Iran Nuclear NewsUAE applies tougher measures on Iran trade

UAE applies tougher measures on Iran trade


AFP: Iranian firms in the United Arab Emirates are increasingly coming under tougher measures in line with UN sanctions against Tehran over its nuclear drive, a senior Iranian businessman said on Tuesday.

DUBAI (AFP) — Iranian firms in the United Arab Emirates are increasingly coming under tougher measures in line with UN sanctions against Tehran over its nuclear drive, a senior Iranian businessman said on Tuesday.

“We are observing a very strict application of the UN sanctions against Iran,” Morteza Masoumzadeh, vice-president of the Iranian Business Council in Dubai, told AFP.

Masoumzadeh said the implementation of sanctions started about two years ago but have “become tougher in the past couple of months especially at Dubai ports.”

“All containers that arrive to the UAE for Iranian traders and which are normally sent to Iran by smaller vessels, have now to be unloaded and put into new containers, which cost the traders 1,000 extra dollars per container,” he said.

On June 9, the UN Security Council slapped a fourth round of sanctions on Iran over its controversial nuclear drive, this time tightening the noose on military and financial transactions.

The resolution bans the sale to Iran of eight new types of heavy weapons and applies new restrictions on Iranian investments abroad.

For years, Iran maintained active trade relations with Dubai, one of seven emirates making up the UAE, with the trade volume estimated at about 10 billion dollars a year, mostly of Iranian imports.

Masoumzadeh said newly arriving Iranian merchants are facing several restrictions as many of them are denied a license to operate while others have to undergo tougher procedures.

These measures “will affect the overall trade relations between the UAE and Iran,” estimated to have dropped to seven billion dollars last year from about 10 billion dollars previously, he said.

The “UAE is no longer Iran’s first trade partner as it has slipped to the third place,” Masoumzadeh said.

The Dubai-based Gulf News daily on Monday quoted an unnamed UAE official as saying the Gulf state has closed down 40 international and local firms as part of a crackdown on companies that violate UN sanctions on Iran.

These companies have been dealing in “dual-use and dangerous materials banned under UN resolutions and the nuclear non-proliferation treaty,” the official said.

Masoumzadeh however said he was unaware of any closures among the 1,000 companies that come under the Iranian Business Council.

“There are 8,000 Iranian companies in the UAE out of which nearly 1,000 are members of the IBC. However, none of the alleged 40 Iranian companies that they were shut down were members of the IBC,” he said.

“I have no information about any of those companies that has been closed.”

Latest news

Iranian regime threatens Middle East with “hypersonic” missiles

The Iranian regime’s Islamic Revolutionary Guard Corps (IRGC) on Tuesday unveiled a hypersonic missile. Hypersonic is a type of...

The Iranian regime lacks nuclear transparency

Iran has not acted as expected in terms of transparency regarding its nuclear program, said the head of the...

Iran has sold $1 million in ammo to Russia

The Iranian regime has sold ammunition to Russia worth more than one million dollars in the ongoing conflict in...

Forecasting a “difficult year” for Iran

The official website of the Iranian regime’s presidency was taken over by Iranian dissidents in a significant security breach...

US Sanctions IRGC’s Foreign Terrorism, Intel Unit Chief

The US government has imposed sanctions targeting the Chief of the Intelligence Unit of Iran’s Islamic Revolutionary Guard Corps...

Iran’s Fruit Production: Exports High, Consumption Low, Prices Soar

Iran's diverse climate, topography, and altitude give rise to a wide variety of fruits, ranging from tropical dates to...

Must read

Total says still in talks with Iran on Pars LNG

Reuters: Oil major Total is still in negotiation with...

Iran proposal joins jockeying before nuclear talks

AP: Iran is signaling a possible compromise offer heading...

You might also likeRELATED
Recommended to you