Media playback is unsupported on your device

UAE optimistic following deal easing sanctions on Iran

29 November 2013 Last updated at 13:25 GMT

Last week's deal easing sanctions on Iran in exchange for Tehran curbing parts of its nuclear programme marked a major shift in relations between Iran and the West.

The latest developments have brought new found optimism to the UAE which has close ties to Iran and has been hit hard by sanctions.

Jonathan Frewin reports from Dubai.

Watch Middle East Business Report

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.