UAE suspends trade and financial transactions with Iran
The UAE on Wednesday announced it was suspending all activities, trade exchanges and financial transactions with Iran. "The United Arab Emirates rejects all claims regarding the status of its economic relations with the Islamic Republic of Iran , while reaffirming its steadfast commitment to dialogue, co-operation and regional integration as essential means to enhance peace, stability, and…
The United Arab Emirates has announced it is suspending all trade, commercial exchanges and financial transactions with Iran, according to a statement by the Ministry of Foreign Affairs. Director of Strategic Communications Afra Al Hameli confirmed the suspension, stating that activities would be halted until further notice due to regional escalations that endanger regional and international peace and security.
Al Hameli emphasized the UAE's commitment to dialogue, cooperation and regional integration as essential for enhancing peace, stability and prosperity in the region. The UAE has been targeted by several attacks originating from Iran, including two ballistic missiles launched towards the country on Tuesday. As of now, at least a dozen people have been killed and over 200 injured in the conflict between the UAE and the US.
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