Saudi Arabia and the UAE are economic frenemies. And that’s a good thing.
Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed al-Nahyan meets with Saudi Crown Prince Mohammed bin Salman during the Saudi-UAE Summit in Jeddah, Saudi Arabia, June 6, 2018. Picture taken June 6, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS
Foreign policy experts tend to sort economic relationships between countries into two categories: allies or enemies. The reality for most economic relationships is often closer to “frenemies,” with simultaneous competition and collaboration. In the business world, we see
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