Kippreport gets the scoop from Neelesh Bhatnagar, CEO of Emax, and Nadeem Khanzadah, head of omnichannel retail at Jumbo GroupSeptember 2, 2015 5:24
Dubai cracking down on Iran trade
Historic trade between Iran and Dubai could face restrictions due to pressure from the US and Abu Dhabi over sanctions.
April 1, 2010 5:38 by kippreport
Widescreen TVs, air conditioning units, chemicals and US-brand freezers… Just some of the goods you can see being loaded onto dhow boats at Dubai Creek. Almost all of the shipments are bound for Iran.
But this $12 billion trade is under threat due to pressure from the US and Abu Dhabi, over sanctions against Iran concerning its nuclear program.
Dubai’s authorities are cracking down on Iran’s ability to bypass sanctions, says this video report by Al Jazeera English.
The days of the lax customs regulation at Dubai Creek – where there are no X-ray machines to monitor shipments – could be numbered.