Wednesday, 8 August 2018

RPT-Saudi-Canada row could further rattle foreign investors eyeing kingdom | Reuters

RPT-Saudi-Canada row could further rattle foreign investors eyeing kingdom | Reuters:

A worsening row between Saudi Arabia and Canada about human rights threatens to undermine Riyadh’s foreign investment drive, a campaign already unsettled by a series of assertive political and diplomatic initiatives by the top oil exporter.

The kingdom froze new trade and investment with Canada and expelled its ambassador this week, angered by a call from Ottawa for the freeing of arrested rights activists.

Riyadh’s action may do some damage to the miniscule trade between the two countries - Saudi Arabia’s main state wheat buying agency, for example, has told grains exporters it will no longer buy Canadian wheat and barley.

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