Emirati officials fear long-term war could 'inflict major damage on its economy' and its reputation as global financial hub, ...

The UAE has informally asked the United States for a currency swap agreement that would enable the Gulf country to exchange dirhams for dollars should the Iran war cause longer-term economic ...

Shift from dollar to yuan could threaten petrodollar system, a 1970s arrangement where oil-exporting nations price their oil ...

The Prime Minister’s Office has sought progress on proposed currency swap agreements with the EU, Russia, Iran and ASEAN states as part of financial sector reforms. The finance ministry has also been ...

The PM's Office asked the concerned ministries last week to provide an update on reforms that have been implemented, are in ...

A currency swap allows two central banks to exchange their national currencies with each other up to a pre-agreed limit ...

Syria ‌is in the final stages of establishing a correspondent bank account with neighboring Türkiye's central bank and will ...