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FINANCIAL NEWS
GCC growth to decline by 1.8 percent
16 May 2016
(MENAFN) Growth in the GCC is predicted to drop from 3.3 percent in 2015 to reach 1.8 percent this year.
Moreover, the Saudi economy expected increase by 1.2 percent, Qatar at 3.4 percent, Oman at 1.8 percent and Bahrain economy at 2.1 percent.
Additionally, growth in advanced economies is forecasted to stay modest, in line with 2015 outcomes at 1.9 percent this recent year.
On the other hand, demand for local and government credit increased, up 8.1 percent year on year in Feb 2016.
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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