The island kingdom, where a Sunni minority reigns over a Shi'ite majority, said it is confident in the ability of the Egyptian Higher Military Council to establish security and stability, the paper reported.

Mubarak's 30 years of autocratic rule ended on Friday after 18 days of street protests, just four weeks after Tunisians toppled their own ageing strongman.

Bahrain also said it was confident of "the continuation of Egypt's leading role in the common Arab work and defending the interests of the (Arab) nation" and said it was interested in developing its relationship with Egypt, Al Watan said.

On Friday, Bahrain's king decided to give 1,000 Bahrain dinars ($2,650) to each Bahraini family, the rulers' latest action to placate their majority Shi'ite subjects before anti-government protests planned next week.