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FINANCIAL NEWS
Saudi economic position to remain positive this year
24 Nov 2016
(MENAFN) Financial alliance, linked with improved non-oil revenues will mean a smaller-than-anticipated fiscal deficit in Saudi Arabia in this year and in 2017.
Furthermore, the commencement of a global sovereign bond issuance program will have a dual benefit of protecting FX reserves and cutting pressure on local liquidity.
Accordingly, along with the global bond issuance, many other efforts by the government have halted the sharp rise in the cost of funding.
In addition, the country predicts that overall GDP growth will reach 1.1 percent and 0.6 percent in 2016 and 2017, with oil sector GDP growing by 2.1 percent.
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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
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