We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Poor enforcement

6 October 2009 By Una Galani

The troubled conglomerate is prioritising local creditors as it moves to settle a $20bn dispute. For foreign lenders, it’s another tough lesson about the riskiness of the region. The Saudi authorities endorsement of the deal will only further weaken confidence.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)