Dubai: With the stroke of a pen, Donald Trump barred most citizens from seven mainly Muslim Mideast and East African nations from entering the US. While the order doesn’t list the countries, it points to laws that cover those seven, which were provided by the White House. Most of the countries are home to conflict or Islamist insurgency, while the US has sanctioned Iran for sponsoring terrorism. Business impactThere’s little commerce between the US and the seven nations, most of which are either at war or poor—or both. But Trump’s order will further worry global investors considering a move into Iran but who fear running afoul of US policy toward the Islamic Republic.

Source: Mint January 28, 2017 16:52 UTC