Financial and Banking News


Saudi Arabia Pays $28.5mn PLO Support

Saudi Arabia paid its quarterly aid installment of $28.5mn to the Palestine Liberation Organization (PLO) on 16 March, it was announced in Riyadh. According to a PLO official quoted by the Associated Press, this makes Saudi Arabia "the only Arab power to honor its financial commitment to the PLO. Other Arab powers are either delaying their commitments for years or not paying at all." Saudi Arabia promised...