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Old April 29th, 2017, 11:56 AM   #1741
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Iran’s Foreign Trade Booming
Iran’s trade with Europe stood at €1.5 billion ($1.6 billion) in January 2017, registering a staggering 171% increase year-on-year

Iran's foreign trade has witnessed a growing trend since President Hassan Rouhani took office in August 2013.

During the Rouhani administration, Iran's non-oil trade balance turned positive for the first time in 62 years, meaning the rate of exports exceeded that of imports, the Persian daily Iran reported.

Iran’s non-oil foreign trade stood at $87 billion in the last Iranian fiscal year (ended March 20, 2017).

The latest data released by the Islamic Republic of Iran Customs Administration show that Iran exported 129.648 million tons of non-oil commodities worth $43.93 billion over the year, registering a 3.58% growth in value of exports compared to the preceding year.

Gas condensate was the main exported commodity, comprising $7.32 billion of the export value. It was followed by light oil, excluding gasoline ($2.49 billion), liquefied natural gases ($2.79 billion), liquefied propane ($1.222 billion) and petroleum gases and liquefied hydrocarbons ($1.204 billion).

Iran imported $43.684 billion worth of goods during the same period, marking a 5.16% growth. Field corn, soybean, cars, auto parts and rice were Iran’s main imports in the last Iranian year.

Iran's trade with Europe stood at €1.5 billion ($1.6 billion) in January 2017, registering a staggering 171% increase year-on-year.

European imports from Iran show a 6.5% rise in that month, compared with last year's corresponding period. Spain imported €115 million ($125.2 million) worth of goods, indicating a 7-fold rise YOY.

France's imports saw a 37-fold increase, reaching €111 million ($120.9 million). Imports from Greece, Italy and the Netherlands saw a 42, 8.5 and 17-fold growth to €106 million ($115.4 million), €257 million ($279.9 million) and €83 million ($90.4 million) respectively.

The total amount of EU exports reached €783 million ($853 million) in January, up 73% compared with the corresponding period of the year before during which EU exported €452 million ($492.4 million) worth of goods to Iran. Germany saw a 31% rise to €203 million ($221.1 million) in exports to Iran. Belgium exported €48 million ($52.2 million) worth of commodities while Spain exported €38 million ($41.4 million) and France €147 million ($160.1 million), respectively indicating a 2, 3 and 3.5-fold growth.

Iran's exports to Africa, more specifically to a group of 30 African countries, experienced a year-on-year increase of 100% in the last Iranian year (March 2016-17), according to the Arab-African States Department of Iran Trade Promotion Organization.

Iran's major exported commodities to Africa include pastry, chocolate, industrial oils, petrochemicals, asphalt and building construction materials.

Last year's Iranian exports in the mining sector exceeded $7 billion, with steel companies having exported a record high of 6.6 million tons of steel products.

Over 57 million tons of mineral products, including steel products, copper, aluminum, cement, lead, zinc, metal and precious rocks, coal and coke, worth over $7 billion were shipped overseas last year, registering a 38% and 17% growth in weight and value respectively, the Iranian Mines and Mining Industries Development and Renovation Organization announced.

Exports in this sector constituted 44% of the total volume and 16% of the total value of Iran's foreign trade during the period.

Some 5.8 million tons of mineral products worth $3.7 million were imported into the country last year, down 26% and 17% in tonnage and value respectively.

https://financialtribune.com/article...-trade-booming
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Old April 30th, 2017, 02:35 PM   #1742
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Iran Doing Business Ranking Improves

Iran's ranking has improved across several indices in World Bank Doing Business reports in recent years because the country has increased its data-sharing with the bank, which had previously been flawed, announced the research arm of the parliament.

"A review of WB reports during 2014-17 indicates that during this period, only three improvements have been registered for Iran in the Doing Business reports, with the main reason behind the ranking upgrade being the correction of data provided by Iran," Majlis Research Center was cited as reporting by Banker.ir.

WB's Doing Business 2017 for the Middle East and North Africa, published days ago, said Iran has made exporting and importing easier by expanding the services offered by the national single window, acknowledging the fact that the country has taken strides to improve its status when it comes to "trading across borders".

The research center said as per the request of the parliament, it conducted an investigation in 2014, which showed that 70-80 lawyers, judges, attorneys, engineers and traders trusted by the WB to provide them with information about Iran's business climate had made drastic mistakes in completing WB's questionnaires across all 10 sectors.

When confronted, they admitted to their mistakes, notes the parliamentary entity, adding that "if correct information was sent to the WB, Iran's ranking should have been around 80 instead of 152" at the time.

It further said Iran's improved rankings in the years leading to the latest report in 2017 have been "because of corrected information and not a real improvement in the state of doing business in the country".

The research center points out that Iran's ranking in ease of doing business has declined from 117 to 120, calling it the result of a "relative worsening" of Iran's condition that calls for meaningful reforms in this area.

https://financialtribune.com/article...nking-improves
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Old October 9th, 2017, 03:30 AM   #1743
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Russian Ride-Hailing App to Enter Iran


Quote:
Russian ride-hailing service Maxim is set to enter the Iranian market, a company representative Pavel Stennikov announced.

Stennikov says the company has already received permits from Tehran authorities, Russian news service RBC reported.

“The ride-hailing service will be launched in Tehran in autumn and the company will start operations in other Iranian cities soon after.”

Maxim has launched a Persian website and added Persian to its application’s language options. The app is available for download on Google Play Store and Apple’s App Store. Furthermore, on its official website, the company has listed Tehran as one of the cities where it is operating.

The section on Maxim’s website through which drivers can enroll with the service is still under construction.

The Russian business is yet to disclose how much it will invest in Iran. In addition to the home base, Maxim operates in Belarus, Georgia, Kazakhstan, Tajikistan, Ukraine, and Bulgaria.

