Tuesday, 15 October 2013

Iran-US thaw could prove a bonanza for UAE | GulfNews.com

Iran-US thaw could prove a bonanza for UAE | GulfNews.com:

"A successful 2020 Expo would be the best thing that can happen to Dubai. And by all indications so far, it is a foregone conclusion.
The next best thing for Dubai would be the re-establishment of fully-fledged trade between Dubai and Iran, always a prime driver of Dubai’s trading hub status. Going by the thaw in Iran’s relations with the western world in the wake of President Rouhani’s and President Obama’s outreach towards each other, even this has become a clear possibility.
Both scenarios are a tantalising prospect for Dubai’s businessmen and the country’s economy as a whole. Trade with Iran has been a major plank of Dubai’s success as a trading hub."

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