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Does the UAE need a US financial cushion?

Emirati officials raised the possibility of a currency swap line with US Treasury Secretary Scott Bessent during meetings in Washington last week.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, United Arab Emirates(C), arrives for a meeting with China's President Xi Jinping at the Great Hall of the People on April 14, 2026, in Beijing, China. (Haruna Furuhashi /Getty Images)

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The United Arab Emirates was peeved when President Donald Trump said this week that a currency swap discussion was taking place between the two states as Gulf states reel from the Iran war. But does the UAE really need a financial cushion?

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