Business

EU and Iran to set up new mechanism to counter US sanctions

By The Frontier Post | September 26, 2018

Monitoring Desk NEW YORK: In a major snub to the United States, the European Union has decided to set up a new mechanism to enable legal trade with Iran without encountering US sanctions. The EU will create new payment channels to preserve oil and other business deals with Iran, Federica Mogherini, the bloc’s foreign policy […]

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US-China trade war to hit profits, warns BMW

By The Frontier Post | September 26, 2018

Monitoring Desk FRANKFURT: BMW warned on Tuesday that 2018 earnings, margins and profits would all be lower than previously thought, as the German carmaker battles both rising costs and trade headwinds. The group cited a number of factors, including costs to implement new emissions standards known as WLTP, which has led to “significant supply distortions […]

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Air Arabia set to launch new route to Afghan capital

By The Frontier Post | September 26, 2018

Monitoring Desk SHARJAH: Sharjah low-cost carrier will operate flights four times a week to the Afghan capital from October 4. UAE low-cost carrier Air Arabia will launch a new flight to Kabul, the capital city of Afghanistan from next month. The Sharjah-based airline will operate a flight four times a week from its base, starting […]

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