VOL. XXXIII
NO. 11
18-DECEMBER-1989
Financial and Banking News
Loans & Issues
Saudi Arabia Obviates Need for UK Loan, Apparently Pays Cash
An official Saudi statement last week made it clear that Saudi Arabia willnot need recourse to a 2bn ($3.1bn) loan which was being arranged in London tocover a shortfall in its payments for British arms (MEES, 4 December). Thestatement, carried by the official Saudi Press Agency on 12 December, quoted aresponsible source as saying that "contacts between the...
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