VOL. XXXVII
NO. 37
13-JUNE-1994
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...
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