Editorials & Other Articles

canetoad

(21,029 posts) Wed Apr 22, 2026, 10:09 PM Apr 22

'Good ally' UAE is sounding out Trump for a lifeline in war's dollar crunch

The aftershocks of the war in the Middle East are spreading into the global financial system, with one of the world’s wealthiest countries seeking a financial lifeline.

Donald Trump and his Treasury Secretary Scott Bessent have confirmed that the United Arab Emirates and “numerous” other countries in the Middle East and Asia have asked the US for financial support in the form of currency swap lines, or the ability to swap their currencies, at minimal cost, for US dollars.

At face value, the UAE shouldn’t have any need of financial support from the US or anyone else.

As its ambassador to the US, Yousef Al Otaiba, said this week in a post on “X,” the UAE is “one of the world’s most financially resilient economies, underpinned by more than $US2 trillion ($2.8 trillion) in sovereign investment assets.”

https://www.theage.com.au/business/markets/good-ally-uae-is-sounding-out-trump-for-a-lifeline-in-war-s-dollar-crunch-20260423-p5zqbt.html

https://archive.md/9YLWb

6 replies

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'Good ally' UAE is sounding out Trump for a lifeline in war's dollar crunch (Original Post) canetoad Apr 22 OP

It's madness to even think this would be a consideration. Deuxcents Apr 22 #1

Just another... 2naSalit Apr 22 #2

Billions for the oil rich. greatauntoftriplets Apr 22 #3

Our farmers need a lifeline. Our schools, our infrastructure, our healthcare system all need lifelines. Deuxcents Apr 22 #4

47 doesn't gain any personal enrichment for helping us vapor2 Apr 22 #5

Maybe this hasn't hit the airwaves yet but I read where Bassett is entertaining this..where is the outrage? Deuxcents Apr 22 #6

Deuxcents

(27,708 posts)

1. It's madness to even think this would be a consideration.

Reply to canetoad (Original post)

Wed Apr 22, 2026, 10:23 PM

Apr 22

2naSalit

(103,811 posts)

2. Just another...

Reply to canetoad (Original post)

Wed Apr 22, 2026, 10:24 PM

Apr 22

Plot to steal or money from the treasury.

greatauntoftriplets

(179,348 posts)

3. Billions for the oil rich.

Reply to canetoad (Original post)

Wed Apr 22, 2026, 10:25 PM

Apr 22

Cuts to the bone for childcare and children's cancer research, to name two things.

Deuxcents

(27,708 posts)

4. Our farmers need a lifeline. Our schools, our infrastructure, our healthcare system all need lifelines.

Reply to canetoad (Original post)

Wed Apr 22, 2026, 10:46 PM

Apr 22

vapor2

(4,922 posts)

5. 47 doesn't gain any personal enrichment for helping us

Reply to Deuxcents (Reply #4)

Wed Apr 22, 2026, 11:26 PM

Apr 22

Deuxcents

(27,708 posts)

6. Maybe this hasn't hit the airwaves yet but I read where Bassett is entertaining this..where is the outrage?

Reply to vapor2 (Reply #5)

Wed Apr 22, 2026, 11:30 PM

Apr 22

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