Bahrain bank governor confident about Gulf fundamentals

Bahrain central bank governor Rasheed al-Maraj is very confident about economic fundamentals of Gulf Arab countries and it is premature to say how the planned Gulf single currency will be pegged, he said on Monday.                                           

Bahrain's economic growth is going to be faster next year than in 2009 and the country's exposure to debt-laden Dubai World not significant.                                           

"This does not constitute any significant exposure by any means. It is less than point one percent of total assets of Bahrain banks," he said.