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Edition: U.S. Article Comments (0) Slideshow Full Focus Editor's choice A selection of our best photos from the past 24 hours. Full Article Follow Reuters Gulf states prepare aid fund for Oman and Bahrain Tweet Share this Link this DUBAI (Reuters) - Gulf Arab oil producers were due Thursday to discuss an aid fund for Bahrain and Oman, both of which are facing anti-government protests inspired by uprisings across the Arab world, Gulf government officials said. Various local... Email Print Related Topics World » Bahrain » 1 / 4 An anti-government protester flashes victory signs in front of the Bahrain Immigration Directorate in Manama March 9, 2011. Credit: Reuters/Hamad I Mohammed DUBAI | Thu Mar 10, 2011 10:24am EST DUBAI (Reuters) - Gulf Arab oil producers were due Thursday to discuss an aid fund for Bahrain and Oman, both of which are facing anti-government protests inspired by uprisings across the Arab world, Gulf government officials said. Various local media have put the likely size of the fund at between $10 billion and $15 billion. Foreign ministers from the Gulf Cooperation Council, which comprises Bahrain, Oman, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates, were due to meet later Thursday in Riyadh, Saudi Arabia, where they were expected to discuss the fund, officials from the UAE and Bahrain told Reuters. The package will likely be used to generate jobs for the young, who complain that their governments shut them out from opportunities and a say in government. A Bahraini official confirmed last week that discussions for such a fund were taking place, but since then few details have emerged. Central bankers at the GCC meeting in Abu Dhabi on Thursday were also tight-lipped. Worried about spreading rebellions, Saudi Arabia and the UAE are planning to spend billions of dollars to improve the living standards of poorer citizens. Bahrain and Oman are small non-OPEC oil producers and need higher oil prices than oil giants such as Saudi Arabia or the UAE to replenish their government finances. Kuwait, Bahrain and Oman have allocated new funds, grants and social benefits or promised new jobs and raised wages. (Reporting by Reed Stevenson; Editing by Kevin Liffey) World Bahrain Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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