Bank Transfers Between Saudi Arabia and UAE Experience Unusual Delays on July 7

According to Jin10, bank transfers between Saudi Arabia and the United Arab Emirates experienced unusual delays on July 7, affecting multiple industries. The issues included funds not arriving, being returned, or payments being frozen, with reasons remaining unclear. Some enterprises have resorted to using intermediaries in other jurisdictions.

Saudi Arabia's central bank denied imposing restrictions targeting specific countries, stating it applies unified risk controls. The UAE indicated it had not received related complaints and emphasized the deep economic and trade ties between the two nations.