Dubai best placed to take advantage of Iran nuke deal: The Economist

Dubai best placed to take advantage of Iran nuke deal: The Economist
Shoppers at Deira City Centre

Dubai excels in three key sectors of Iran crippled by the sanctions - finance, airports and shipping.



Published: Mon 27 Jul 2015, 12:00 AM

Last updated: Tue 28 Jul 2015, 8:30 AM

The Economist has called Dubai 'the nuclear deal's other winner'. The emirate is home to nearly 10,000 Iranian businesses and many of the 400,000 UAE-based Iranians live in Dubai. UAE is Iran's second largest trading partner after China and its exports far outweigh imports from the country, says the newspaper. Dubai excels in three key sectors of Iran crippled by the sanctions - finance, airports and shipping.
Dubai can be for Iran, what Hong Kong was to mainland China, it says.
Read The Economist story here


More news from WORLD