UAE halts all trade and financial dealings with Iran
The UAE Foreign Ministry has suspended all commercial and financial exchanges with Iran until further notice.
Key Takeaways
AIAfra Al Hameli, Director of Strategic Communications at the Ministry of Foreign Affairs, stated that the United Arab Emirates denies all claims regarding the status of its economic relationship with the Islamic Republic of Iran. She reaffirmed the UAE’s commitment to dialogue, cooperation, and regional integration as essential means to promote peace, stability, and prosperity in the region.
She explained that, in light of regional escalation undermining regional and international peace and security, all commercial activities, trade exchanges, and financial transactions with Iran have been suspended until further notice.
She emphasized that the UAE remains firmly committed to safeguarding the integrity of the international financial system, in accordance with international law and the highest global standards.