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FINANCIAL NEWS
GCC considers fund to help Bahrain, Oman
07 Mar 2011
(MENAFN) An official at the Gulf Cooperation Council (GCC) said that Gulf Arab officials are in talks about giving a financial aid to Bahrain and Oman in order to ease the unrest driven by some economic issues in those 2 countries, reported Gulf News.
The Gulf “Marshall Plan” to help Manama and Muscat requires a large financial contribution by the 4 wealthier GCC member states.
The economic issues prompting the unrest in the 2 Gulf countries include housing shortage and unemployment.
It is worth noting that demonstrations spreading across the Middle East region are focused on greater accountability and a more direct political participation in government by the people.
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