All tagged industry

Iran's Rouhani Says Workers 'On Front Line' Against US

◢ President Hassan Rouhani called on Iranian workers Tuesday to boost non-oil exports and import substitution, telling them they were "on the front line" against America and its tightening sanctions. Addressing workers in a south Tehran sports complex on the eve of May Day, Rouhani said that boosting Iran's manufacturing output was vital to shore up the value of the rial.

Iran's Industry and Roads Ministers Resign

◢ Iran's President Hassan Rouhani has accepted the resignation of the embattled ministers of industry and roads, a statement on the presidential website said Saturday. The president thanked industry minister Mohammad Shariatmadari and roads minister Abbas Akhoundi's "selfless service" and "sincere efforts" during their tenures and appointed two acting ministers.

European Losers in New Iranian Sanctions Game

◢ US President Donald Trump's decision to pull the United States out of the 2015 nuclear accord with Iran and reimpose a raft of sanctions will hit European businesses working in Iran. Here is an overview of how firms stand to be affected when the sanctions kick in Monday.

French Carmaker PSA Says to Exit Iran Over US Sanction Risk

◢ France's PSA said Monday that it would pull out of two joint ventures to sell its cars in Iran to avoid the risk of US sanctions after Washington decided to withdraw from a key nuclear deal with Tehran. "The group has begun to suspend its joint venture activities, in order to comply with US law by August 6, 2018," the automaker said in a statement.