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The Nexus
BUSINESSJul 8 · 12:36 UTCSEMAFORMatthew Martin

Saudi-UAE tensions hit money flows

Money transfers between Saudi Arabia and the UAE are being delayed or canceled, forcing businesses to route payments through third countries and individuals to carry cash. Strained relations stem from differing approaches to wars in Sudan and Yemen, relations with Israel, oil markets (UAE left OPEC in May), and competition for the region's primary business hub.

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