In Dubai, US sanctions pressure historic business ties with Iran
With its Persian restaurants and shop signs in Farsi, Murshid Bazaar, a dense maze of alleys in Dubai’s old quarter, has for decades been a center for small-scale trade with Iran./ FILE PHOTO: General view of Dubai, United Arab Emirates October 15, 2018. Picture taken October 15, 2018. REUTERS/Ahmed Jadallah/File Photo/ That is changing. One in every dozen or so shops in the once-bustling area is shuttered or carries a “for rent” sign. Indian and Pakistani merchants now far outnumber the Iranians who used to dominate the area. The Iranians ...
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