Oil-rich sheikhdom (7)
I believe the answer is:
bahrain
(Other definitions for bahrain that I've seen before include "Arab sheikhdom" , "kingdom in Middle East" , "Gulf region?" , "Island country in the Persian Gulf" , "Gulf state" .)
I believe the answer is:
bahrain
(Other definitions for bahrain that I've seen before include "Arab sheikhdom" , "kingdom in Middle East" , "Gulf region?" , "Island country in the Persian Gulf" , "Gulf state" .)