Original Source
UAE Banking Federation Chairman Dismisses Iran War Capital Flight Concerns
UAE Emphasizes Financial Market Stability Amid 'Iran War'
Abdulaziz Al Ghurair, chairman of the UAE Banking Federation, stated at a press conference on the 13th that there are no concerns about increased capital outflow or a dollar shortage stemming from the Iran war. Al Ghurair dismissed worries of capital fleeing the country as unfounded, asserting that capital inflows and outflows are balanced, posing no overall problem. The UAE has recently attracted diverse investors and high-net-worth individuals due to its ease of doing business, convenient time zone, and tax-free policies.
Denies Dollar Shortage and Pursues Currency Swap Deal
Al Ghurair reiterated that the UAE is not facing a dollar shortage. The UAE's trade minister previously confirmed ongoing discussions for a currency swap line with the United States. Following the US-Israel alliance's war with Iran, which began on February 28, some financial institutions temporarily closed branches in the UAE and other Gulf nations. However, the situation has stabilized since a truce was reached last month. Investors are cautiously evaluating their exposure to the Gulf region in the wake of the Iran war.
*Source: ニューズウィーク日本版 (2026-05-14)*
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