TechET Techabout 2 hours ago
UAE Bans Iran's Bank Melli Operations
4 min read
The UAE central bank has prohibited Iran's Bank Melli from conducting operations in the country, following the UAE's suspension of trade and financial transactions with Iran in August. Bank Melli, established in 1969, operates seven branches across various emirates, with its main office in Dubai. The move reflects heightened financial restrictions despite the UAE's historical role as an economic partner for Iran.
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