Iranian MP: UAE has released $700m of Iran's frozen assets | World Defense

Iranian MP: UAE has released $700m of Iran's frozen assets

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Falcon29

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MP: UAE has released $700m of Iran’s frozen assets

“The Emirates has been getting away from Saudi Arabia and the U.S. … It has been trying to revisit its relations with Iran and has released $700 million of Iran’s frozen assets,” Akbar Torki said, according to IRNA.

The UAE’s currency relations with Iran have improved recently and Iranian currency exchange offices in Dubai have resumed activity, the MP added.
Torki said the Emiratis have realized that at this juncture, the Westerners and Saudis cannot provide them with security.

“The Emirates introduces itself as the Switzerland of the Middle East, but trade, banking, energy, and aviation of this country depends on security,” he argued. “It knows that it cannot do anything with a lack of security.”

The remarks came a week after President Hassan Rouhani said Iran’s relations with the United Arab Emirates has been improving.

During a press conference on October 14, Rouhani said there have been “some contacts between Iran and the United Arab Emirates in recent months and some Iranian officials have gone to the Emirates and some officials have also traveled to Iran and the Tehran-Emirates relations has been better in recent months than ever before.”
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Iranian press review: UAE releases Iran’s $700m - or did it?
Meanwhile, Rouhani disappoints supporters and opponents in call for referendum, and 90 Iranian pilgrims die in Iraq


Disappearing story of UAE's release of Iranian funds
Early this week, Iranian media outlets reported that the United Arab Emirates had released $700m in frozen Iranian funds to restore political and economic relations between the countries.

But the news soon disappeared from the Iranian Parliament’s website (ICANA) and also from Iran’s official news agency IRNA.

The only source for the report was the lawmaker Akbar Torki, who spoke to ICANA without elaborating about any deal between the two countries or a time frame for the funds to be released.


EXCLUSIVE: UAE’s secret mission to Iran
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“The UAE has distanced itself from the US and Saudi Arabia and has released $700m of Iran’s frozen funds to improve its relations with Iran,” Torki was quoted as telling ICANA in the interview that was later removed. “Iranian exchange offices in Dubai have also resumed their activities."

On Tuesday, the Iranian economic daily Jahan Sanat reported that the UAE had not released the funds, but didn't cite a source, saying only that no officials had confirmed the story.

The Emiratis have not commented on the story and despite reports of restored relations, a UAE delegation attended a US-backed security conference this week which focused on curbing Tehran’s reach in the Gulf.

Rouhani’s referendum call enrages full political spectrum
Iranian hardliners accused President Hassan Rouhani of mismanagement after a speech he gave at the University of Tehran calling for a referendum to overcome deadlocks on “strategic issues”.

Conservative dailies such as Javan and Kayhan wrote that Rouhani had renewed his call in order to cover up the corruption cases involving his inner circle, and his inability to solve the devastating economic crisis.

In reaction to the speech, some pro-reformist Iranians reminded the president that the country's political issues would not be solved with promises alone.

“It’s been a while since Rouhani has called for a referendum,” journalist Mostafa Danandeh tweeted. “Apparently, he has forgotten that he is the president and he expects us to hold the referendum.”

Prominent analyst and former political prisoner Ahmad Zeidabadi suggested that Rouhani knows that a referendum is not feasible, but uses it to mobilise supporters for February’s parliamentary elections.

However, he wrote on Telegram, while Iranians may agree with the referendum, they no longer "consider Rouhani a politician who is able to keep the promises that he has made".

Ninety Iranian pilgrims die in Iraq’s Arbaeen ceremony
Ninety Iranians who have travelled to Iraq to participate in this year's Arbaeen ceremony have died, according to the official numbers reported by Borna news agency.


At least 31 Shia pilgrims killed in stampede at Iraqi holy city of Karbala Read More »
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The pilgrims mark the 40th day of mourning for the martyrdom of Imam Hussein, the grandson of Prophet Muhammad and the third Shia imam, by walking 75km between Najaf and Karbala.

More than 3.5 million Iranians have made the trek to Iraq since 1 September for the annual commemoration. Among the causes of death reported among the pilgrims were car accident, heart failure and stroke.

In past years, Shia pilgrims were targeted by suicide attacks. However, this year’s most fatal incident took place in September when 31 people were killed in a stampede in Karbala.

Smugglers in Turkey make millions off Iranian fuel
Traffickers operating on the Iran-Turkey border make more than a $1 for each litre of petrol they smuggle from Iran into Turkey, reports ISNA news agency.

All kinds of fuel in Iran are heavily subsidised by the government, a policy that has turned the oil-rich country into one of the cheapest places in the world to buy petrol and diesel as well as a haven for fuel smugglers.

One litre of petrol in Iran costs around $0.09 and diesel is about $0.05 per litre while in Turkey, a litre of petrol is $1.23 and a litre of diesel is $1.12. In Afghanistan and Pakistan, prices are set seven times higher than those in Iran.

Since 2018, the Rouhani administration has attempted to increase fuel prices twice, but parliament and other government bodies have blocked the move over fears of renewed unrest in the country.

*The Iranian press review is a digest of reports that are not independently verified as accurate by Middle East Eye.

Iranian press review: UAE releases Iran’s $700m - or did it?
 

Khafee

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Iranian press review: UAE releases Iran’s $700m - or did it?
Disappearing story of UAE's release of Iranian funds

Early this week, Iranian media outlets reported that the United Arab Emirates had released $700m in frozen Iranian funds to restore political and economic relations between the countries.

But the news soon disappeared from the Iranian Parliament’s website (ICANA) and also from Iran’s official news agency IRNA.

The only source for the report was the lawmaker Akbar Torki, who spoke to ICANA without elaborating about any deal between the two countries or a time frame for the funds to be released.


Iranian press review: UAE releases Iran’s $700m - or did it?
Good catch! This is surprising coming from another Mullah mouthpiece.

Btw one needs half a brain, to ask how did Iran's $700m end up in the UAE. Why would they place it there, when they have a free hand in Turkey and Iraq?

Baseless news, which even they are refuting. Hence thread closed
 
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