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Sehaty Foreign Exchange

Shahin & Sepehr

Business
Sept 22-25, 1998 / Shahrivar 31 - Mehr 3, 1377

News | Sports | Arts | Rights | Community

Today

* British-Iranian ties ease path for UK oil firms
* Iran oil reform plan worries foreign oil firms

Previous

* UK, Iran raise ties after Rushdie agreement
* Opec may cut output again says oil minister
* 77,000 Iranians bought stocks in past six months
* Iran foundation to invest in C.Asia-Gulf railway
* Iran leader calls for U.S. funding
* More U.S.-Iran energy investment seen still far off
* Iranian official in London for talks
* U.K. oil independents see opportunities in Iran
* Non-oil export slump reviewed
* Car prices
* Key Iran official survives gunmen attack-IRNA
* Iran Risks Much With Threat To Taliban

News | Sports | Arts | Rights | Community


Monday | Tuesday | Wednesday | Thursday | Friday


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* To send money to Iran, today's rate is 615-625 tomans per dollar, depending on how much you wish to send.

* To send money out of Iran, the rate is 630 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 25, 1998

* British-Iranian ties ease path for UK oil firms

LONDON, Sept 25 (Reuters) - Britain's resumption of full diplomatic relations with Iran will smooth the way for British companies to compete for business in Iran's coveted oil and gas sector, analysts said on Friday. Iranian hydrocarbon reserves, under-exploited since the 1979 Islamic revolution, are among the world's largest... FULL TEXT

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* Iran oil reform plan worries foreign oil firms

LONDON, Sept 25 (Reuters) - Iran is considering a restructuring of its giant onshore oil industry even as it negotiates an ambitious wave of foreign petroleum investment, an official and an economic newsletter said on Friday. While a reshuffle might pose short-term hiccups for potential foreign investors, it would be unlikely to produce long-term delays for Iran's largest energy tender since the 1979 Islamic revolution, the official said ... FULL TEXT

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Thursday
Sept 24, 1998

* UK, Iran raise ties after Rushdie agreement

UNITED NATIONS (Reuters) - Britain and Iran sealed a landmark agreement to restore full diplomatic relations on Thursday after Tehran formally dissociated itself from a death edict against British writer Salman Rushdie. British Foreign Secretary Robin Cook described the deal with Iranian Foreign Minister Kamal Kharrazi as historic. It was reached more than nine years after the late revolutionary leader Ayatollah Ruhollah Khomeini condemned the author of ``The Satanic Verses'' to death for blaspheming Islam... FULL TEXT

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* Opec may cut output again says oil minister

LONDON, (Daily Telegraph) - Persian Gulf oil producers yesterday held out the prospect of a further cut in Opec production as the recent rally in prices was maintained amid a flurry of excitement about "oil summits". Sheikh Saud Nasser al-Sabah, Kuwait's oil minister, said after a meeting of oil ministers from Iran, Algeria, Kuwait, United Arab Emirates and Oman that Opec producers might approve more output cuts ahead of the next meeting of the cartel on November 25... FULL TEXT

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* 77,000 Iranians bought stocks in past six months

TEHRAN (Hamshahri) - More than 77,000 people have purchased shares at the Tehran Stock Exchange in the past six months... FULL TEXT IN PERSIAN

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Wednesday
Sept 23, 1998

* Iran foundation to invest in C.Asia-Gulf railway

TEHRAN, Sept 22 (Reuters) - Iran's largest state-affiliated foundation has agreed to finance and build a 480-km (300-mile) section of a railway connecting Central Asia to the Gulf, Tehran radio reported on Tuesday. It said the Bonyad-e Mostazafan va Janbazan (Foundation for the Disinherited and the War Disabled) reached an accord with the Roads and Transport Ministry to build the section of the 780-km Mashhad-Bafq railway with an unspecified amount of its own funds. The radio gave no further details of the project... FULL TEXT

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Tuesday
Sept 22, 1998

* Iran leader calls for U.S. funding

UNITED NATIONS (AP) - Iran's leader called for increased U.S. investments Tuesday but Mohammad Khatami said his government remains cautious about improving ties with Washington. Khatami, who addressed the U.N. General Assembly on Monday, told reporters he sensed a more positive U.S. tone toward his country, but that was not enough to improve formal ties ... FULL TEXT

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* More U.S.-Iran energy investment seen still far off

WASHINGTON, Sept 21 (Reuters) - U.S. energy companies should not get their hopes up that Monday's meeting in New York involving top U.S. and Iranian officials will lead to a better business climate between the two nations anytime soon. ``All of that is a possible evolution, but I think it's probably more years, than months, before the doors are open for flooding Iran with American investments,'' a U.S. State Department official told Reuters. Still, Monday's participation by U.S. Secretary of State Madeleine Albright and Iranian Foreign Minister Kamal Kharrazi in an eight-nation meeting about Afghanistan's civil war could be viewed as a step in the long road to normalising relations ... FULL TEXT

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Monday
Sept 14, 1998

* Key Iran official survives gunmen attack-IRNA

TEHRAN, Sept 13 (Reuters) - The head of a powerful Iranian state foundation survived an assassination attempt on Sunday, the official news agency IRNA reported. It said unknown gunmen opened fire on Mohsen Rafiqdoust from hills overlooking his office in north Tehran. Rafiqdoust, 58, heads the Bonyad-e Mostazafan va Janbazan (Foundation of the Deprived and War Disabled) which is Iran's top economic powerhouse. It controls most hotels and hundreds of firms, including many industrial plants ... FULL TEXT

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* Iran Risks Much With Threat To Taliban

Boston, 14 September 1998 (Radio Free Europe) - While Central Asia watches and worries, Iran may be risking its chance for business and investment as it threatens military action against Afghanistan's Taliban. If fighting erupts with the Taliban, the chance for stable routes through Iran could go by the boards. Iran has frequently cited its stability in competing for Caspian Sea pipeline routes, drawing comparisons to the troubled Caucasus. That advantage could fade quickly in the event of a war. Some foreign companies that have voiced interest in Iran's oil projects could also have second thoughts... FULL TEXT

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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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