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Kuwait, Saudi Arabia, UAE Pledge $10 Billion to Bahrain

Bahrain's Financial Harbor, left, and World Trade Center in Manama. (Reuters)
Bahrain's Financial Harbor, left, and World Trade Center in Manama. (Reuters)
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Kuwait, Saudi Arabia, UAE Pledge $10 Billion to Bahrain

Bahrain's Financial Harbor, left, and World Trade Center in Manama. (Reuters)
Bahrain's Financial Harbor, left, and World Trade Center in Manama. (Reuters)

Saudi Arabia, the United Arab Emirates, Kuwait and the Arab Monetary Fund (as a consultative party) announced the launch of a financial balance program to support the financial stability of Bahrain.

The program includes providing $10 billion to achieve a balance between government expenditures and revenues by 2022.

The program will provide soft loans to fund the financial balance program that aims at accomplishing public finance stability and continuing the motivation of economic growth of Bahrain.

On Thursday, ministers of finance of the concerned states convened in Bahrain where they signed on the arrangements of the financial cooperation between their governments.

On June 27, Saudi Arabia, UAE and Kuwait revealed a comprehensive economic program to support the financial stability of Bahrain.

Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister and Chairman of the Ministerial Committee for Financial Affairs and Control of Spending, stressed that Bahrain seeks to accomplish the goals of comprehensive development, which were put by King Hamad bin Isa Al Khalifa.

Bahrain's Minister of Finance Sheikh Ahmed bin Mohammed Al Khalifa said: "With spending reductions commencing in the short term and the target of eliminating the budget deficit by 2022, the program secures the foundations of an economy that affords even more opportunity, more jobs, and greater living standards for the Kingdom's generations of today and tomorrow."

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Saudi Arabia Reaffirms Commitment to Gulf Security Integration

Gulf interior ministers discussed strengthening joint security cooperation at their meeting in Qatar (SPA)
Gulf interior ministers discussed strengthening joint security cooperation at their meeting in Qatar (SPA)
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Saudi Arabia Reaffirms Commitment to Gulf Security Integration

Gulf interior ministers discussed strengthening joint security cooperation at their meeting in Qatar (SPA)
Gulf interior ministers discussed strengthening joint security cooperation at their meeting in Qatar (SPA)

Saudi Interior Minister Prince Abdulaziz bin Saud reaffirmed the Kingdom’s commitment to strengthening security coordination and cooperation among Gulf nations.
Speaking at the 41st GCC interior ministers’ meeting in Qatar on Wednesday, he emphasized the importance of protecting the region’s prosperity and ensuring a brighter future.
The meeting, chaired by Qatar’s Interior Minister Sheikh Khalifa bin Hamad, focused on enhancing joint security efforts and addressing key issues on the agenda.
Prince Abdulaziz warned of rising security challenges, including cybercrime, drug trafficking, and cross-border organized crime, during the GCC interior ministers’ meeting in Qatar.
He noted that advanced technologies are making it easier for criminal networks to smuggle weapons and fuel terrorism and extremism, especially in unstable regions.
The minister called for stronger collaboration, better strategies, and capacity-building to tackle these threats.
He also said that the GCC interior ministers’ meeting strengthens joint security efforts to tackle new challenges, supporting regional stability and development.
In a post on X, Prince Abdulaziz affirmed Saudi Arabia’s commitment to boosting communication, coordination, and integration among Gulf nations, particularly in security, to protect progress and ensure a brighter future.