Wednesday 7 January 2015

End of Iran sanctions to benefit UAE | GulfNews.com

End of Iran sanctions to benefit UAE | GulfNews.com:



"The entry of Iran in world oil markets would be negative, while trade between the UAE and Iran would increase if sanctions on the country over its nuclear programme are removed, analysts and experts said.



Iran is holding negotiations with a group of P5+1 countries including Britain, China, France, Russia and the US plus Germany to end decades long blockade on its business. The countries are likely to reach a comprehensive agreement in the next six months.



Iranian president Hassan Rouhani also indicated on Sunday that the country’s isolation from the world economy could soon come to end."



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