Businesses Report Blocked Payments From Saudi Arabia to UAE Amid Political Tensions Saudi Arabia has reportedly delayed or blocked money transfers to accounts in the United Arab Emirates since mid-May, according to sources cited by the Financial Times (FT). The reports have raised concerns that a widening political rift between the two Gulf neighbors is now affecting commercial ties. One Western executive at a Dubai-based healthcare company told FT that Saudi banks blocked and returned several payments from a long-standing Saudi client without explanation, according to the report. Saudi Arabia’s central bank denied imposing any “direct restrictions on specific countries” in…
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