UAE Economy Strong, No Need for External Financial Aid, Says Ambassador in US
WASHINGTON: The United Arab Emirates has stated that its economy is strong and it does not require any external financial assistance, according to UAE Ambassador to the United States Yousef Al Otaiba.
In a statement reported by The National News, Ambassador Al Otaiba said that the UAE does not face any US dollar liquidity issues and maintains vast sovereign wealth assets worth trillions of dollars.
He clarified that any suggestion of the UAE needing external financial support is not based on facts, adding that the country remains one of the most financially resilient economies in the world.
According to him, the UAE holds more than $2 trillion in sovereign investment assets, while its central bank has over $300 billion in foreign currency reserves. Additionally, the country’s banking sector holds deposits worth approximately $1.5 trillion.
Amb. Al Otaiba: We very much appreciate President Trump’s recognition of the UAE as one of America’s most important economic & trade partners. That recognition reflects the depth of a relationship built on mutual interest, mutual investment & long-term strategic confidence. (1/5)
— UAE Embassy US (@UAEEmbassyUS) April 21, 2026
Al Otaiba further stated that this financial strength has enabled the UAE to invest more than $1 trillion in the United States, with clear potential for further significant investment growth in the future.
He also praised US President Donald Trump’s recognition of the UAE as one of America’s most important economic and trade partners.
