Tuesday 24 December 2013

In sending goods to Iran, Dubai weighs competing interests - The Washington Post

In sending goods to Iran, Dubai weighs competing interests - The Washington Post:

"After suffering steep declines in trade starting in 2012, seaborne transfer of goods between Iran and Dubai is picking up again, highlighting the U.A.E.’s delicate balancing act in maintaining important commercial ties and satisfying its Western allies.

A combination of economic factors in Iran — attributed to tough international sanctions over its contested nuclear activities — resulted in a decrease in trade with the U.A.E. from $24 billion in 2011 to $15 billion last year, threatening the livelihood of thousands of Iranian sailors."

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