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FINANCIAL NEWS
GCC countries to increase economy by USD 36bn
22 Mar 2016
(MENAFN) GCC states have to accelerate the creation of growth drivers that don’t rely on oil revenues, if the GCC to become one single market instead of six separates.
Moreover, if it will grow at an annual rate of 3.2 percent for the 15 coming years, it could become the sixth largest economy in the world by 2030.
Accordingly, the countries are exploring options and taking decisions like opening up to foreign investors, ending subsidies, introducing taxation and cutting jobs.
The benefits will spread through all six countries, with the strongest gains in the UAE, KSA, Bahrain and Oman, with increase in GDP between 3.5 and 4.1 percent.
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
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04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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