by the national iranian oil company (nioc) here thursday said that the iranian oil and gas contractors through their participation in implementation of buy-back based projects would be able to prove their proper presence in the world markets for exporting technical and engineering services.... FULL TEXT

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* Chicken: 900 tomans a kilo

TEHRAN, (Hamshahri) - The price of chicken is on the rise in many cities because of production and distribution difficulties. Average price: 900 tomans per kilo (9,000 rials=$1.4)... FULL TEXT IN PERSIAN

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Thursday
Sept 3, 1998

* Iran Air eyes new routes, new planes

TEHRAN, Sept 3 (Reuters) - Flag carrier Iran Air plans to start flights to Canada soon and to buy six new aircraft to refurbish its ageing fleet, the airline's head said on Thursday. ``Up to now we have reached the North American market, which is important for us not least because of the large number of Iranians living there, through cooperation with other airlines, but we would like to provide access in a more convenient way,'' Iran Air Managing Director Ahmad Reza Kazemi told Reuters ... FULL TEXT

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* Iran to sue German firms over chemical weapons

TEHRAN, Sept 3 (Reuters) - Iran on Thursday named nine German companies it has said would face legal action for allegedly supplying chemical weapons to Iraq during its 1980-88 war with Iran. State-run Tehran radio quoted judiciary spokesman Fotovat Nassiri-Savadkuhi as saying that a court in Tehran would hear charges filed by Iranian victims of chemical attacks against the German firms ... FULL TEXT

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Wednesday
Sept 2, 1998

No news was gathered today because of technical difficulties.

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Tuesday
Sept 1, 1998

No news was gathered today because of technical difficulties.

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Monday
August 31, 1998

* Dollar rises above 600 tomans

TEHRAN, Aug 31 (Reuters) - The Iranian rial has fallen nearly nine percent against the dollar on the black market in the past few weeks on high demand for hard currencies, dealers said on Monday. Street dealers charged 6,100 rials for each dollar on Tehran's illegal but active black market, from some 5,600 rials about a month ago ... FULL TEXT

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* Iran spent $100mln in year for jobs,infrastructure

TEHRAN, Aug 31 (Reuters) - Iran has in the past year spent 300 billion rials ($100 million) on more than 2,000 development projects in deprived rural areas in an effort to create jobs and improve infrastructure, state television said on Monday. The projects have created 2,200 jobs and already provide services to 340,000 families, the head of rural affairs in Iran's government was quoted by the television as saying ... FULL TEXT

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* Boost to trade with Germany

TEHRAN, (Hamshahri) - Trade between Iran and Germany has been given a boost as Bonn resumes insuring exports to Iran ... FULL TEXT IN PERSIAN

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* Iran boosts sturgeon breeding to raise caviar output

TEHRAN, Aug 31 (Reuters) - Iran has raised the number of young sturgeon it breeds for release in the Caspian Sea to 24.5 million in the year to March, up 15.3 percent from last year, a newspaper reported on Monday. The daily Jahan-e Eqtesad quoted the state fisheries agency as saying the sturgeon were bred at five centres to boost the number of fish and thereby caviar production ... FULL TEXT

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Sehaty Exchange (U.S.) 602-595-0777


Features

Reaching out, if he can

(The Economist) - SINCE Iran's would-be liberal President Muhammad Khatami took office a year ago, he has been too busy with the political battle against conservatives to spend much time worrying about the economy. Now the statistics have made it impossible to go on like that. On August 2nd the president called for sweeping economic reforms. "Our economy is chronically ill. It will not be cured unless we make fundamental changes," he said.


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