Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
28-08-21
Saudi Arabia’s economy to expand faster for 2021
(MENAFN) Jadwa Investment reported that as non-oil industries cary on their recovery from the pandemic, Saudi Arabia’s economy is going to increase faster than the estimation of the current year.
Jadwa further declared that GDP will grow by 1.8 percent in 2021, a revision from a last prediction of 1.3 percent. Non-oil improvement is going to stand at 3.5 percent, led by the non-oil private sector that Jadwa witnesses incraesing 4.4 percent, in comparison to a last prediction of 3.1 percent.
It also stated that “Whilst the rebound is no surprise, some sectors have performed better than anticipated.” The increase in the non-oil sector was due to the support of activities in real estate, manufacturing, wholesale and retail, and restaurants and hotels.
Jadwa estimates oil sector GDP “being marginally down year-on-year, at -0.7 percent,” unchanged from its last outlook, regardless of the overall improvement in GDP.
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us