The Gulf Cooperation Council plans to set up a fund worth more than $10 billion, Kuwait’s foreign minister said, to help the rulers of Bahrain and Oman appease popular protest movements.
The announcement will be made today in Riyadh, Saudi Arabia, where ministers from the six-nation bloc are meeting, Sheikh Mohammad Al-Sabah said in an interview. He declined to give further details.
Protesters in Oman and Bahrain are calling for free elections, more housing and jobs, echoing popular movements that have swept the region in the past two months and unseated longtime rulers in Tunisia and Egypt. At least two people have been killed in clashes between demonstrators and security forces in the Omani city of Sohar, while in Bahrain, seven people have been killed in demonstrations.
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