07 Jan 2015
(MENAFN) Saudi Arabia’s King Abdullah said that the country will deal with the challenges that the continuous drop in oil prices will pose on Saudi with a strong will, Arabian Business reported.
“You cannot be blind to the tensions in the global oil markets… these are not new developments and we have dealt with it in the past with a firm will and wisdom… and we will deal with the new developments in the same vein,” The King said in a speech that the Crown Prince read on his behalf
The World’s top oil exporter said that the lower prices were caused by many factors, of which the most important was weakness in the global economy, adding that Saudi Arabia had faced similar market conditions before.
The King’s speech comes after Saudi Arabia saying last month that it does not plan to cut output even if non-OPEC nations did so.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
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
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more