"New economic sanctions imposed on Iran by the US will have a major impact on UAE businesses, experts say.
The rules, which came into effect on Monday, are wide-reaching and mainly target non-US companies. Anyone who breaks the sanctions risks severe penalties.
The measures most likely to affect the UAE are restrictions on banking transactions in Iranian rials and sales of gold to Iran. It is understood there is concern among UAE authorities about the possible repercussions for exchange houses and gold dealers."
'via Blog this'
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