Bahrain is expected to receive a financial rescue package led by the United Arab Emirates as the Gulf economies are under pressure after the Iran war. The package is designed to strengthen Bahrain's dwindling foreign exchange reserves. Qatar's economy shrank by 15% compared to the same period last year, and the International Monetary Fund expects the UAE's economy to shrink by 4%. Saudi Arabia canceled a major investment conference.

Bahrain is expected to receive a financial rescue package led by the United Arab Emirates as the Gulf economies are under pressure after the Iran war. The package is designed to strengthen Bahrain's dwindling foreign exchange reserves. Qatar's economy shrank by 15% compared to the same period last year, and the International Monetary Fund expects the UAE's economy to shrink by 4%. Saudi Arabia canceled a major investment conference.