An Economic Showdown Brews in the Gulf

An Economic Showdown Brews in the Gulf
(AP Photo/Amr Nabil)

Saudi Arabia is laying the foundations for another Gulf crisis – this time provoking its ally, the United Arab Emirates. Just weeks after patching up a years-long dispute with Qatar, the kingdom has announced a new plan to require all foreign businesses to have a regional headquarters in Saudi Arabia, or risk getting locked out of contracts with the government. The decision constitutes a direct shot at the UAE and risks positioning Riyadh and Dubai for an eventual clash.

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