1. UAE suspends all trade, financial dealings with Iran after the missile incident

UAE suspends all trade, financial dealings with Iran after the missile incident

World

  • On August 18, the UAE halted all trade, commercial exchanges and financial transactions with Iran until further notice.
  • The move followed regional escalation after the UAE detected two ballistic missiles launched from Iran.
  • One missile fell inside UAE territorial waters and the other outside, while authorities briefly issued safety alerts.
  • The suspension was reported on August 19, with the UAE saying dealings with Iran would remain halted until further notice.

Source: ndtv.com

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