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FINANCIAL NEWS
Saudi foreign assets grow to USD 0.57tr
29 Jun 2016
(MENAFN) Saudi Arabia’s foreign assets increased in May for the first time in 16 months due to an USD10bn loan.
Moreover, Saudi Arabian SAMA’s net foreign assets jumped 0.1 percent to USD573bn, while foreign currencies and deposits rose to USD 198.48bn.
However, the International Monetary Fund predicts this year’s budget shortfall at 13.5 percent of GDP.
On the other hand, the price of Brent crude enhanced 3.2 percent in May, they remain below USD50 a barrel, and SAMA’s foreign assets are still down USD99bn.
More News
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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
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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
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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