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FINANCIAL NEWS
Saudi’s economy remains stable
14 Jun 2016
(MENAFN) Saudi Arabia aims to reform its oil-dependent economy, as it introduces a credible path to achieve financial and economic diversification.
Furthermore, the kingdom will triple its non-oil revenue by 2020, whereas it will also reduce state handouts and subsidies.
Additionally, the five-year plan will cost almost USD 72bn to apply between this year and 2020.
The plan will help cutting the government’s reliance on oil, which has accounted for almost 90 percent of government revenue.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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