UAE-Saudi lost several billion dollars due to deserted hotels of Dubai and Riyadh, tourism sector coming to a standstill; created an uproar

Saudi Arabia UAE Economy Loss: The ongoing fierce military conflict between Iran and America-Israel has not only reduced Tehran to rubble, but its economic lava has now reached the neighboring Gulf countries as well. Latest data and ‘Financial Times’ According to the report, despite not being directly involved in the war, Saudi Arabia and the United Arab Emirates (UAE) have suffered the biggest financial losses so far.

economic burden of billions of dollars

According to the latest data, Saudi Arabia has suffered a loss of more than 5 billion dollars (about Rs 415 billion) so far in this war. Similarly, UAE has also suffered a loss of about 5 billion dollars. Experts say this economic hit is mainly due to the decline in energy exports and tourism revenues.

crisis in the energy sector

The Gulf countries have lost a total of $15.1 billion in energy revenue due to the Iran war. Among these, Saudi Arabia has been the most affected, which has suffered a loss of $ 4.5 billion in the energy sector. The operations of Saudi Aramco, the world’s largest oil company, have come to a standstill due to war. Additionally, the closure of the Strait of Hormuz has resulted in a combined loss of $10 billion in energy revenue for Kuwait, Bahrain and the UAE as global exports from here are completely disrupted.

Big blow to tourism industry

The fire of war has also scorched the tourism of Gulf countries. The Tourism Agency report shows that the UAE lost $2.5 billion in tourism, while Saudi Arabia suffered a loss of $2 billion. After this comes countries like Qatar. Due to insecurity, tourists have stayed away from these countries, due to which the hotel and aviation industries are in crisis.

Civilian deaths and humanitarian damage

Along with economic loss, these countries have also had to suffer human loss. There have been more deaths of civilians in UAE than in Saudi Arabia. According to the data, so far 12 citizens have lost their lives in UAE, 8 in Kuwait, 2 in Bahrain and 2 in Saudi. Iraq has the highest number of civilian deaths outside the Gulf region, at 59.

Also read:- Major air attack in Afghanistan, airline’s fuel depot in Kandahar destroyed; Taliban made serious allegations against PAK

America’s huge spending on war

On the other hand, according to the estimates of the US Defense Ministry Pentagon, America has spent ammunition worth $11 billion in the first 10 days of the war. America, along with Israel, is targeting Iran’s strategic targets and leadership in this war, in which so far 40 top commanders including Ayatollah Ali Khamenei have been killed.