Business
Dec 21-24, 1998 / Azar 28-Dey 4, 1377
News
| Sports
| Arts
| Rights
| Community
Today
* Iran says six-month non-oil exports down seven pct
Previous
* Iran to woo foreign funds with guarantees
* U.S. weighs pros and cons of Iranian grain deal
* Iran minister urges more funds for agriculture
* 900 oil wells drilled in Iran since 1979
* Steel production 13% less than expected
* Qeshm business plans
* Agriculture measures amid drought fears
* Iran minister says external debt about $12 bln
* Iran, Russia form joint oil and gas company
* Total again defies US law on trade with Iran
* Iran to stick to controversial oil output level
* Iran and Japan agree on more dialogue
* Iran meets EU talk politics and economics
* Oil price bounce gives little hope
News
| Sports
| Arts
| Rights
| Community
Monday | Tuesday | Wednesday
| Thursday | Friday
Get Persian fonts from Hamshahri
or Payvand
email us
$ Rate
Updated December 23, 1998
* To send money to Iran, the rate is 690-710 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 713 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
Thursday
December 24, 1998
* Iran says six-month non-oil exports down seven pct
TEHRAN, Dec 24 (Reuters) - Iran's non-oil exports, which Tehran has
been trying to boost to counter a fall in its oil income, fell seven percent
in the six months to September 22, figures released on Thursday showed.
The Iranian news agency IRNA quoted a report by Iran's customs as saying
the exports amounted to $1.3 billion in the six-month period, down seven
percent year on year ... FULL
TEXT
Go to top
Wednesday
December 23, 1998
* Iran to woo foreign funds with guarantees
TEHRAN, Dec 23 (Reuters) - Iran's parliament on Wednesday passed a law
that will provide foreign investment guarantees as part of an attempt to
jump start the economy, which has been badly hit by the slump in oil prices.
Deputies approved the cabinet bill under which Iran's government pledges
to refund foreign investments in Iranian free trade zones in case of state
takeovers or seizures by the courts, the official news agency IRNA reporter
... FULL
TEXT
Go to top
* U.S. weighs pros and cons of Iranian grain deal
December 23, 1998, (Journal of Commerce) - Despite its budget troubles,
Iran plans to find financing for a $500 million grain purchase from the
United States that would be the biggest agricultural sale of the year,
a principal in the proposed deal said this week. "They're coming up
with the financing. From our perspective, it's a cash deal," said
Richard Bliss, a Washington attorney and president of Niki Trading Co.,
a newly formed firm that is seeking a license to complete the transaction
with the Government Trading Corp. of Iran ... FULL
TEXT
Go to top
* Iran minister urges more funds for agriculture
TEHRAN, Dec 23 (Reuters) - Iran's agriculture minister called for increased
investment in agriculture, saying ``alarm bells were ringing'' in the sector,
in remarks published on Wednesday. ``We have to ask why the rate of investment
in agriculture has been falling, while the sector is 99 percent private,''
Issa Kalantari was quoted as saying by the daily Hamshahri. ``The clear
answer is: unconditional dependence on oil income.''... FULL
TEXT
Go to top
* 900 oil wells drilled in Iran since 1979
TEHRAN, Dec 22 (AFP) - Iran, the world's second largest oil producer,
has drilled about 900 oil wells on its territory since the 1979 Islamic
revolution, the National Iranian Oil Drilling Company (NIODC) said here
on Tuesday. "The company was created in 1979 on the orders of the
founder of the Islamic Republic Imam Khomeini, and since then it has drilled
about 900 wells and maintained or repaired another 420," added Heidar
Bahmani, the company's mangaging director ... FULL
TEXT
Go to top
* Steel production 13% less than expected
Tehran, (Hamshahri) - Steel production figures (3.6 million tons) in
the past eight months have reached 87 percent of earlier forecasts ...
FULL TEXT
IN PERSIAN
Go to top
* Qeshm business plans
Tehran, (Hamshahri) - Latest figures on industrial and business plans
in the Qeshm Free Tarde Zone ... FULL
TEXT IN PERSIAN
Go to top
Tuesday
December 22, 1998
* Iran eyes agriculture measures amid drought fears
TEHRAN, Dec 22 (Reuters) - Iran's President Mohammad Khatami called
on Tuesday for measures to modernise agriculture and curb consumption as
a senior official cautioned about the possibility of a new drought due
to low rainfall. Khatami, quoted by the official news agency IRNA, said
Iran needed to boost mechanisation and modern technology in agriculture
to limit reliance on food imports ... FULL
TEXT
Go to top
* Iran minister says external debt about $12 bln
TOKYO, Dec 22 (Reuters) - Iran's external debt amounts to roughly $12
billion, or 10 percent of its gross domestic product (GDP), Iran's foreign
minister said on Tuesday. Iranian Foreign Minister Kamal Kharrazi told
a news conference that Iran saw its external debt as being at an acceptable
level ... FULL
TEXT
Go to top
* Iran, Russia form joint oil and gas company
TEHRAN, Dec 20 (Reuters) - Iran and Russia have agreed to form a joint
oil and gas drilling company, Iranian newspapers said on Sunday. The newspapers
quoted the official IRNA news agency as saying the final agreement between
Iran's Naftgaran Engineering Services Company (NESCO) and Russia's gas
giant Gazprom (GAZP.MO) (GAZPq.L) would be signed on Monday ... FULL
TEXT
Go to top
Monday
December 21, 1998
* Total again defies US law on trade with Iran
TEHRAN, Dec 21 (AFP) - French oil group Total is again openly defying
US threats to punish foreign companies doing business with Iran, negotiating
new projects with Tehran, one of which involves a vast onshore field. "With
10 percent of the planet's oil reserves and 15 percent of the gas reserves,
Iran is central to our development strategy. We reject sidelining this
country because of political reasons," Total's Middle East director,
Christophe de Margerie, told AFP ... FULL
TEXT
Go to top
* Iran to stick to controversial oil output level
DUBAI, Dec 19 (Reuters) - OPEC power Iran is not expected to change
its position on oil production, a bitter dispute blocking fresh moves by
the battered cartel to rescue collapsed prices, an Iranian oil source said
on Saturday. ``Any new discussions or measures to help the market are all
helpful. But as far as Iran's position on its production cut baseline,
there is no way this will change,'' the source, who requested anonymity,
told Reuters ... FULL
TEXT
Go to top
* Iran and Japan agree on more dialogue
Dec 21, (BBC) - Iran and Japan have agreed to step up political dialogue
during talks between their foreign ministers in Tokyo but have failed to
resolve differences over economic issues. The Japanese news agency said
both sides agreed to more frequent contacts at ministerial level ...
FULL TEXT
Go to top
Friday,
December 18, 1998
* Iran meets EU talk politics and economics
Dec 18, (BBC) - Senior officials from Iran and the European Union have
begun talks in the Austrian capital, Vienna, on economic, political and
human rights issues. The officials also discussed the recent killings of
a number of Iranian writers and opposition figures, suspected to have been
carried out by conservative Iranian elements opposed to President Mohammmed
Khatami's reforms ... FULL
TEXT
Go to top
* Oil price bounce gives little hope
LONDON, Dec 17 (Reuters) - Crude oil prices may have found a floor after
tumbling to their lowest levels in 12 years but that shouldn't boost next
year's modest growth outlook for emerging market countries, analysts said
on Thursday. Even with the overnight U.S-British missile attack on oil-producing
Iraq, they were not inclinded to reconsider prospects for oil producers
... FULL
TEXT
Go to top
