April 20, 2012

Dubai Becomes Pivotal in Iran Dispute

Sonia Verma, Globe and Mail

AP Photo

Today, the success of sanctions rests largely on what happens in the glittering Gulf sheikdom of Dubai, a lifeline for Iran that has long served as a lucrative haven for legitimate Iranian businessmen but has also been a convenient base for the Iranian Revolutionary Guard Corps (IRGC). The powerful branch of Iran's military has transformed itself in recent years into a multibillion-dollar business empire with a vast network of front companies that use the United Arab Emirates, of which Dubai is one, to sidestep sanctions.

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TAGGED: Iran, United Arab Emirates, Dubai

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