UAE denies reports of capital movement restrictions
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The UAE Ministry of Economy and Tourism denied the accuracy of what has been circulated on some platforms about the country imposing restrictions on the movement of capital or preventing foreign investors from transferring or managing their funds in accordance with the relevant laws, stressing the UAE’s firm commitment to policies of economic openness and the free movement of capital, in line with global best practices and in a way that strengthens a stable and attractive investment environment.
For his part, the diplomatic advisor to the UAE president, Anwar Gargash, commented on these reports, saying: “We have repeatedly warned of the dangers of rumors in times of war, and what is being circulated about imposing restrictions on the movement of capital in the UAE is not true, as clearly refuted by the official authorities.”
He added: “The UAE’s economic history is built on openness and the free movement of money, which is one of the pillars of its success and investment appeal. The UAE will return more determined and successful, and the Iranian aggression will not succeed in its aims.”