VOL. XXXIV
NO. 10
10-DECEMBER-1990
Financial and Banking News
Budgets & Revenues
Saudi Arabia Stands to Retain few, if any, of its Windfall Oil Revenues
The value of Saudi oil exports stands to increase by $15bn due to higherprices and production following Iraq's invasion of Kuwait, but this so-calledwindfall is likely to be entirely eaten up by the costs of contributing to thedeployment of troops in the Gulf, extending aid to Saudi allies, and investingin its oil industry to ensure that higher...
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