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Bahrain seeks Gulf support due to high debt levels
Bahrain is nearing the prospect of receiving financial support from the Gulf Cooperation Council to address its debts, which exceed 150% of its GDP. This comes amid a significant decline in its foreign currency reserves due to escalating regional tensions and Iran's conflict. Sources anticipate that the UAE will play a pivotal role in providing this support, while Saudi Arabia is viewed positively regarding the possibility that Manama could benefit from additional aid to confront its economic crisis.
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