NO. 37


Financial and Banking News

Economic Policy

King Fahd Rebuffs Criticism Of Saudi Economy, Supports Privatization

In a major interview with the Middle East Broadcasting Center (MBC), KingFahd ibn 'Abd al-'Aziz has rebuffed recent criticism of Saudi Arabia's economicperformance and reiterated his government's intention to privatize state-ownedindustries. The King noted that some foreign observers had displayed some biasin their reporting of the Saudi economy. He said...