dirhams & dollars

Iran sanctions, oil prices, & huge investments by Adnoc

LISTEN: Latest episode of Dirhams & Dollars podcast

Sarah Diaa, Staff Reporter
23:14 May 13, 2018

With Ramadan approaching, it’s not a busy week for news on the local front. Internationally, the biggest headline of the week surely is US President Donald Trump’s announcement about plans to withdraw the US from the Iran nuclear deal.

The Business team discusses the implications of that, with effects already starting to show in oil prices.

The deal also hurts any US businesses operating in Iran, so what happens from here?

In UAE news, the team discusses the mega investment just announced by Adnoc of $45 billion into the largest refinery complex. Listen to hear all about it.