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Bahrain: Opposition figures and the economy are under pressure

Gulf bailout: The UAE, Saudi Arabia and Kuwait are preparing more financial support, although the amount has yet to be revealed; it is likely to come with strings attached, including demands for fiscal reforms such as tax rises and spending cuts to break Bahrain’s cycle of dependency on its wealthier neighbours. It followed pressure on the financial markets, with five-year sovereign credit default swaps trading at their highest levels since the 2008/09 financial crisis.

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African Energy Gulf States Newsletter