November 6, 2018 / 7:46 AM / 10 days ago

UAE does not expect material impact on economy from Iran sanctions: central bank governor

ABU DHABI (Reuters) - The United Arab Emirates does not expect a material impact on its economy from the United States’ latest sanctions on Iran, the UAE’s central bank governor said on Tuesday.

The two Iranian banks operating in the UAE have minimal operations dealing with Iranians in the UAE, the governor Mubarak Rashed al-Mansoori said at a conference in Abu Dhabi.

Reporting By Saeed Azhar and Stanley Carvalho; Writing by Tom Arnold

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