VOL. XXXIII

NO. 16

22-JANUARY-1990

Financial and Banking News

Budgets & Revenues

British Minister Confirms Saudi Commitment to Yamamah

The British Minister for Trade, Lord Trefgarne, last week confirmed thatSaudi Arabia is able to meet its commitments under the Yamamah arms deal, whichcovers an estimated $30bn arms package made up of Tornado jet fighters and ancillary services. He also said that Britain and Saudi Arabia are negotiating toincrease the rate of the oil deliveries with which the...