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FINANCIAL NEWS
Saudi Arabia oil sector enlarges by 5.1 percent
05 Jul 2016
(MENAFN) Saudi Arabia’s economy expanded as its slowest rate in three years among Q1 of this year to reach 5.1 percent.
Moreover, the oil sector surpassed 5.1 percent in the cited quarter as the kingdom grew its production of crude and exported more refined products.
However, the non-oil sector dropped 0.7 percent, its lowest performance in at least five years.
Additionally, within the non-oil part of the economy, the private sector grew by 0.2 percent in Q1, whereas the government sector shrank 2.6 percent.
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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