UAE’s new restrictions squeeze Iranians
Dubai’s trade with Iran helped the embattled emirate survive after its property bubble burst.
October 21, 2010 4:36 by kippreport
US pressure on authorities has prompted a crackdown in the United Arab Emirates, Iran’s largest trading partner and home to an estimated 400,000 Iranian expatriates.
Most UAE financial institutions are refusing to send or receive money from Iranian banks blacklisted by the US for allegedly supporting Iran’s nuclear program.
The UAE’s new restrictions on Iranian banks and corporations have crippled the financial operations of Iranian nationals.
Read more: Dubai cracking down on Iran trade; UAE gets tough on companies dealing with Iran.
More on Article
-
First report by Etisalat covering global footprint
-
Kuwait ministers reach out to bloggers and journalists
-
Consumer confidence in Dubai on the up
-
Tasweek: ‘Maintain and sustain’ real estate sector
-
The Arab youth have spoken
-
Easing Emiratisation
-
Yammine of Credit Suisse MidEast resigns
-
Walk this way
-
Top 10 Highest paid celebrities of 2012
-
The Daily Deal Dilemma
-
Top 5 Tallest Residential Towers in the World
-
In Pictures: London 2012 Olympic preparations
-
REFORM IN THE KINGDOM: Saudi Arabia pushes accelerator on reform
-
IN PICS
-
Saudi Arabia will enter women in London Olympics
-
vending machines
-
HORSING AROUND: The passion and big business that is horses in the UAE.
-
Ready for liftoff
-
SIGNS OF SLOWING ECONOMY DRIVE STANDARD & POOR’S DOWN
-
FISCALLY SPEAKING: Saudis Wouldn't Gain Much From A Union With Bahrain
Lately on Kipp
-
First report by Etisalat covering global footprint
-
Qatar Should Consider More Flexible Exchange Rate – Central Banker
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Yahoo on Tumblr: ‘we promise not to screw it up’
-
Sourcefire Delivers Unprecedented Visibility And Tracking Of Malware
