'Trade, commercial exchanges halted': UAE's response to Iran's latest missile attack

A view of the Dubai city skyline. (AP Photo)The United Arab Emirates has suspended all trade, commercial exchanges and financial transactions with Iran after accusing Tehran of launching two ballistic missiles towards the Gulf state, dealing a fresh blow to efforts to ease tensions between the two countries.The UAE defence ministry said its air-defence systems detected two ballistic missiles launched from Iran towards its territory on Tuesday. The incident triggered an emergency alert on residents' phones and was described as the first direct Iranian attack on the UAE since May.The ministry later said its assessment indicated that the missiles had been targeting maritime traffic. One missile fell into the sea outside the UAE's territorial waters, while the other fell within them. No damage