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FINANCIAL NEWS
Saudi non-oil sector continues to develop
08 Jun 2016
(MENAFN) Saudi economy slowed in April, while the non-oil PMI jumped to near record lows, but continued to an expansion in the non-oil economy.
Furthermore, the net change to government accounts posted its first grow in 4 months, increasing marginally by USD 0.37bn.
In addition, annual growth in bank on the public sector increased by 88.3 percent in April, owing to the large sovereign bond issuance to banks during the month.
On the other hand, inflation reached 4.2 percent in April, recording slowdown from 4.3 percent in March.
More News
17 Sep 2025
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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