"DUBAI: The US government has forced Dubai-based Noor Islamic Bank to stop channelling billions of dollars from Iranian oil sales through its accounts, part of Western measures to curb Tehran’s disputed nuclear program.
The move, which took place in December, is embarrassing for traditional US ally the United Arab Emirates because the bank is partly state-owned and its chairman is the son of Dubai’s ruler, Sheikh Mohammed.
A spokesman for Noor Islamic bank said it complied with all international regulations on Iran."
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