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MidWeek Roundup: Dubai-Iran Relations Strained By Sanctions, Kazakhstan’s President Allegedly Investigated for Money Laundering, and More
printBusiness ties between Dubai and Iran have been strained by U.S. sanctions against the Iranian central bank, Reuters reported Wednesday. Iranian merchants engaged in trade with Dubai are being denied letters of credit and payment processing by banks, the news service reported, adding that Iran is expected to increase its use of the hawala system and may also make Turkey its new re-export hub. More Kazakhstan's President Nursultan Nazarbaev is allegedly under investigation in Switzerland for laundering $100 million, SwissInfo said Monday. The money is believed to be tied to satellite television group Khabar Agency and is sitting in a...
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