UAE seeks US dollar swap line as precaution

The United Arab Emirates is in discussions with the United States to establish a financial safety net, specifically a potential currency swap line, to ensure its continued access to US dollars. This move is a precautionary step, driven by fears that a prolonged conflict with Iran could severely impact the UAE's economy. Officials describe the talks as focused on creating a backstop, not as a sign of immediate financial distress. The negotiations highlight the Gulf state's efforts to secure its financial stability against regional geopolitical risks.