VOL. XXXVII
NO. 19
7-FEBRUARY-1994
Financial and Banking News
Budgets & Revenues
Saudis Agree Rescheduling Terms With US Defense Suppliers...
Saudi Arabia and its five major US arms suppliers have signed an agreement torestructure $9.2bn in payments due over the next two years. The US DefenseDepartment was also a signatory to the agreement, which was concluded on 29January. Under the terms of the rescheduling, Saudi Arabia will pay the fivemanufacturers $1.5bn directly in cash in each of the...
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