VOL. XLII
No. 09
1-March-1999
SAUDI ARABIA
Saudi Assets Abroad Stand At $420Bn
Mr. Tahir al-Dabbagh, an economic advisor to the SaudiFederation of Chambers of Commerce and Industry told Reuters on 21February that Saudi assets abroad have declined by around $30bn over the lasttwo years and are now around $420bn. Mr. Dabbagh attributed the decline in bothbank deposits and investments to either the repatriation of funds or losses atthe hands of the market. Mr. Dabbagh also urged the Saudi...
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