VOL. XXXIV

NO.16

21-JANUARY-1991

Financial and Banking News

Gulf Crisis

King Fahd Details Saudi Aid to Iraq

Saudi aid to Iraq in recent years has totaled $25,734mn, according to KingFahd ibn 'Abd al-'Aziz, far more than the Iraqis are prepared to admit. In abitter and wide-ranging letter to President Saddam Husain of Iraq, the King forthe first time detailed (down to the last US cent) the aid which had beenprovided to Iraq. The King's figures did not specify the time frame over whichthe money had...