UAE sanctions Bank Melli Iran; airline suspensions add to economic pressure on Tehran

September 24, 2026 9:31 AM

UAE sanctions Bank Melli Iran; airline suspensions add to economic pressure on Tehran

The US-Iran conflict has entered a new phase this week. While economic pressure on Iran is mounting, diplomatic contacts between the two have also resumed at UNGA in New York. In the UAE, the Central Bank (CBUAE) has imposed strict enforcement measures on the UAE branches of Bank Melli Iran. All UAE branches of the Iranian bank have been prohibited from conducting financial transactions to and from Iran, including trade finance and fund transfers. The action followed violations of UAE laws and...

Red Sea tensions, attempted attack on Mecca threaten regional stability: MEA

September 18, 2026 9:31 PM

Red Sea tensions, attempted attack on Mecca threaten regional stability: MEA

Reiterating its serious concern over the deteriorating security situation in the Red Sea region and the attempted attack on Saudi Arabia’s holy city of Mecca, India on Friday said that the developments threaten regional stability as well as freedom of navigation through the Bab el-Mandeb strait. Addressing a bi-weekly press briefing in New Delhi, the Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal described the attacks as “unacceptable” and called for an early return to pe...