Business
September 13-17, 1999 / Shahrivar 22-26, 1378
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Today
* Austrian president first EU leader
to visit Iran
Previous
* Khatami's 5-Year Plan would privatize
major industries
* Iran says Shell, Lasmo started Caspian exploration
* Turkmenistan: Economic Relations Developing With Iran
* Khatami presents $112 bln five-year plan
* Listless economy drags down Iran
* U.S. warns Americans against traveling to Iran
* Head of NIOC international division appointed
* American family can't seize Iran property
* US grain industry encouraged by first Iranian sale
* More US corn sales to Iran possible-industry aide
* Yemen, Iran firm sign oil tanker facility deal
* Iran says growth fell to 1.6 pct in yr to March 99
* Elf bids for Iran's South Pars gas phases 6-8 - MEES
* Iran hails cooperation with Saudis on oil
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$ Rate
Updated September 17, 1999
* Buying: 860-878 tomans per dollar
* Selling: 882 tomans per dollar
Source: Sehhaty Foreign Exchange. Call in U.S.: 877-SEHHATY (734-4289)
or 800-995-0264, Fax: 480-595-0222. Address: PO Box 3230,
Carefree, AZ 85377, USA. Mention this code for a
better rate: FA37B
Friday,
September 17, 1999
* Austrian president first EU leader to visit Iran
VIENNA, Sept 17 (Reuters) - Austrian President Thomas Klestil will make
a state visit to Iran on September 20-21, making him the first head of
state from the European Union to visit the country since the 1979 Islamic
Revolution. The president's office said on Friday that Klestil had accepted
an invitation from Iranian President Mohammad Khatami for an official working
visit to discuss developing and expanding bilateral relations ... FULL
TEXT
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Thursday
September 16, 1999
* Khatami's 5-Year Plan would privatize major industries
Sept 15, TEHERAN, Iran (AFP) -- President Mohammad Khatami, under mounting
pressure to tackle Iran's economic woes, outlined an ambitious program
Wednesday to privatize several major industries for the first time in more
than 60 years ... FULL
TEXT
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* Iran says Shell, Lasmo started Caspian exploration
TEHRAN, Sept 15 (Reuters) - Royal Dutch/Shell and Lasmo have begun oil
exploration off Iran's Caspian Sea coast, a senior Iranian official said
on Wednesday. The official Iranian news agency IRNA quoted Deputy Oil Minister
Ali Majedi as saying Shell and Lasmo had started about one month ago a
seismic survey in a 10,000 sq km (3,900 sq mile) area in the southern Caspian
... FULL TEXT
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* Turkmenistan: Economic Relations Developing With Iran
Boston, 15 September 1999 (RFE/RL) -- Turkmenistan is seeking closer
economic ties with Iran. It has proposed a 10-year pact with Tehran that
would focus on energy, construction and other sectors. RFE/RL special correspondent
Michael Lelyveld examines the stakes ... FULL
TEXT
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Wednesday
September 15, 1999
* Khatami presents $112 bln five-year plan
TEHRAN, Sept 15 (Reuters) - Iranian President Mohammad Khatami on Wednesday
unveiled a $112 billion five-year economic plan which aims to boost annual
growth to six percent and reduce the size of the dominating state sector.
Khatami, presenting the draft plan to parliament, proposed ending state
monopolies on telecommunications, railways, sugar, tobacco and tea and
pledged to encourage private investment ... FULL
TEXT
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* Listless economy drags down Iran
TEHRAN, September 15, 1999 (The Washington Post) - Ali Abrishami, a
fourth-grade teacher, recently asked a group of students how they view
their economic futures in Iran. The responses were bleak. "I'm afraid
of rising prices," one boy said. "I don't think I will find a
job," said another. A third said simply: "I don't want to grow
up." ... FULL
TEXT
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* U.S. warns Americans against traveling to Iran
WASHINGTON, Sept 14 (Reuters) - The U.S. State Department on Tuesday
warned Americans not to travel to Iran, saying despite calls by national
leaders for more person-to-person contacts, there was some ``harassment
by vigilante groups.'' ``The Department of State warns U.S. citizens to
defer travel to Iran,'' a statement said ... FULL
TEXT
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* Head of NIOC international division appointed
DUBAI, Sept 15 (Reuters) - Iran has named a former undersecretary for
petrochemicals to head the international division of the state oil company,
an oil official said on Wednesday. The official said Ahmad Rahgozar has
been named managing director of the recently-established National Iranian
Oil Company International ... FULL
TEXT
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Tuesday
September 14, 1999
* American family can't seize Iran property
GREENBELT, Md. (AP) - A federal judge has blocked the family of a woman
killed by terrorists in the Middle East from seizing property belonging
to a foundation allegedly linked to Iran. Rosalyn and Stephen Flatow had
sued the Iranian government for wrongful death in the killing of their
daughter, Alisa, and in March 1998 won a judgment of $247.5 million. They
were the first of several families to win judgments under a 1996 federal
law allowing victims to seek punitive damages from nations that sponsor
international terrorism ... FULL
TEXT
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* US grain industry encouraged by first Iranian sale
WASHINGTON, Aug 12 (Reuters) - After extended efforts to convince the
government to relax sanctions on Iran, U.S. farmers were rewarded on Thursday
with news of the first U.S. corn sale to that country in four years ...
FULL
TEXT
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* More US corn sales to Iran possible-industry aide
WASHINGTON, Sept 14 (Reuters) - A new sale of 100,000 tonnes of U.S.
corn to Iran is just a fraction what the country could eventually buy,
a U.S. grain industry official said Tuesday. ``There's more being negotiated,''
said the industry aide, who was not directly involved in the grain deal
... FULL TEXT
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* Yemen, Iran firm sign oil tanker facility deal
SANAA, Sept 14 (Reuters) - Yemen on Tuesday signed a $5.7 million deal
with an Iranian company to modernise an oil tanker handling facility in
the port of Hodeidah, the oil ministry said ... FULL
TEXT
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Monday
September 13, 1999
* Iran says growth fell to 1.6 pct in yr to March 99
TEHRAN, Sept 13 (Reuters) - Iran's economic growth slowed to 1.6 percent
in the year to March 1999 as oil prices slumped, Central Bank Governor
Mohsen Nourbakhsh said in remarks published on Monday. The figure shows
a further fall in GDP growth from the previous year's already diminished
2.5 percent ... FULL
TEXT
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* Elf bids for Iran's South Pars gas phases 6-8 - MEES
NICOSIA, Sept 13 (Reuters) - Elf Aquitaine has bid on tenders to develop
phases six, seven and eight of Iran's offshore South Pars gas field, the
Middle East Economic Survey (MEES) reported on Monday ... FULL
TEXT
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* Iran hails cooperation with Saudis on oil
TEHRAN (Reuters) - Iranian President Mohammad Khatami Saturday hailed
cooperation between his country and Saudi Arabia which boosted oil prices
to their highest level in 32 months and he called for more work to strengthen
OPEC. Khatami's remarks came after he received a message from Saudi Arabia's
Crown Prince Abdullah delivered by a Saudi cabinet member, Tehran radio
said ... FULL
TEXT
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