NO. 26


Financial and Banking News

Budgets & Revenues

Saudi Government to Reduce Fuel and Utility Prices

The Saudi Government is to cut the price of a number of goods and servicesprovided by the state. An announcement by King Fahd ibn 'Abd al-'Aziz cut theprice of gasoline, cooking gas and charges for telephones, water and electricityusage. Some business fees have also been reduced (for details see Section A).The moves are surprising, since many of these goods and...