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UAE in talks with U.S. for possible financial lifeline, WSJ says
The United Arab Emirates has begun talks with the US about a financial backstop in case the Iran war plunges the country into further crisis, the Wall Street Journal reported, citing US officials it didn’t identify.
AI Summary
The United Arab Emirates has started discussions with the United States about a financial backstop if the Iran war worsens the country’s crisis. UAE Central Bank Governor Khaled Mohamed Balama proposed a currency swap line with the Federal Reserve and the U.S. Treasury. The proposal was presented to Treasury Secretary Scott Bessent and other U.S. officials during meetings in Washington last week. The talks aim to secure a potential lifeline for the UAE’s economy amid escalating regional tensions.
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