VOL. XXXVII
NO. 17
24-JANUARY-1994
Financial and Banking News
Budgets & Revenues
Saudi Arabia Nears Agreement To Postpone Defense Payments
Saudi Arabia is close to an agreement with its major US arms suppliers on adeferral of payments due over the next two years. Initial proposals have focusedon a scheme whereby Saudi Arabia will pay its five major suppliers $1.5bn ineach of 1994 and 1995. The contractors will cover the difference between thisand what they were due to receive by raising loans...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!