Business
UAE: Iranian capital flight to Dubai continues
Tehran, 1 Oct. (AKI) - Iranian capital is continuing to pour into the United Arab Emirates, especially the wealthy emirate of Dubai, Iranian economic daily Donyaye Eghtesad reports.
Iranian investments in the UAE have surpassed 300 billion dollars, Donyaye Eghtesad said.
The continuing capital flight from Iran to the UAE is causing unemployment rates to rise in the Islamic Republic, the paper reported.
A total 200 companies employing over 100 people shut down between 21 March and 21 September, according to the daily.
Iranian investments in the UAE have surpassed 300 billion dollars, Donyaye Eghtesad said.
The continuing capital flight from Iran to the UAE is causing unemployment rates to rise in the Islamic Republic, the paper reported.
A total 200 companies employing over 100 people shut down between 21 March and 21 September, according to the daily.
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