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FINANCIAL NEWS
Saudi to have USD70.92 b budget surplus
27 Nov 2013
(MENAFN) Saudi Arabia is expected to have a budget surplus of USD70.92 billion this year, and the surplus is expected to continue over the following years as oil prices are above USD100 per barrel, according to Arab News.
Oil prices are expected to reach USD110 per barrel this year, said Eqtisadayah, Khalid Jamal, the CEO of EFG-Hermes (Saudi Arabia).
Al-Eqtisadayah also said the Gulf region is expected to be affected if the US reviewed its current quantitative easing policy.
More News
08 Apr 2026
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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