UAE: Four Iranian bank accounts frozen
Indicating its commitment to the sanctions imposed by the UN Security Council on Iran, the UAE Central Bank on Monday decided to freeze four Iranian bank accounts in the country. The recent Security Council resolution included a list of 41 bank accounts, which must be frozen in accordance with the sanctions imposed on Iran.
The Ittihad newspaper quoted an official source at the CBE as saying that only four bank accounts appeared in the list in the UN Security Council resolution were located in the banking sector of the UAE, while the other 37 accounts on the list are outside the country. The source conveyed the amounts which were frozen in these bank accounts were very limited, without specifying the value. The total number of bank accounts with banks operating in the UAE amount to about 5 million.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?