82434
Qatar, Oman Becoming Iran's New Trade Gateways
Qatar, Oman Becoming Iran's New Trade Gateways
Sunday, February 25, 2018

Qatar, Oman Becoming Iran's New Trade Gateways

The UAE acted as Iran’s unofficial backdoor over the years Iran was under international sanctions because of its nuclear program, while distribution and supply chain channels are already carved out in these markets
Sunday, February 25, 2018

Qatar, Oman Becoming Iran's New Trade Gateways

Web and Social Media

Iran is working to curb its trade ties with the UAE, replacing its traditional hub for trade activities, Dubai, with Doha in Qatar and Muscat in Oman. 
The measure has been pursued for a long time now, but the recent tensions in political relations between Iran and the UAE, along with the Persian Gulf state’s pressure on Iranian traders, mostly over value-added tax, visa issuance and banking restrictions, have made Iranian officials to pursue the plan more seriously. 
Earlier this month, the Central Bank of Iran’s deputy for international affairs referred to several obstacles created by Emirati banks for Iranian merchants, saying Iran is seeking other alternatives in the Persian Gulf region to replace the UAE in its banking transactions with Iran.
"The political stance espoused by the UAE is in opposition to Iran and bilateral relations are currently at a low ebb," Hossein Yaqoubi was also quoted as saying. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/qDNvVX
02/25/2018
  1. https://goo.gl/zd3bAZ
  • https://goo.gl/QnfTps
  • https://goo.gl/kXV396
  • https://goo.gl/WSxmnY
  • https://goo.gl/PTtbJ2

You can also read ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Watermelon Exports  Exceed $100m
Iran exported 569,974 tons of watermelon worth $106.42 million...

Add new comment

Trending

Googleplus