Calls mount for waivers on Iranian sanctions - The National

The UAE last night joined a chorus of countries hoping to be exempt from US sanctions against Iran.

The calls came after the United States government granted a reprieve to Japan and 10 European Union countries on oil imports from Iran.

"Economically, there's a strong case for the UAE to be exempt," said Mohamed Al Lahouel, the chief economist at the Dubai Department of Economic Development. "The UAE has historic commercial ties with Iran, and if the sanctions slow down trade that will be affected."

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