Business
Oct 5-9, 1998 / Mehr 13-17, 1377
News
| Sports
| Arts
| Rights
| Community
Today
For the latest news visit THE IRANIAN
Newsroom
Previous
* Firm oil rally must await Asia recovery-IEA
* State-owned mining companies to be privatized
* Iran builds South Pars platform
* Mobil attacks U.S. stance on Iran
* Ideas clash over Iran in Caspian oil game
* Italian foreign trade minister in Iran
* Iran cuts industry funding as oil income falls
* Order for 15,000 buses
* U.S. firms attend Iranian trade fair
* British official in Iran trade, investment talks
* Non-oil exports: Obstacles removed
* Oil's infant recovery takes a blow
* Alkaline battery plant
News
| Sports
| Arts
| Rights
| Community
Monday | Tuesday | Wednesday
| Thursday | Friday
Get Persian fonts from Hamshahri or Payvand
email us
$ Rate
* To send money to Iran, today's rate is 613-622 tomans per
dollar, depending on how much you wish to send.
* To send money out of Iran, the rate is 627 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
Oct 8, 1998
* Firm oil rally must await Asia recovery-IEA
LONDON, Oct 8 (Reuters) - Weak oil prices will make lasting gains only
when Asian economies recover and lift petroleum demand, the International
Energy Agency said on Thursday. Recent gains that countered a 30 percent
price slump this year will likely prove temporary, the West's energy watchdog
added in a gloomy edition of its Monthly Oil Market Report... FULL
TEXT
Go to top
* State-owned mining companies to be privatized
TEHRAN, (Hamshahri) - A mines and metals ministry official has said
there are plans to sell off state-owned mining companies which make up
20 percent of the industry... FULL
TEXT IN PERSIAN
Go to top
* Iran builds South Pars platform
TEHRAN, (Hamshahri) - Iranian engineers have for the first time built
an oil and gas exploration platform to be used in the South Pars field...
FULL
TEXT IN PERSIAN
Go to top
Wednesday
Oct 7, 1998
* Mobil attacks U.S. stance on Iran
ALMATY, Oct 7 (Reuters) - U.S. oil major Mobil slammed the United States'
position on energy investment in Iran on Wednesday, saying that Washington's
reluctance to do business with Tehran was ``doing more harm than good.''
Carl Burnett, president of Mobil Oil Kazakhstan, is keen to see U.S.-Iranian
relations thaw, because it would help unlock Central Asia's vast oil and
gas wealth by providing an alternative pipeline route to world markets...
FULL
TEXT
Go to top
* Ideas clash over Iran in Caspian oil game
ALMATY, Oct 7 (Reuters) - Powerful players in the Caspian oil game clashed
on Wednesday over the role of Iran in the development of the exciting yet
troubled new energy frontier. Young former Soviet states surrounding the
resource-rich Caspian waters are pinning their long term economic future
on an oil and gas production boom early next century - a boom which the
United States, among others, is keen to promote... FULL
TEXT
Go to top
Tuesday
Oct 6, 1998
* Italian foreign trade minister in Iran
TEHRAN, Oct 6 (AFP) - Italian Foreign Trade Minister Augusto Fantozzi
is in Tehran to discuss developing economic ties as relations between Iran
and its second-largest European trading partner continue to expand. Giorgio
Fossa, president of the employers' association Cofindustria, arrived in
Tehran Sunday with a delegation of 120 business executives representing
80 Italian companies... FULL
TEXT
Go to top
* Iran cuts industry funding as oil income falls
TEHRAN, Oct 6 (Reuters) - Iran, facing a sharp fall in its oil income,
has drastically cut government allocations to mines and industries, a senior
parliament deputy said on Tuesday. Mohammad Baqer Nobakht, a leading member
of the parliament's budget commission, said state hard currency funding
for industries was cut to $360 million in the six months to September,
from $1.85 billion in the same period a year earlier, Iranian television
reported ... FULL
TEXT
Go to top
* Order for 15,000 buses
TEHRAN, (Hamshahri) - The interior ministry has signed a deal with Iran
Khodro for 15,000 buses. The ministry overlooks municipalities which manage
local public transport services... FULL
TEXT IN PERSIAN
Go to top
Monday
Oct 5, 1998
* U.S. firms attend Iranian trade fair for first time in 20 years
TEHRAN, Iran (CNN) - Several American companies are taking part in this
year's international trade fair in Tehran -- the first participation by
U.S. firms since the 1979 Iranian revolution that fractured relations between
the two countries. The companies from the United States, one of 74 countries
taking part in the fair, are in Tehran despite U.S. trade sanctions still
in place against Iran... FULL
TEXT
Go to top
* British official in Iran trade, investment talks
TEHRAN, Oct 4 (Reuters) - A top British trade promoter met Iranian officials
on Sunday seeking the first fruits of improved relations between the two
countries after settlement of the Salman Rushdie affair. Britain and Iran
are beginning a new chapter in their relations after agreeing two weeks
ago to put behind them differences over the religious death decree against
the British author for alleged blasphemy against Islam... FULL
TEXT
Go to top
* Non-oil exports: Obstacles removed
TEHRAN, (Hamshahri) - New streamlined regulations have opened the way
for increased non-oil exports, says the head of the customs organizations,
Mehdi Karbasian ... FULL
TEXT IN PERSIAN
Go to top
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
Go to top
* Alkaline battery plant
TEHRAN, (Hamshahri) - Iran's first alkaline battery factory has gone
into operation ... FULL
TEXT IN PERSIAN
Go to top
