selected business news
"Bahrain pushes for Gulf stability fund "
Posted July 22, 2010 by Lindsay Roberts
In partial response to the global downturn, Bahrain’s finance minister is calling for the creation of a regional stability fund for members of the Gulf Cooperation Council (GCC). The fund would not only protect against future economic crises, but also begin the process of bridging economic disparities within the economic bloc. The proposed stability fund looks to enhance economic growth, as well as provide urgent monetary support to prevent potentially devastating effects of financial crises within an individual state as well as on the region at large.
