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FINANCIAL NEWS
Gulf markets predict 2016 to be better
02 Jan 2016
(MENAFN) Saudi Arabia, Dubai, Egypt and other local bourses were caught in an emerging market fall this year and the Gulf was hit by shrinking oil incomes.
Gulf governments begin to reduce spending in response to cheap oil, which will hurt economic increase next year.
Additionally, expensive equities valuations decreased to more levels; Saudi Arabia’s market is trading almost 13 times this year’s estimated earnings, Egypt at 10 times.
Reforms to state spending, energy subsidies and tax systems in Gulf States may put them on a sustainable financial footing.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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