Wednesday 29 February 2012

UAE says U.S. targeted only one bank over Iran | Reuters

The United States has targeted only one bank in the United Arab Emirates (UAE), Noor Islamic Bank, over its business dealings with Iran, a UAE official said on Wednesday.

Asked whether the United States had complained about other UAE banks, Khalid al-Ghaith, UAE assistant foreign minister for economic affairs, told Reuters: "They were just talking about Noor Islamic Bank."

He added, "We are still working with the U.S. government and continue discussing to protect our bank sector and companies and continue this dialogue. This is what we are doing as a government."

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