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

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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African Energy Gulf States Newsletter