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FINANCIAL NEWS
Trade between Dubai and Iran shrank 31 pct in 2012
15 Sep 2013
(MenaFn) Dubai customs authority said that trade between Dubai and Iran shrank by a third last year, mentioning that the US financial sanctions have affected the Iranian and the world’s business, according to Arabian Business.
Dubai is considered a major hub for Iran and a major channel for goods and imports.
The two-way trade between Dubai and Iran 31 percent decline of USD6.8 billion in 2012, compared to USD9.8 billion in 2011, stated the Director General of Dubai Customs, Ahmed Butti Ahmed.
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