UAE raised short term dollar loan from US, threatened to use Chinese Yuan in oil sales: Report
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Source: Middle East Eye
Published: 2026-04-21 04:09 UTC+10:00
Section: General
Factuality Score: 90
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, Economy & Finance, China, Financial Markets, World News, Business & Economy, War & Conflict
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Snippet:
The UAE asked the US to provide a financial lifeline to the country in case the US-Israeli war on Iran dented its economy, even as it warned the US it could replace the petrodollar with Chinese Yuan, according to a report in the Wall Street Journal.
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