UAE central bank imposes strict sanctions on Bank Melli Iran branches

​The ‌United Arab ​Emirates' central bank ‌on Wednesday said it had ‌prohibited the ‌major Iranian bank Bank Melli ⁠from ​operating ⁠in the UAE, ⁠citing non-compliance ​with regulations.

Links with the ⁠UAE provide ⁠a ​crucial lifeline for ⁠Iran's economy.