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FINANCIAL NEWS
Saudi’s GDP grows by 1.4pct in Q2
07 Oct 2016
(MENAFN) Saudi Arabia’s GDP grew by 1.4 percent in the second quarter of this year, logging its slowest level of growth since the first quarter of 2013.Moreover, the non-oil sector GDP posted a positive increase after dropping over the past two quarters.Saudi Arabian Monetary Agency pumped USD5.3bn in the banking system on behalf of government entities to ease the liquidity situation in the system.However, foreign reserves assets declined for the third month by 0.2 percent month-on-month in August, against a monthly fall of 1.2 percent.
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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