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FINANCIAL NEWS
Saudi’s oil sector grows by 5.1 pct
07 Aug 2016
(MENAFN) Saudi Arabia met many issues amid the past 18 months, both economically and politically, which were ended by the weakest economic expansion in Q1 this year.
Meanwhile, the GDP average of the sector increased by 1.5 percent on an annual basis among Jan- March period, following 1.8 percent growth in Q4, 2015.
Moreover, the Arabian Light crude prices amounted at USD30.6 per barrel during Q1 this year, playing a key role on the economy.
In addition, oil sector enlarged by 5.1 percent year on year in real terms, up from 4.5 percent in the last quarter.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
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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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