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FINANCIAL NEWS
Saudi Arabia defies low optimism economic projections
05 Nov 2015
(MENAFN) A latest in-depth conducted survey showed lower optimism levels for the Saudi Arabia’s firms over the current quarter amidst Crude oil prices which are estimated to stay flat during the cited quarter.
A significant plummet in emerging markets is pushing the world economy into its weakest development since the financial crisis, according to the data compiled by the International Monetary Fund (IMF).
As far as oil prices are concerned, it was pressured by the huge stock market sell-off, not to mention the Iran Nuclear agreement and the new supply that will be injected into the international market as a result.
Back to the Kingdom, it has maintained crude oil production above 10 million bpd as it hopes lower oil prices will stimulate Asian demand and hit competing production in the United States that is expensive to produce.
More News
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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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