Tuesday, 21 January 2014

Dubai eager to capitalise on Iran opening - FT.com

Dubai eager to capitalise on Iran opening - FT.com:



"The many daily flights between Dubai and Tehran are always busy. But these days the Iranians heading home after business and shopping trips are increasingly joined by briefcase-toting western and Asian passengers.



They are part of a new wave of foreign investors eager to investigate business opportunities in post-sanctions Iran, a potentially lucrative trade that Dubai, the commercial hub of the United Arab Emirates, is eager to capitalise on.



Last week, Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum called for sanctions to be lifted on the Islamic republic. “I think we need to give Iran space, Iran is our neighbour and we don’t want any problem,” he told the BBC in an interview. “If they agree peace with the Americans and the Americans lift sanctions, then everyone will benefit.”"



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