EghtesadOnline: Saudi and Emirati officials are signaling rapprochement with Iran because they want to limit the scope of their confrontation with Iran to the political field, says a former diplomat, who maintains that Iran's response could determine the future of ties.
EghtesadOnline: Iran should seize the opportunity provided by the toned-down rhetoric from Saudi and Emirati officials to mend strained bilateral relations, says a political analyst, who believes that the interests of Persian Gulf states lie in lasting peace and security in the region.
EghtesadOnline: The new approach adopted by Iranian and Emirati authorities toward deescalating tensions and protecting regional security could help improve trade between the two neighboring countries in the current fiscal year (2019-20) compared with last year.
EghtesadOnline: UAE Minister of State for Foreign Affairs Anwar Gargash said the UAE and Saudi Arabia prefer a political approach to their problems with Iran.
EghtesadOnline: Iran should welcome détente with regional countries, including Saudi Arabia and the UAE, because such an attitude would give the country the upper hand amid tensions with the United States, a senior lawmaker said.
EghtesadOnline: An oil tanker damaged in a bombing off the UAE port of Fujairah in May is back in business. The ship’s first destination: Iran.
EghtesadOnline: Iran on Monday expressed concerns over incidents involving ships off the coast of the UAE and called for vigilance against any plot to destabilize the region.
EghtesadOnline: After previously limiting foreign exchange transactions in the United Arab Emirates, the Central Bank of Iran has reportedly reactivated the remaining channels there to help increase hard currency supply inside the country.
EghtesadOnline: The UAE has ordered brokers and other financial institutions to identify and freeze the assets of nine individuals and businesses accused of funding Iran’s Islamic Revolutionary Guards Corps.
EghtesadOnline: Iran exported 7000 tons of car spare parts, worth $32 million, to Afghanistan, the UAE and France over the first four months of the year, (started on March 20, 2016).