All trade, commercial exchange and financial transactions with Iran have been halted until further notice
By Bernard Moerdler,
All trade, commercial exchange and financial transactions with Iran have been halted until further notice, the Director of the Strategic Communications Department at the Emirati Ministry of Foreign Affairs, Afra Al Hameli, said moments ago, citing regional escalations that undermine regional and international peace and security.
Al Hameli rejected all allegations regarding the status of the economic relationship between the United Arab Emirates and Iran, and said the Emirates remains committed to safeguarding the integrity of the international financial system in line with international law. She reiterated the country's commitment to dialogue, cooperation and regional integration as means of advancing peace, stability and prosperity in the region.
The announcement follows the Emirati Ministry of Defence statement that two ballistic missiles detected over the country this evening originated from Iran, targeted maritime navigation and fell into the sea, as we reported earlier.
The Emirates has long been one of Iran's most important trading partners, with Dubai serving as a re-export hub for goods moving into the Iranian market.
Topics: Iran
Reported by Bernard Moerdler for Bernie News Network. See our editorial standards and corrections policy.