helping hand

UAE eyes currency support from U.S. if war disruptions deepen

The Central Bank is concerned that a prolonged conflict could inflict heavy damage to trade and push some transactions toward the Chinese yuan

International Monetary Fund

UAE Central Bank Governor Khaled Balama speaks at the spring meetings of the IMF and World Bank in Washington, D.C., last week

The UAE is making contingency plans for deeper financial disruptions from war with Iran and asking the U.S. for help.

UAE Central Bank Governor Khaled Mohamed Balama has discussed the possibility of receiving various forms of financial backing...