VOL. XXXVIII
NO. 38
19-JUNE-1995
Financial and Banking News
Public Finance
Liquidity Returns To Saudi Arabia
The news that the Saudi cabinet has authorized payments to a group ofcontractors who have carried out operations and maintenance work on Jubail cityand Yanbu' power and water stations is a further indication that the creditsqueeze of 1993 and 1994 is at last coming to an end. The government's budgetfor 1995 was drawn up on the basis of an oil price of $14/B, and the fact thatprices have...
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