Monday 14 May 2012

Dubai feels only moderate impact from Iran sanctions - Yahoo! News UK

Dubai's economy has felt only a modest impact on trade from international sanctions against Iran so far, the head of the emirate's government advisory council said on Monday.
"It's still moderate in terms of trade but we are closely watching the number how it is affecting the near term and the long term as well," said Hani al-Hamli, secretary general of Dubai Economic Council.
"How much? I do not recall the numbers," he told reporters on the sidelines of a conference on financial restructuring and bankruptcy.

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