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Policy & Legal Updates
Source: The Straits Times

US Treasury Cites UAE and Regional Curbs in Iran Economic Isolation Drive

US Treasury Secretary Scott Bessent claimed that global diplomatic efforts to economically isolate Iran are showing results following recent banking and aviation curbs. The UAE has suspended all flights by Iranian airlines and blocked transactions through local branches of Iran's Bank Melli. Turkey and Oman have halted Mahan Air flights, while smaller Iranian carriers continue operating routes to China.

Policy & Legal Updates
Source: The Straits Times

US Treasury Cites UAE and Regional Restrictions in Iran Sanctions Campaign

US Treasury Secretary Scott Bessent stated that international diplomatic pressure has led regional partners to impose banking and aviation restrictions on Iran. The measures include flight bans on Iranian carriers by the UAE, Turkey, and Oman, alongside UAE Central Bank transaction blocks on Iran's Bank Melli. US officials reiterated warnings that foreign entities servicing Iranian aircraft face secondary sanctions risks.

Policy & Legal Updates
Source: Gulf News

ADX Integrates with SWIFT Network to Enhance Global Financial Connectivity

The Abu Dhabi Securities Exchange (ADX) has integrated into the SWIFT global messaging network by activating its Business Identifier Code. This connectivity upgrade enables standardized and automated financial communications with foreign institutional investors, international central securities depositories, and custodians. The initiative aims to enhance post-trade infrastructure and expand cross-border capital access.

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