UAE Suspends All Trade and Financial Transactions with Iran Indefinitely

The United Arab Emirates has implemented an immediate and indefinite suspension of all trade, commercial exchanges, and financial transactions with Iran. The directive, issued by the Ministry of Foreign Affairs (MoFA), is a response to escalating regional tensions that are deemed a threat to regional and international peace and security.

Afra Al Hameli, Director of the Strategic Communications Department at the UAE Ministry of Foreign Affairs, confirmed the suspension. She clarified that the move aims to protect international financial integrity and ensure regional stability, while rejecting any prior allegations regarding the status of economic relations between the two countries.

Commitment to International Standards

Al Hameli reaffirmed the UAE's steadfast commitment to safeguarding the integrity of the international financial system. This involves adhering to international law and global standards, reinforcing the nation's role in promoting financial stability across the region and internationally. The measures will remain in effect until further notice, underscoring the serious nature of the current regional security concerns.

Despite the suspension, the UAE maintains its commitment to dialogue, cooperation, and regional integration as crucial elements for fostering peace, stability, and prosperity in the wider region.