Saudi weighs paying contractors with IOUs as oil slump continues

Saudi weighs paying contractors with IOUs as oil slump continues

by WorldTribune Staff, May 20, 2016 Saudi Arabia continues to suffer from a massive cash-flow problem amid the ongoing slump in oil prices and has been forced to consider handing out IOUs to contractors. Bloomberg reports that contractors “may receive financial instruments similar to a treasury bond which they could hold until maturity or sell on […]