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Bahrain seeks Gulf aid amid high debt
Bahrain is approaching securing financial support from the Gulf countries to help it face its debt crisis, which exceeds 150% of its GDP due to declining foreign exchange reserves. This comes amid efforts by the UAE and Saudi Arabia to bolster its economy, which has been affected by Iran's influence and a more than 50% drop in reserves since March. Although the specific amount and timing of this support have not yet been determined, Gulf backing becomes essential to strengthen the country's financial stability.
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