Gulf states strong - Bahrain's Al-Majar
The Gulf states are in a strong position to withstand the financial crisis, said Rasheed Al-Majar, the governor of the Central Bank of Bahrain.
Al-Majar said that the Gulf Cooperation Council (GCC) countries constituted a $1 trillion economy, were net capital exporters, their governments had surplus fiscal positions, and collectively they were one of the world's largest holders of foreign exchange reserves.
He also said that Bahrain's financial sector had shown its resilience over the past year
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