Sunday 20 April 2014
 
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Qatar to spend $182bn on new projects

Qatar plans to invest around QR664 billion ($182.3 billion) in infrastructure, excluding projects in oil and gas sector, in the next five years, Sheikh Ahmed bin Jassim Al Thani, the Minister of Economy and Trade, was quoted as saying.

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Ultra wealthy to spend more on luxury goods

The spending of ultra-high-net-worth individuals (UHNWIs) on luxury goods is set to increase globally this year, said a survey. The Wealth Report’s Attitudes Survey found that over a third of the wealth advisors expected the

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Ad spend to spur print sector’s growth

The regional printing industry is expected to hit $5 billion with a surge in advertising spend, apart from the rise in investment in the run up to the World Expo 2020, said a senior official. Print accounted for nearly three-fourt

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Bahrain govt urged to get tough on public spending

Bahraini MPs yesterday urged the government to be more accountable in how it spends public money amid claims of secrecy, overspending and potential mismanagement. It is the seventh closing budget statement in a row that has been r

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GCC healthcare spending to grow 11pc

The GCC healthcare industry spending is set to increase by 11.4 per cent from 2010 to 2015 propelled by demographic and macroeconomic factors in the region, said a report. The main growth drivers of the industry include the region

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E-commerce spend in Saudi to hit $13bn

E-commerce market share in Saudi Arabia will hit SR50 billion ($13.3 billion) by 2015, said a report. About one in four Saudi Internet users are already active in e-commerce, and they visit about 70 million e-commerce pages per mo

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Qatar infrastructure spend to boost Barwa Bank profit

Barwa Bank, a sharia-compliant Qatari lender, expects a sharp increase in its 2013 net profit, driven mainly by billions in infrastructure spending by the state and growth in its debt advisory and asset management business. "

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UK music tourism spend hits $3.5bn

About 6.5 million music loving tourists attended a festival or gig last year in the UK, generating a spend of £2.2 billion ($3.5 billion), said a report. The report released this month, by UK Music and VisitBritain, looked i

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Saudi, UAE women spend $135 on beauty goods

A quarter of women in Saudi Arabia and the UAE spend up to $135 per month on beauty products, according to a new research. Brand reputation and peer-to-peer recommendation have been identified as the main factors driving the growt

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Telecom industry IT spend to touch $60bn

The global telecom industry’s IT spending will reach $60 billion in 2017, driven by investments in packaged software and system integration, according to analyst firm Ovum. Spending in emerging markets in Asia-Pacific, the M

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