Video: US Sanctions on Iran Affects Its Trade With UAE

Published August 13th, 2018 - 10:09 GMT
In 2017, exports and re-exports from the United Arab Emirates to Iran totalled $17 billion as most of that products passed through Dubai. (Shutterstock)
In 2017, exports and re-exports from the United Arab Emirates to Iran totalled $17 billion as most of that products passed through Dubai. (Shutterstock)

The latest US sanctions against Iran are forcing many Iranian businesses in the United Arab Emirates, which has recently become a trade hub of Iranian goods, to move to other countries like Turkey and Qatar.

Dubai, the largest and most populous city in the United Arab Emirates, UAE, has been a major hub for the Iranian goods.

In 2017, exports and re-exports from the United Arab Emirates to Iran totalled $17 billion as most of that products passed through Dubai.

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But some Iranians are moving their businesses to other countries as the trade between the UAE and Iran is slowing down thanks to the recent US sanctions.


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