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FINANCIAL NEWS
Iraq issues 2017 budget deficit at USD42 barrel
28 Sep 2016
(MENAFN) Iraq issued next year’s budget, which is assumed that the country will be exporting more crude and at a higher price than in recent months.Moreover, the OPEC nation predicts to sell 3.75mn barrels per day of crude at a price of USD42 a barrel.However, the 2017 budget project a decline in spending to USD77.51bn, reflecting the sharp drop in oil prices and revenues since 2014.On the other hand, the government’s crude oil ran at a rate of 3.23mn barrels per day in August, selling at average price of USD39.25 per barrel.
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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