The UAE has suspended all trade ties with Iran amid regional tensions.
ABU DHABI – The United Arab Emirates has suspended all commercial, trade exchanges and financial transactions with Iran until further notice.
The decision comes amid regional tensions that the UAE says threaten regional and international peace and security.
Afra Al Hamili, director of the Strategic Communications Department at the Ministry of Foreign Affairs, rejected the claims about the current state of economic relations between the UAE and Iran.
According to the UAE’s official WAM news agency, Al Hamili reiterated the UAE’s support for dialogue, cooperation and regional integration, calling them key tools for advancing peace, stability and prosperity across the region.
Also, he said that all commercial and financial transactions with Iran have been suspended in response to the ongoing regional situation.
Al Hamili also stressed that the UAE is committed to maintaining the integrity of the international financial system and acting in accordance with international law and internationally recognized standards.
In a separate statement, the UAE Ministry of Defense said the two ballistic missiles discovered by the country had originated from Iran. According to the ministry, assessments show that the missiles were targeting maritime navigation before falling into the sea.
The Ministry of Defense said the UAE is prepared to deal with potential threats and will respond strongly to attempts to compromise the country’s security or the safety of maritime navigation in the region.
It said the UAE’s response would focus on safeguarding the country’s sovereignty, security and stability, while also protecting its national interests, assets and resources.
On the other hand, UAE has warned regional countries against possible false flag operations in the region.
The post UAE suspended all trade relations with Iran due to regional tensions appeared first on Daily Pakistan English News.
Stay updated with the latest alerts on this story:
View Original Coverage
