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FINANCIAL NEWS
Kuwait non-oil growth improves at 4-4.5pct
18 Sep 2016
(MENAFN) Kuwait”s non-oil economy maintained a healthy pace of growth, while oil prices remained more than half their levels of two year ago.
However, oil prices declined from over uSD100 per barrel, a sizeable fiscal surplus turned into a deficit.
On the other hand, the fiscal deficit is predicted to narrow by 2017 as the price of oil gradually improves.
It is expected that Brent will average almost USD45 a barrel this year before rising to USD55 in the coming year.
More News
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
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
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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