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FINANCIAL NEWS
Lebanon predicts negative growth in 2016
06 Mar 2016
(MENAFN) Head of Beirut traders association Nicolas Chammas expects a negative increase in 2016, while the retail sector is revolving under the recent political crisis.
In addition, the country’s economic performance in 2015 reached its lowest point, while this year will be even worse given the fast negative development in Lebanon.
Economist and experts fear that KSA, UAE and Qatar could take punitive measures against Lebanon like expelling a huge number of Lebanese expatriates working there.
Moreover, there are 500,000 Lebanese working in the GCC and the remittances they send to Lebanon annually are almost USD 5bn.
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BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
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BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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