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FINANCIAL NEWS
Elect production to cost Saudi 3.2mn barrels of oil
13 Sep 2016
(MENAFN) The growth of electricity consumption by 2020 will cost Saudi Arabia almost 3.2mn barrels of oil per day.
A study framed recommendations in a way that considers the prospective future and taking advantage of resources for the development of alternative energy.
In addition, Vision 2030 is aimed to add 9.5 Gigawatts of renewable energy to local production by 2023 and nationalizing a large proportion of renewable energy.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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