Middle East Economic Survey


No 32


Smooth Transition After Death Of King Fahd; Kingdoms Oil/Political Outlook Unchanged

An official statement from the Saudi Royal Court on 2 August confirmed the death of Fahd ibn 'Abd al-'Aziz, who had been king since the death of King Khalid in June 1982. With deep sorrow and sadness, the statement said, the Royal Court in the name of His Highness Crown Prince 'Abd Allah and all family members, and on behalf of the whole nation, announces...