Business
October 2-6, 2000 / Mehr 11-15, 1379
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BUSINESS NEWS INDEX
Friday,
October 6, 2000
Oil steadies after sliding on release
LONDON (Reuters) - Oil prices recovered some ground on Friday after
big losses triggered by progress in the release U.S. emergency supplies
aimed at easing winter supply shortages. Benchmark Brent blend crude ended
19 cents higher at $30.08 a barrel, well above an average of $27.06 for
the 12 months to date and an average of $28.06 so far this year >>>
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INDEX
* Oil steadies after sliding on release
* Iran plans to open up equity market-cen bank governor
* Iran in debt deal with UK
* Huge power plant projects for German firms in Iran
* New Islamic conference tackles age-old tourist problems:
money and fun
* Iran boosts oil production by 116,800 barrels a day
* German economics minister arrives in Tehran
* After easing restrictions, Iran looking for foreign investment
* Iran boosts oil production by 116,800 barrels a day
* German economics minister arrives in Tehran
* After easing restrictions, Iran looking for foreign investment
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Thursday
October 5, 2000
Iran plans to open up equity market-cen bank governor
TEHRAN, Oct 4 (Reuters) - Iran's parliament gave initial approval on
Wednesday to a government plan to use up to $4 billion in extra oil income
until March to help revive the stagnant economy. State radio said deputies
passed after a first reading a budget amendment allowing the government
to spend half of Iran's extra income from robust oil prices to fund development
projects and create jobs >>>
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Wednesday
October 4, 2000
Iran plans to open up equity market-cen bank governor
LONDON, Sept 29 (Reuters) - Iran is about to welcome foreign investorsback
to its stock market for the first time since the the 1979 Islamicrevolution,
a senior Iranian government official said on Friday. ``We are working on
the criteria for foreign investment (in the stockmarket) and I hope within
a month and a half we will announce them,''Iranian central bank governor
Mohsen Nourbakhsh told Reuters in aninterview >>>
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Trade deal pulls Iran in from the cold
The Times (London) -- BRITAIN is to grant medium- term credit insurance
for exports to Iran in a move aimed at pushing the British up the league
of exporters to the Islamic Republic.The decision to bring Iran back into
the fold of countries eligible for the range of export credits was announced
yesterday by Richard Caborn in the first visit by a UK trade minister to
Tehran for two decades >>>
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Tuesday
October 3, 2000
Iran in debt deal with UK
October 3, 2000. (Financial Times) -- The Export Credit Guarantee Department
is to provide cover to help exporters compete for contracts in Iran following
an agreement to write off about £20m of Iranian debt. Richard Caborn,
the first trade minister to visit Iran since the 1979 Islamic revolution,
said in Tehran on Monday: "The agreement says effectively that Iran
is open for business." >>>
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Huge power plant projects for German firms in Iran
October 2, 2000, Teheran (dpa) - Huge power plant projects are on the
verge of finalisation between Iran and German firms, visiting German Economics
Minister Werner Mueller said in Teheran on Monday. ``Nothing is settled
yet, but I have the feeling that especially regarding huge power plant
projects we are on the verge of finalising some accords,'' Mueller said
after a meeting with Energy Minister Bitaraf >>>
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New Islamic conference tackles age-old tourist problems: money and
fun
ISFAHAN, Iran, Oct 3 (AFP) - Ministers and top officials from some two
dozen Muslim nations on Tuesday opened the first-ever international conference
aimed at promoting tourism in the Islamic world. Iran is hosting the gathering
in the ancient city of Isfahan, one of its touristic showpieces, as Muslim
nations bid for a larger share of the international travel industry whose
annual revenues are estimated at around 440 billion dollars >>>
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Monday
October 2, 2000
Iran boosts oil production by 116,800 barrels a day
TEHRAN, Oct 1 (AFP) - Iran increased its daily oil output by 116,800
barrels per day (bpd) Sunday, in keeping with recent decisions by the Organization
of Petroleum Exporting Countries, the daily Entekhab said. The daily output
is now 3,843,800 bpd, up from 3,727,000, the paper said >>>
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German economics minister arrives in Tehran
TEHRAN, Oct 1 (AFP) - German Economy Minister Werner Mueller began a
three-day visit to Tehran Sunday, aimed at confirming the recent reopening
of economic ties between Iran and Germany. Mueller is accompanied by some
60 people, the largest German delegation to Iran since the Islamic revolution
of 1979, including three members of the German parliament and a number
of business leaders >>>
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After easing restrictions, Iran looking for foreign investment
TEHRAN, Sept 30 (AFP) - Iran wants foreigners to invest in the country,
Vice President Hassan Habibi said Saturday at the opening of Tehran's 26th
international fair, which was attended for the first time in two decades
by US companies. "We must first develop non-oil exports and cut the
cost of trade. Iran encourages and wants to help foreign partners invest,
in particular Iranians living abroad," Habibi said >>>
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