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Iran's BMI, UAE Central Bank to expand ties

Business Materials 22 December 2014 16:08 (UTC +04:00)
Bank Melli of Iran and the Central Bank of the United Arab Emirates (UAE) have agreed to boost bilateral ties.
Iran's BMI, UAE Central Bank to expand ties

Tehran, Iran, Dec. 22
By Milad Fashtami - Trend:

Bank Melli of Iran and the Central Bank of the United Arab Emirates (UAE) have agreed to boost bilateral ties.

The agreement was reached during a meeting between the Managing Director of BMI Abdolnaser Hemmati and UAE Central Bank Governor Mubarak Al Mansouri in Abu Dhabi, Iran's Fars news agency reported on Dec. 22.

During the meeting, Al Mansouri said that the UAE Central Bank will help BMI to widen the activities of its branches in UAE.

BMI has seven branches in different cities across UAE.

Hemmati, for his part, said that despite international sanctions on Iran's banking sector over its nuclear program, BMI has managed to provide significant services to its customers, especially Iranian businessmen and companies in the UAE.

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