1 of 1
Story summary
- The United Arab Emirates is negotiating with the United States for a financial backstop as fears mount that the Iran war could weaken its economy.
- UAE Central Bank Governor Khaled Mohamed Balama discussed a potential currency-swap line with U.S. Treasury officials.
- Analysts say the dirham, pegged to the dollar, faces pressure from capital flight and market volatility.
- Recovery from the conflict is expected to be slow.
