PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States
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Source: Zero Hedge
Published: 2026-04-24 08:15 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, World News, Business & Economy, War & Conflict, Asia Pacific
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Snippet:
Just days after the UAE hinted at a growing dollar shortage in the Gulf nation by requesting swap lines with the Fed, Bloomberg reports that as Iran's struggling neighbors scramble to build cash buffers to deal with any potential economic fallout from the Iran war, one large buyer has stepped in: the world's largest bond manager, Pacific Investment Management Co.
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