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Crackdown squeezes Iranians in Dubai

US policy hurting small businesses

Two men passed by the main branch of Bank Melli Iran, the National Bank of Iran in Dubai, United Arab Emirates, in July. Two men passed by the main branch of Bank Melli Iran, the National Bank of Iran in Dubai, United Arab Emirates, in July. (Kamran Jebreili/Associated Press)
By Farah Stockman
Globe Staff / September 15, 2008

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DUBAI - This freewheeling boomtown has always been the place where Iranians go to escape US sanctions. Since US laws stopped the sale of American products to Iran in the 1980s, Iranian traders have made the short boat ride here to buy what they want. When the US Treasury banned key Iranian banks a year ago, Iranian businessmen flocked here, ... (Full article: 1104 words)

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