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FINANCIAL NEWS
Saudi hits sustained economic growth in July
02 Sep 2014
(MENAFN) Jadwa Investment said that Saudi economic indicators show a sustained developmental growth in July, Saudi Gazette reported.
The economic data for July was strong with the non-oil PMI expanding at the fastest rate since September 2012.
Consumer spending also remained robust. Cement production and sales declined on the back of seasonal trends, but also due to changes in labor market.
Moreover, total bank deposits hit a new all-time high above USD400 billion for the first time in July. The prospect of higher interest rates in the US has pushed the annual growth of time and saving deposits to a six-year high.
More News
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
08 Jul 2025
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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