UAE’s Economic Relationship with Iran: the current state and outlook

Abstract

This paper investigates the changes in economic relations between Iran and the UAE, which historically has continued maintaining close economic intercourse with Iran in the Gulf Area, examining the prospects for change in their relationships in the future. By focusing on their trade relations and workers’ remittances among the GCC and Iran, this paper discusses changes in their economic linkages. The result of the analysis shows that the economic linkages with the UAE were closer with Iran than other GCC countries during the period 2000 - 2014.