NO. 40


Financial and Banking News

Budgets & Revenues

Saudi Arabia Completes Payment of $13.5bn Desert Shield Contribution

Saudi Arabia was expected to have paid all of its $13.5bn commitment toDesert Shield by the end of June, according to a letter from US DefenseSecretary Brent Scowcroft to the Chairman of the House of Representatives ArmedServices Committee, Mr. Les Aspin. The letter noted that most of thecontribution had been made in cash, although some was in kind...