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Agthia H1 revenue hits AED 1.01bn

Abu Dhabi / Emirates Business Agthia Group PJSC, one of the UAE’s leading food and beverage groups, reported H1 2018 net profit of AED109 million on revenues of AED1.01 billion, representing 1 percent like-for-like revenue growth. Agthia’s like-for-like profit also increased by 6 percent, driven by the Group’s relentless focus on cost efficiencies and optimization to add value to its ...

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Trump restores Iran sanctions, draws flak from European allies

Bloomberg The first round of renewed US sanctions on Iran took effect as President Hassan Rouhani—under increasing economic and political pressure—spurned President Donald Trump’s suggestion for talks with “no preconditions.” Following an executive order signed by Trump, the US imposed new restrictions intended to stop the purchase of dollar banknotes by Iran, prevent the government from trading gold and other ...

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North Korea’s Pompeo problem exposes rift on denuclearisation talks

Bloomberg North Korea appears to have a Pompeo problem. The widening gulf between Secretary of State Michael Pompeo’s description of nuclear talks with North Korea and Pyongyang’s criticism of his efforts is adding further confusion to the status of negotiations intended to achieve the “complete denuclearisation of the Korean Peninsula.” North Korean officials and state media have in recent weeks ...

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