The indictment of Turkish state-owned Halkbank, unsealed late last year, is the first against a major bank for sanctions violations brought by the United States.
UAE
United Arab Emirates Transshipment Chronology: 1971 – 2017
The United Arab Emirates has long served as a hub for international trade. It has the Persian Gulf’s largest seaport and airport and is the largest export market for the…
Twenty Five Years of Transshipments Through the United Arab Emirates
During the past quarter century, the United Arab Emirates have enjoyed a unique position in the world: they, more than any other country, have helped illicit traders mask the true…
Nukes ‘R’ Us
The New York Times March 4, 2004, p. A31 WASHINGTON – America’s relations with Pakistan and several other Asian countries have been rocked by the discovery of the vast smuggling…
Dubai is a Growing Diversion Risk, German Officials Say
German officials tell the Risk Report that Iran is increasingly using Dubai in the United Arab Emirates to obtain high technology, particularly electronic `equipment. They say that Iranians operating in…
Dubai Tries to Build a Modern Customs Agency
Two years ago, Dr. Obaid Saqer Busit became the youngest Director-General of the Dubai Department of Ports and Customs. At the age of thirty-four, he was suddenly responsible for tracking…
What is the Jebel Ali Free Zone?
For traders who sell products in the Persian Gulf and South Asia, the Jebel Ali Free Zone is a dream come true. Foreign companies can use Dubai as a distribution…
Director of Jebel Ali Says U.S. Embargo Will Not Affect Iran
Sultan Ahmed Bin Sulayem, the Chairman and Managing Director of Dubai Ports and the Jebel Ali Free Zone, does not believe that U.S. prohibitions against trade with Iran will affect…
Dubai: A Booming Entrepot and Growing Diversion Risk
“I have checked to see if there are any export control laws in the U.A.E. and to the best of my knowledge none exists.” This was the verdict of the…
Dubai: The Commercial Gateway to Iran
Dubai, called the “Hong Kong of the Middle East,” has been known for centuries as a trading port. It was once famous for its market in pearls and gold. Today,…