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Saudi Arabia Blocks Some German Business Over Rift

  • Relations are tense after remarks from German foreign minister
  • Deutsche Bank is among companies impacted by the tensions
General Views Of Saudi Arabia\'s Capital
Photographer: Simon Dawson/Bloomberg
Updated on

Saudi Arabia is cutting back on its dealings with some German companies amid a diplomatic spat with its top European trading partner, according to people with knowledge of the matter.

Government agencies have been told not to renew some non-essential contracts with German firms following comments made in November by Germany’s then-foreign minister, Sigmar Gabriel, two of the people said, asking not to be identified because the matter is private. Essential business is continuing as normal, they said.