Rich Gulf states rally behind Bahrain once more, with vow of more finance


In depth
Issue 1062 - 06 Jul 2018 | 4 minute read

The UAE, Saudi Arabia and Kuwait said on 26 June they were preparing another round of financial support for Bahrain’s beleaguered economy. Just how much will be offered – and with what conditions – remains to be seen, but the promise alone was enough to halt a worrying slide in market confidence in the island kingdom’s finances. The news of a fresh bailout came after several days of pressure on the financial markets.

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