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FINANCIAL NEWS
Middle East calls for USD1.6 trillion oil, gas investment
08 Oct 2013
(MENAFN) CEO of Crescent Petroleum and Vice-Chairman of the Crescent Group Majid Jafar said that oil and gas sector in the Middle East needs the private sector investment to support governments and national oil companies, according to Saudi Gazette.
The investment will be needed to meet the increasing demand on energy in the Middle East.
Oil and gas sector needs a total of USD1.6 trillion investment over the following quarter century to cover the regions demand on energy, that is USD65 billion each year.
Energy demand in the Middle East is expected to reach 15.5 million barrels oil equivalent per day in 2020, up from 12.5 million barrels oil equivalent per day in 2010.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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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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