Iranian imports to Dubai continue despite UAE’s wartime ban on trade with Tehran
Wholesalers say they are still sourcing Iranian goods through Omani ports, following the United Arab Emirates' formal suspension of economic ties with the Islamic Republic. The post Iranian imports to Dubai continue despite UAE’s wartime ban on trade with Tehran appeared first on The Times of Israel .
Old Dubai remains a hub for Iranian merchants who believe trade ties forged over decades will not be broken despite the ongoing war. Morteza Asaadi, a grocer whose family has been in business since 1963, notes that traditional Iranian products are still plentiful, though prices have risen. Wholesalers continue to source from Iran via Omani ports, though they cannot export from Dubai anymore.
Dubai houses a large Iranian community, estimated at several hundred thousand, which has contributed to the city's economic growth. The UAE was the primary entry point for goods into Iran, accounting for over 30% of imports in 2024. Despite Washington's sanctions, Dubai remains an important financial center for Iranian businesses, even as the US has sanctioned Iran's trading partners.
While the UAE has suspended relations with Iran to pressure Tehran into negotiations, the informal trade between private actors may persist. Dubai's Emirati businessman and former senior official, Nasser al-Shaikh, acknowledges that Iran's importance to the emirate's economy has diminished over time, but stresses that national security takes precedence in times of war.
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- Iran's economic ties to Dubai hard to break despite war brecorder.com
- Iran's economic ties to Dubai hard to break despite war al-monitor.com