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FINANCIAL NEWS
Saudi Arabia economy to recover by 2017
31 Jul 2016
(MENAFN) Saudi Arabia’s GDP growth is forecasted to slow to 1.2 percent this year, but will recover to 2 percent in 2017.
Additionally, inflation grew in recent months to more than 4 percent an energy and water prices increased and will ease to 2 percent in 2017.
However, the fiscal deficit is predicted to narrow to 13 percent of GDP this recent year, while non-oil revenues are predicted to grow.
On the other hand, the recent account deficit will narrow to 6.4 percent of GDP and will move to balance by 2021 as oil prices partially recover.
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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