Academic journal article The Middle East Journal

Chronology: Saudi Arabia

Academic journal article The Middle East Journal

Chronology: Saudi Arabia

Article excerpt


Oct. 16: The Dutch-owned NCM Credit Insurance, responsible for four-fifths of all British short-term export credit insurance, announced it would restrict such insurance for companies doing business in Saudi Arabia, because of Saudi Arabia's "very grave" financial situation and payment delays. [10/26 FT]

One hundred and thirty of the 17 alleged Islamists who had been detained since 26 September were released, according to government sources. The London-based Committee for the Defense of Legitimate Rights (CDLR) stated that 1,500 alleged Islamists had been arrested. [10/18 FBIS]

Oct. 23: In Riyadh, three Philippine nationals held hostage Yussef al-Rajhi and demanded $10 million, weapons, and transportation to an undisclosed place. Al-Rajhi's two-month-old son, a maid, and driver were killed. and his wife and other son wounded by the captors before police stormed the villa, killing one captor and wounding the others. [10/24 FT]

Oct. 25: The Wall Street Journal reported that Saudi Arabia's $6 billion order for commercial aircraft from Boeing and McDonnell Douglas Corporation placed in February had been substantially delayed due to Saudi financial problems. [10/25 WSJ]

Oct. 26: France announced that Coface, the French export credit agency, had established more stringent terms for providing export credit guarantees to companies dealing with Saudi Arabia, and would only approve short-term credit insurance on a case-by-case basis. …

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