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FINANCIAL NEWS
Saudi economy expands to labor market in Q1
04 Jul 2014
(MENAFN) Saudi economic growth stood at 4.7 percent in the first quarter of the current year as labor market measures curbed activity in some sectors, but the expansion was still stronger and more widespread than growth a year ago, according to Arab News.
In the fourth quarter of 2013, the kingdom’s economic growth reached 5.0 percent, but the expansion was still stronger and more widespread than growth a year ago.
Fahad Al-Turki, head of research at Jadwa Investment in Riyadh said: “It is certainly the change in the labor market affecting the annual growth.”
He added: “(But) the quality of growth is improving. It’s spread over more sectors than the top three.”
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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