VOL. XXXI

NO. 3

26-OCTOBER-1987

Financial and Banking News

AID FLOWS

Gulf States Pledge Aid to Egypt

As part of a major realignment in the Arab world because of the Iranianthreat to the Gulf, and after nine years of boycott because of Egypt's signingof a peace treaty with Israel, Saudi Arabia is reported to be quietlyundertaking the arrangement of a major financial assistance package to Egyptwith the aid of Kuwait and the UAE. According to the New York Times of 17October, the representatives of the...