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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 launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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