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FINANCIAL NEWS
Saudi to cut outbound tourism spending by 50 percent
12 Jul 2016
(MENAFN) Spending on outbound tourism will be cut by 50 percent, whereas the number of Saudi tourists leaving the country recorded an increase of 39 percent in 2015.
Additionally, the upward trend of out-bound tourism was attributed to a number of factors involving soaring prices and low level of services.
Accordingly, some 4.5mn Saudi tourists spent almost USD35bn last year in foreign countries, which will increase to more than USD100bn in 15 years.
Meanwhile, the volume of money spent on the outbound tourism touched USD25.62bn last year compared to USD18.46bn in 2014.
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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
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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