Wednesday 2 March 2011

AFP: Gulf states to aid unrest-hit Bahrain, Oman

Energy rich Gulf states plan to launch a massive Marshall-style plan to assist Bahrain and Oman which have been hit by unrest, Kuwait's Al-Qabas newspaper reported.

Citing unnamed senior sources, the daily said the six-nation Gulf Cooperation Council states were holding discussions that may culminate in a summit to launch the aid package.

Besides Oman and Bahrain, the GCC groups Kuwait, Qatar, Saudi Arabia and United Arab Emirates, which together are estimated to have $1.35 trillion in surplus assets amassed in the past few years from oil revenues.

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