Reuters: Saudi Arabia, Emirates and Kuwait Haven been Discussing Aid to Manama for More than Year
2018-08-16 - 7:36 م
Bahrain Mirror- Reuters: Gulf finance ministers said on Wednesday they would support Bahrain's financing needs after reviewing its proposed fiscal balance programme at a meeting in Manama.
"The ministers reaffirmed their countries' commitment to supporting the financing needs of a fiscal balance programme with targeted indicators," they said in a statement.
The ministers were from Saudi Arabia, the United Arab Emirates, Kuwait and Bahrain.
The Gulf Cooperation Council members have been discussing aid to Manama for more than a year, as foreign investors dumped Bahrain's bonds, bankers and other Gulf sources have told Reuters.
In late June, the three countries said in a statement they were considering "all options" to support Bahrain and finalise an integrated aid programme, which they said would soon be announced.
Manama has projected a state budget gap of $3.5 billion in 2018.
- 2023-11-25S&P Revises Bahrain's Outlook to "Stable" on Fiscal Deficit Worries
- 2023-07-13Haj Sumoud Transferred from Dry Dock Prison to Al-Salmaniya Emergency Department after His Health Deteriorated
- 2023-06-22Bahraini Mumtalakat Buys Saudi McLaren's Stake
- 2023-05-18After Allocating $5 Billion Investment Fund, Is Bahrain Waiting New Saudi Support?
- 2022-09-21Abu Sa'afa Field Revenues Reach One Billion, 33 Million BD, Its Revenues Expected to Increase by 40% this Year