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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
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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