24 Hrs
Source:
الأيام
Saudi Arabia tightens controls on UAE transfers
Saudi Arabia has implemented strict monitoring over financial transfers to the UAE in order to comply with anti-money laundering and counter-terrorism financing standards. This has led to delays in some transfers and responses from Saudi banks without official explanations. This move comes amidst escalating political tensions between the two countries over geopolitical and economic issues, even though their deep economic ties remain intact, and coordination continues between them on important regional matters such as the reopening of the Strait of Hormuz.
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