01 November 2019

 

Predictions

  • Reports of unfreezing of Iranian funds unlikely to be credible, but Abu Dhabi will continue outreach to Tehran to try to limit tensions
  • Abu Dhabi’s desire to avoid breaching US sanctions ensures…
  • UAE’s continued foreign policy alignment with Washington and Riyadh will sustain risk of…

 

Analysis

Iranian media on 20 October reported a statement by Iranian MP Akbar Torki saying that the UAE had released USD 700 million of frozen funds to Tehran. Torki also said that the UAE had been distancing itself from Saudi Arabia and the US in realisation that they would not be able to provide the security the UAE needs to safeguard its economic prosperity. The report was later removed from media sites, and an Iranian newspaper has denied the credibility of the reports. The UAE authorities have not commented on the news.

Regional tensions have increased following the US decision in May to end sanction waivers allowing continued imports of Iranian

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