Too Early to Say Bahrain Is Out of The Woods, Nomura Says

The transcript discusses the investment opportunities in Bahraini bonds, highlighting differing opinions on the timing of investments. It covers the rescue package for Bahrain, emphasizing the need for structural adjustments and more clarity. The economic situation in Kuwait is analyzed, focusing on its budget and growth projections. The discussion also touches on GCC bond spreads, noting the relatively stable fiscal outlook despite potential risks.

What is the main concern about the Bahraini rescue package according to the discussion?

• The details of the package are unclear.

• The package is too large.

• The package is not supported by investors.

• The package is only for short-term relief.

How much are Saudi Arabia, Kuwait, and the UAE expected to contribute to stabilize Bahrain's economy?

• 7 billion dollars

• 2 billion dollars

• 3.5 billion dollars

• 5 billion dollars

What is the projected growth rate for Kuwait's economy?

• Just under 4%

• Just under 3%

• Just under 1%

• Just under 2%

What is the main reason the GCC bond spreads have not exploded relative to treasuries?

• The oil prices are unstable.

• The GCC economies have solid reserves.

• The GCC economies have weak balance sheets.

• The Bahraini economy is large.

What is the long-term prediction for the currency peg in the GCC region?

• It will remain stable indefinitely.

• It will go in the long term.

• It will change in the next year.

• It will be replaced by a new currency.