'It's an elite matter': UAE confirms it's in talks for swap line loan with US

'It's an elite matter': UAE confirms it's in talks for swap line loan with US Submitted by MEE staff on Mon, 05/04/2026 - 19:41 The remarks came before Iran unleashed fresh strikes on the UAE in an apparent retaliation for US military manoeuvres in Hormuz UAE Minister of Foreign Trade Thani bin Ahmed al-Zeyoudi attends the 5th edition of 'Make it in the Emirates' in Abu Dhabi, on 4 May 2026 (Fadel Senna/AFP) Off The UAE confirmed on Monday that it is discussing a currency swap line with the US, framing it as part of entry into an “elite group” of US allies, as fresh Iranian air strikes roiled the country. "We have this discussion and conversation with many, it's part of an elite group that the US is having this swap policy with. They are only having it with five countries," UAE Trade Minister Thani bin Ahmed al-Zeyoudi said at a conference in Abu Dhabi.