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FINANCIAL NEWS
Dubai to benefit the most upon Iran’s sanctions removal
03 Dec 2015
(MENAFN) As low oil prices are negatively impacting Gulf Arab economies, investors are betting that lifting sanctions on Iran will significantly boost Dubai’s overall performance in the region.
This bold projection caused the emirate’s debt to outperform the rest of the neighboring nations, thus it will quickly reclaim its traditional status as a hub for trade with Iran after sanctions’ elimination.
“Lifting sanctions against Iran is a point that Dubai will benefit most from as it has a history of close trade ties with Iran and should be the key beneficiary when Iran opens its market,” said a senior economist.
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