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Saudi Arabia increases scrutiny on financial transfers to UAE

Since mid-May, Saudi banks have been delaying or blocking financial transfers involving the UAE without providing official explanations.

The Business Standard · 19 আগস্ট 2026, 12:50 দুপুর

According to company executives and various sources, Saudi Arabian banks have been delaying, blocking, or returning financial transfers involving the United Arab Emirates since mid-May. These actions, which affect transactions in multiple currencies, are frequently carried out without any official explanation provided to the involved parties.

তথ্যসূত্র: The Business Standard