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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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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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