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- Oct 31, 2012
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Exclusive-UAE to unlock billions of dollars for Iran, sources say
By Andrew Mills, Marwa Rashad and Ahmad Ghaddar DUBAI/LONDON, June 12 (Reuters) - The United Arab Emirates has agreed to unlock billions of dollars for Iran, four sources said, in a tactical shift
DUBAI/LONDON, June 12 (Reuters) - The United Arab Emirates has agreed to unlock billions of dollars for Iran, four sources said, in a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state during the U.S.-Israeli war with the Islamic Republic.
Word of the move by the UAE to seek de-escalation and which has not been ‌previously reported, coincides with the final stages of broader negotiations between Tehran and Washington on ending the war, talks that diplomats say could involve the release of tens of billions of dollars in Iranian ‌oil revenues frozen in foreign banks under U.S. sanctions.
In the past month, the UAE, which was heavily targeted by Iran at the height of the war, has been spared fresh strikes, while Iran has trained its missiles and drones on Kuwait and Bahrain. The last known direct attack by Iran on the UAE was more than a month ago - a May 4 strike on the Gulf state's Fujairah port on the Gulf of Oman.
Two regional sources told Reuters the UAE had agreed to release a total of $10 billion, more than $3 billion of which had already been delivered.
Here we go again. They are filling them back up with money for future show downs.
When will it end?
