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Dubai’s Iran ties 3, April 2010

Posted by thegulfblog.com in Iran, The Emirates.
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Time Magazine has a good article discussing Dubai’s well-known Iranian links. These are no secret and this is no scoop, but they are presented in a straight-forward and interesting way. Some key points:

– Dubai is a key center for re-exporting both to and from Iran

– Dubai-Iran trade worth $12 billion last year

– 400,000 Iranians live in Dubai

– 8000 Iranian companies are registered in Dubai

– 2 Iranian banks in Dubai – Bank Melli iran and Bank Saderat Iran – are under investigation for funding Iran’s nuclear programme

– Recently, Dubai officials have discovered US aircraft parts destined for Iran’s military and US counterparts foiled the sale of US attack helicopters to Iran via Dubai based export companies

Only a small portion of shipments are checked, and officials rely on the honesty of shipping brokers in filling out manifests.