Aside from Saudi Arabia, most Arab states before 1973 were too impo...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
Aside from Saudi Arabia, most Arab states before 1973 were too impoverished to be considered good credit risks. The sudden, almost overnight, revolution in their financial status was revealed in a controversial loan that Sir John Stevens secretly negotiated during the Yom Kippur War, in the fall of 1973. On October 6, Egypt, Syria, and Iraq attacked Israel.
chapter: 30. Sheiks