Official: Gulf nations mull ‘stability’ fund CAIRO — Gulf Arab officials are considering setting up a fund that would help Bahrain and Oman deal with some of the economic issues that have helped stoke unrest in those two nations, an official with the six-nation Gulf Cooperation Council said Sunday.
GCC finance ministers had met a day earlier in the Saudi Arabian capital of Riyadh and expectations were that they would announce what officials, ahead of that gathering, had described as a Gulf “Marshall Plan” to help Manama and Muscat. The plan called for a hefty financial contribution by the four wealthier GCC member states that would target key economic issues such as a housing shortage and unemployment. — AP
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