{"id":542873,"date":"2022-01-20T03:59:21","date_gmt":"2022-01-20T03:59:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try\/"},"modified":"2022-01-20T03:59:21","modified_gmt":"2022-01-20T03:59:21","slug":"uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try\/","title":{"rendered":"UAE gives Turkey USD 4.9 bn helping hand to prop up the TRY"},"content":{"rendered":"<p><strong>The UAE and Turkey signed a USD 4.9 bn, three-year currency swap agreement <\/strong><strong>yesterday<\/strong> in a bid to prop up dwindling Turkish FX reserves, adding to similar agreements with Qatar, South Korea and China, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-19\/turkey-uae-sign-fx-swap-deal-worth-around-5-billion?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg reports<\/a>. Turkey <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9e11e634-8053-4d77-990b-d49341e28608\">has been selling<\/a> record amounts of USD to support its crashing currency \u2014 which lost 40% of its value last month alone. The agreement cements the new friendship between the two countries, after the UAE signed agreements with Turkey for bns of USD of investments <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/becc9ce3-6354-4e43-abef-fc0770e6346e\">last November<\/a> to help stabilize the TRY.<\/p>\n<p><strong>Also worth knowing this morning:<\/strong><\/p>\n<ul>\n<li><strong>Is the party finally over for Boris Johnson? <\/strong>Pressure is escalating on the British prime minister to resign \u2014 or else risk being pushed out of power by his own MPs \u2014 as outrage over Downing Street lockdown parties refuses to dissipate, <a href=\"https:\/\/www.reuters.com\/world\/uk\/uk-pm-johnson-faces-plot-trigger-leadership-challenge-2022-01-19\/\">Reuters<\/a>reports<\/li>\n<li><strong>Yesterday\u2019s pre-dawn demolition of a disputed property in east Jerusalem\u2019s <\/strong><strong>Sheikh Jarrah by Israeli police<\/strong> has set off local protests and drawn international criticism, with Palestinian President Mahmoud Abbas calling it a \u201cwar crime,\u201d <a href=\"https:\/\/apnews.com\/article\/lifestyle-middle-east-jerusalem-israel-neighborhoods-60b62d0c043cd9a00e9bb04204f3b849\">AP reports<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The UAE and Turkey signed a USD 4.9 bn, three-year currency swap agreement yesterday in a bid to prop up dwindling Turkish FX reserves, adding to similar agreements with Qatar, South Korea and China, Bloomberg reports. Turkey has been selling record amounts of USD to support its crashing currency \u2014 which lost 40% of its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7328],"tags":[222,512,72,89,511,7089,513,218,90,112],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542873","post","type-post","status-publish","format-standard","hentry","category-around-the-world","tag-around-the-world","tag-boris-johnson","tag-enterpriseam","tag-israel","tag-mahmoud-abbas","tag-palestine","tag-sheikh-jarrah","tag-turkey","tag-uae","tag-uk","wpautop","entry"],"acf":{"mongo_id":"8cb4ec42-296f-4d0e-8c32-36156792101e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[542853],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE gives Turkey USD 4.9 bn helping hand to prop up the TRY - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE gives Turkey USD 4.9 bn helping hand to prop up the TRY\" \/>\n<meta property=\"og:description\" content=\"The UAE and Turkey signed a USD 4.9 bn, three-year currency swap agreement yesterday in a bid to prop up dwindling Turkish FX reserves, adding to similar agreements with Qatar, South Korea and China, Bloomberg reports. Turkey has been selling record amounts of USD to support its crashing currency \u2014 which lost 40% of its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-20T03:59:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE gives Turkey USD 4.9 bn helping hand to prop up the TRY\",\"datePublished\":\"2022-01-20T03:59:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Around the World\",\"Boris Johnson\",\"EnterpriseAM\",\"Israel\",\"Mahmoud Abbas\",\"Palestine\",\"Sheikh Jarrah\",\"Turkey\",\"UAE\",\"UK\"],\"articleSection\":[\"AROUND THE WORLD\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/uae-gives-turkey-usd-4-9-bn-helping-hand-to-prop-up-the-try\/\",\"name\":\"UAE gives Turkey USD 4.9 bn helping hand to prop up the TRY - 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