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Dubai says its felt only moderate impact from Iran sanctions

Hani al-Hamli, secretary general of Dubai Economic Council has said the emirate's economy has felt only a modest impact on trade from international sanctions against Iran so far, Reuters has reported. "It's still moderate in terms of trade, but we are closely watching the number how it is affecting the near term and the long term as well," said al-Hamli told reporters on the sidelines of a conference on financial restructuring and bankruptcy. "How much? I do not recall the numbers," he said.