Kingdom’s revenues increase

RIYADH, 7 July — Finance Minister Dr. Ibrahim Al-Assaf disclosed yesterday that there has been an increase in the Kingdom’s revenues during the past six months compared to the projections made in the general budget. Speaking to Arab News, he said there was no plan at the moment to sell state shares in Saudi Basic Industries Corporation and Saudi Electricity Company. He said the government had made substantial progress in selling its shares in joint ventures with other countries. Al-Assaf said his ministry will present the 40-proposals made by an international working panel to combat money laundering to the Council of Ministers for endorsement.