00:00UAE Ambassador to the United States, His Excellency Yusuf Al-Utayba, has pushed back on suggestions that the Emirates requires
00:07external financial backings.
00:09His statement follows reports about a potential currency swap with the United States.
00:14Al-Utayba stressed that the UAE's economic position remains solid, backed by strong financial fundamentals,
00:20including over $2 trillion in sovereign assets and more than $300 billion in foreign reserves.
00:26He added that the UAE-US relationship is based on partnership and cooperation, not dependence.
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