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FINANCIAL NEWS
Saudi inflation falls to 5.9% in September
12 Oct 2010
(MENAFN) The Saudi Press Agency reported that the Kingdom’s inflation has declined to 5.9 percent in September from 6.1 percent a month earlier, on lower food and beverage prices in the Arab world�s biggest economy.
Food and drink inflation slowed to 7.5 percent from 8 percent in August. On the month, prices rose 0.5 percent.
Saudi Arabia�s economy is expected to grow 3.5 percent this year as it benefits from the government�s $400 billion, five- year investment package announced in late 2008 and higher oil prices, the central bank’s governor said in September.
The central bank last year cut the repurchase rate to 2 percent, the lowest since 2004, and the reverse repurchase rate to 0.25 percent.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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