VOL. XXXVIIINO. 67-NOVEMBER-1994

Financial and Banking News

Budgets & Revenues

King Fahd Says Gulf War Has Caused Liquidity Shortage

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has said that the Kingdom hasmade great sacrifices for the Gulf states and that it was its duty to defend itsneighbors against Iraqi President Saddam Husain's threats, even if this meantpaying a high price. In a wide-ranging speech delivered on 29 October to Saudicivilians and military officers at the King Khalid...