VOL. XXXVIIINO. 1616-JANUARY-1995
Financial and Banking News
New Electricity Prices Will Bring Saudi Arabia $500Mn, Minister Says
Increased electricity prices in the Saudi budget for 1995 will raiseSR1.5bn-2bn ($400mn-533mn) in new revenue, Industry and Electricity Minister 'Abdal-'Aziz al-Zamil said on 11 January. He said that the actual amount woulddepend on customers' response to the new prices. The new money will be used toexpand the electricity network and to fund new...