Bahrain: Traders, Dealers and Survivors

The U.S. prepares a warm welcome for the gulfs "poor cousin "

The country is just one-seventh the size of Long Island, but its puny proportions belie its importance. Over the past decade, the 240-sq.-mi. state of Bahrain has emerged as the banking and trading capital of the Persian Gulf, a sort of Arabian Hong Kong. Only 15 miles off the coast of Saudi Arabia, the island nation is a strategic steppingstone in the defense of the oil-rich gulf. As one of the rare gulf nations that allow the U.S. Navy to use their...

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