IRNA economic news digest
Tehran, Jan 11, IRNA -- The following economic news headlines appearedin major Tehran dailies on Saturday:
-- ABRAR-E EQTESADI
"CBI to start issuing participation bonds on Sunday"
The Central Bank of Iran (CBI) on Sunday will start issuing
participation bonds with an annual interest rate of 17 percent in five denominations ranging between one to 20 million rials.
-- AFARINESH
"CBI to finance 10,000 billion rials of govt's job-creating plans"
Governor of the Central Bank of Iran (CBI) Mohsen Nourbakhsh
said that the CBI had agreed to provide as much as 10,000 billion
rials financial support for the government's job-creating projects
through bank credits.
-- AFTAB-E YAZD
"Venezuela to use Iran's help to improve oil industry"
Venezuelan deputy minister of the interior has called on the
Iranian Oil Ministry to support the country's requirements in that
sector, expressing hope that the Islamic Republic relying on its
efficient expert knowledge in the area can help improve the oil
industries of the country.
-- ASIA DAILY FINANCIAL NEWS
"Rich prospects for Tehran-Tokyo economic ties"
Takekazu Kawamura, the Japanese Ambassador to Tehran on Wednesday said the Iran-Japan current trade volume was insufficient regarding their rich opportunities and prospects to promote relations, stressing that Tokyo is throwing extraordinary weight on the mobilization of a strong monetary market to support investment by Japanese companies in Iran.
-- ENTEKHAB
"State Organization of Carpet to be established by March"
Director-General of Iran Farsh (Carpet) Company Mohammad-Ali
Karimi has said that the Organization of Carpet will be established by
the end of the current Iranian calendar year (March 20, 2003),
stressing that the organization will facilitate policy-making in the
industry.
-- IRAN
"UK BAT, Iran Tobacco Co. sign deal to produce cigarettes"
Iran's Tobacco Company and the British American Tobacco (BAT) have
recently concluded a deal worth US dollars 30 million for the
production of "Montana" cigarettes in the Islamic Republic.
Iran Tobacco Company under the deal has agreed to prepare one of
its subsidiary plants for the production of Montana cigarettes, while
BAT is committed to provide expert work force, as well as the
necessary equipment and facilities to the effect.
-- IRAN DAILY
"Majlis rectifies aggregate tax bill"
Majlis has removed the ambiguities in the bill on aggregate taxes
which was sent back from the Guardians Council limiting the
authority of rural and city council to collect taxes and duties from
locals and specifying the tax rates on various professions.
-- IRAN NEWS
"Accidents, disasters damage at $10b"
Deputy Minister of Health Mohammad Mohammad Ismail Akbari said the
cost associated with natural disasters, and traffic accidents is
around US dollars 10 billion annually, stressing that there is a need
for change of behavior in society to remove those incidents that
threaten the health of the public.
-- KAYHAN INTERNATIONAL
"Export of textile, clothing up by 45 percent"
Government spokesman Abdollah Ramezanzadeh said here Wednesday,
based on the report released by the Ministry of Industries and Mines,
a 45 percent rise is observed in the export of textile and clothing
in the first eight months of the current Iranian year (started March
21).
-- SIASAT-E ROOZ
"Iran hopeful to attract large foreign credit in 2003"
Iran's Minister of Finance Tahmasb Mazaheri has said that Iran
hopes to attract four to five billion US dollars of direct foreign
credit over the next year in line with new laws that are meant to
improve the investment climate in the Islamic Republic.
-- TEHRAN TIMES
"Regional crises push up gold price in domestic market"
Head of Tehran Gold, Jewels and Coins Guilds Association Kourosh
Goharbin said here on Wednesday that regional crises and other
external factors have pushed up gold price across the nation, adding
that despite the absence of fluctuations in gold price in the past
week, a probable rise is quite likely in the event of a US attack on
Iraq.
AA/AR
End