Sunday, December 25, 2011

The UAE bankers admit increased caution about Iran businesses

A number of UAE-based banks told Gulf News yesterday they have stepped up caution on dealing with Iranian owned businesses and financing imports from and exports to that country in the context of new international sanctions. ?We strictly follow the Central Bank instructions on financing Iranian entities and businesses. But some institutions implement additional restrictions as a matter of caution,? said the treasury head of a leading local bank.

Some banks said they continue to fin-ance businesses owned by Iranians in the UAE
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Source: http://www.albawaba.com/bankers-admit-increased-caution-about-iran-businesses-406362

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