Trade emerges as latest flashpoint in deepening Saudi-UAE rivalry



Simeon Kerr | Financial Times

Trade threatens to become the latest flashpoint in the economic and strategic rivalry between Riyadh and Abu Dhabi and risks adding to tensions in the six-nation Gulf Co-operation Council after Saudi Arabia imposed new tariffs on imports from its neighbours.

The levies, which came into force this month, range from 3 to 15 per cent and apply to products made by any company based in its Gulf neighbours whose workforce does not include 10-25 per cent of that country’s nationals. Riyadh said the move was aimed at stopping its industries from being undercut by cheap foreign labour.

To read the rest of the article, please visit here