Mixed Reception

Maxim’s move into Iran has received a mixed reception from market observers and professionals in the sector.

Alexander Kostikov, Uber’s head of communications in Russia believes that Maxim’s entry into Iran is aimed at promoting the company’s image.

Kostikov says that so far none of the major ride-hailing services has managed to establish a successful business by entering markets in developing countries.

On the other hand the CEO of inDriver — another Russian online taxi service — Arsen Tomsky says “Iran is a huge, accessible market with 80 million potential customers.” However, he adds that investment risk is excessively high in the country.

Co-founder and managing director of Russian investment firm Inventure Partners, Anton Inshutin says, “Due to the US sanctions applications of Iran’s major ride-hailing services Snapp and Tap30 have been removed from Apple’s App Store. Maxim is available on the iOS application market. This can provide the company a competitive advantage.”

He adds, “However, Apple iDevices have a meager share of 11% in Iran’s smartphone market.” According to estimates, 6 million Iranians have an iPhone.

Inshutin is of the opinion that “The local ride-hailing services are household names in Iran and the market is very competitive.”

It needs mention that for countering the unprofessional move by Apple, local developers and technology-based businesses have started uploading their applications on alternative iOS app markets en masse.

The locally established application markets like Nassaab and SibApp provide Iranians access to the apps that have been removed from App Store. Therefore, the “competitive advantage” that Inshutin refers to may not work as effectively as the Russian businessman says.

Tough Job Ahead

Since their introduction some four years ago, Iran’s ride-hailing businesses have always been in the limelight and the two main companies Snapp and Tap30 have attracted local and foreign investment.

Snapp, the leading Iranian ride-hailing startup, has recently received almost 900 billion rials ($24 million) in investments from MTN — South African mobile operator which is present in Iran under the brand name MTN-Irancell.

Last week, local media reported that Bank Melli Iran, owned by the government and the largest commercial bank in the country, has bought a 25% stake in TAP30 for 800 billion rials ($20 million). Tap30 is the second ride-hailing service after Snapp.

In light of the fact that local ride-hailing services have a well-established foothold in the market, Maxim will likely have a tough job to assert itself and show that it also is in the game.

The newcomer from Russia will also have to contend with the added challenges from traditional taxi companies that already are at war with their ride-hailing rivals and have often accused them of trying to “pilfer” their business and push the oldies into insolvency with their highly-discounted fares.

Taxi unions and their patrons have tried several tactics to get rid of the ride-hailers over the past several months and have also threatened to take them to court, albeit without much success. Independent observers and even government authorities say the taxi industry would do better to prepare itself for more challenges because “these ride-hailing companies are here to stay.”
https://financialtribune.com/article...-to-enter-iran
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Old October 13th, 2017, 03:59 PM   #1744
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Quote:
Originally Posted by iranii View Post
Russian Ride-Hailing App to Enter Iran




https://financialtribune.com/article...-to-enter-iran
Why the hell is such a app getting so much publicity when we have at least 5 decent ride sharing apps already in Iran produced by Iranian companies and staff.

Idiots who just love anything as long as it isn't Iranian.
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Old October 14th, 2017, 12:33 AM   #1745
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relAX
competition is good
i wont drive with an iranan taxi company if it is more expensive and has less quality

so let them face hard competion that will help iranians
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Old October 18th, 2017, 05:28 PM   #1746
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Quote:
Originally Posted by SoldierT View Post
relAX
competition is good
i wont drive with an iranan taxi company if it is more expensive and has less quality

so let them face hard competion that will help iranians
Of course competition is good, but this is an app that hails taxis... not an actual taxi company.
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Old October 19th, 2017, 01:34 AM   #1747
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i think snapp is the best thing in iran, another similar iranian app is on the rise
i dont see this russian app beating snapp,
even if they do, since snapp is run by normal, creative iranians, they will come up with a way to make it better and win the battle

it is time for iranians to show that they can compete
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Old October 19th, 2017, 10:31 AM   #1748
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Quote:
Originally Posted by SoroushPersepolisi View Post
i think snapp is the best thing in iran, another similar iranian app is on the rise
i dont see this russian app beating snapp,
even if they do, since snapp is run by normal, creative iranians, they will come up with a way to make it better and win the battle

it is time for iranians to show that they can compete
But snapp was removed by apple and google stores...
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Old November 4th, 2017, 03:00 AM   #1749
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one has to wonder what kind of a nation iran is.

https://financialtribune.com/article...apple-iphone-x
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Old November 4th, 2017, 11:29 AM   #1750
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Quote:
Originally Posted by Pirouz View Post
one has to wonder what kind of a nation iran is.

https://financialtribune.com/article...apple-iphone-x
What are you on about?! Have you read the article at all? Which bit is pinching your credulity now?
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Old November 4th, 2017, 07:50 PM   #1751
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Germany Opens Commercial Center in Tehran



G ermany’s Commercial Center affiliated with Iran-Germany Chamber of Commerce opened in Tehran on Thursday.

According to chairman of the joint chamber, Omid Yaraqi, the center will provide a host of services to businesspeople from both sides, ICCIMA reported.

“Foreign companies willing to enter a market in another country need to study that market beforehand. This center will help German companies conduct the relevant research on the Iranian market,” he said.

“The center will also assist representatives of German universities who are willing to cooperate with Iranian scientific centers in finding a suitable partner and provide services for student exchanges between the two countries.”

Yaraqi noted that German experts will hold educational seminars in the field of industry for Iranian economic players and industrialists at the center. Iran-Germany Chamber of Commerce was launched over 40 years ago in Tehran.

https://financialtribune.com/article...nter-in-tehran
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