United Arab Emirates - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012

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United Arab Emirates

April 21, 2026

Abu Dhabi 5:20 pm

27°C

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Could UAE tap US currency swap line as Iran war strains Gulf economies?

The Gulf country apparently wanted reassurances from Washington in case its economy is severely damaged by the Iran war.

United Arab Emirates

Abdulla Balalaa, Assistant Minister of Foreign Affairs for Energy and Sustainability, United Arab Emirates

Interview

UAE official says opening Hormuz integral to any Iran deal, describes infrastructure damage 'manageable'

Abdulla Balalaa, UAE assistant minister of foreign affairs for energy and sustainability, spoke to Al-Monitor about the situation in the Gulf along with the UAE's focus on promoting privatization in the water sector and the 2026 UN Water Conference.

FAYEZ NURELDINE/AFP via Getty Images

Saudi stocks hit 2026 high, bucking global war-driven volatility

The kingdom's stock market climbed to its highest level of the year on Wednesday, with the kingdom’s equities now far outperforming the S&P 500 and other global and regional indices.

Latest News

UAE's deputy PM holds first call with Ghalibaf amid push to extend US-Iran ceasefire

ATTA KENARE/AFP via Getty Images

United Arab Emirates

IMF slashes Mideast outlook by nearly 3 points as Iran war hits economies

A man walks through the atrium during the 2026 IMF and World Bank Group Spring Meetings in Washington, DC, on April 14, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

China signals bigger Gulf role as UAE crown prince visits Beijing

Chinese Premier Li Qiang meets with Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, in Beijing on April 13, 2026.

Oil back above $100 as US moves to blockade Strait of Hormuz

Elke Scholiers/Getty Images

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Mohammed Soliman

In Washington, DC, reporting on Gulf politics

A container ship is docked at the port of Jebel Ali, operated by the Dubai-based giant ports operator DP World, in the southern outskirts of the Gulf emirate of Dubai, on June 18, 2020.

Amid Trump tariffs, UAE, Singapore to form trade group of small nations

The new group, the Future of Investment and Trade Partnership (FIT-P), is expected to include around 10 countries, with the UAE, Singapore, and New Zealand being founding members.

United Arab Emirates

His Excellency Hassan Sheikh Mohamud, president of the Federal Republic of Somalia (R), received His Excellency Sheikh Shakhboot bin Nahyan Al Nahyan, minister of state, at the start of a working visit to the Somali capital, Mogadishu, on Aug. 28, 2025.

Somalia, UAE hold talks as tensions simmer over Puntland, Somaliland

The visit occurred on the same day that Somalia's president met with Sudan’s intelligence chief.

United Arab Emirates

An aerial view of the solar mirrors at the Noor 1 Concentrated Solar Power plant some 12.5 miles outside the central Moroccan town of Ouarzazate, on Feb. 4, 2016.

Egypt secures $220M from domestic, Gulf, Chinese investors for solar project

Foreign investment from three countries comes at a pivotal time in Egypt’s recovery from its worst financial crisis in over six decades.

A view of buildings in Abu Dhabi, on June 26, 2023.

Abu Dhabi’s Lunate buys stake in UK hedge fund, launches $2B investment arm

With $1.7 trillion in sovereign wealth, Abu Dhabi has long sought to establish itself as a global financial hub.

United Arab Emirates

Employees man their terminals at the control room for traffic and crowd management for pilgrims at the General Transport Centre at the Royal Commission for Mecca and Holy Sites in Mecca on June 3, 2025.

Saudi Arabia escalates Arabic AI race with new state-backed chatbot

The app is available only in Saudi Arabia, but the company plans to expand across the region and eventually globally.

uae angola visit

UAE president makes first-ever visit to Angola as part of Africa push

The UAE president’s visit to Angola, his first, marks a major step in the already strong relations between the two nations.

United Arab Emirates

A man watches stock movements on a display at the Dubai Financial Market stock exchange, United Arab Emirates, April 12, 2022.

Analysis

Middle East demand for US debt soars to $400B in turbulent year

The first half of 2025 saw regional investors boost holdings of US Treasuries to record levels, led by the UAE, Israel and Kuwait, as markets digested turbulence from President Trump's trade agenda.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

The inaugural ride of Kenya's newly acquired Standard Gauge Railway locomotive pulls into Voi railway station on May 31, 2017, in Voi, Kenya.

China, UAE are transforming African economies, but on whose terms?

China and the UAE are racing to get ahead in Africa’s economic future, each using a different playbook.

United Arab Emirates

Botswana Qatar

Qatari royal expands Africa push with $12B in Botswana after $39B in DRC, Zambia

A Qatari delegation began a tour of 10 African countries on Aug. 13 in Kinshasa, Democratic Republic of Congo, to explore investment opportunities.

A Sudanese merchant weighs pure gold on an electronic scale in the village of al-Shirik in northern Sudan on Aug. 8, 2010.

Sudan restricts gold trade as currency falls: What to know

The UAE, historically the largest importer of Sudanese gold, could be affected by the move, and Khartoum is seeking to reduce exports of the commodity to the Gulf state over a dispute related to the civil war.