The United Arab Emirates – home to the tallest manmade structure in human history in a city of 4 million that recorded $250 billion in property transactions in 2025 alone, roughly equivalent to the annual gross domestic product of Portugal or New Zealand at a fraction of the size – is suddenly hard up for cash thanks to convicted felon President Trump’s ill-advised attack on Iran and are seeking a line of credit from the American taxpayer, the Wall Street Journal reports.
UAE Central Bank Governor Khaled Mohamed Balama floated a currency-swap line with Treasury Suckretary Scott Bessent and in meetings in DC last week, emphasizing concerns that the conflict could cast a long-term shadow over Dubai and the other emirates’ status as financial hubs.