Tuesday 2 September 2014
 
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Saudi telecom, IT spending to hit $28bn

Saudi Arabia’s telecom and IT spend is set to reach SR108.7 billion ($28.9 billion) this year, an increase of six per cent as compared to SR102.6 billion last year, said a report. An IDC market research firm study found that

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Sharp rise in Qatar infrastructure spending

Qatar's spending on infrastructure projects showed a sharp rise last fiscal year, with country accelerating the pace of work on 2022 World Cup projects.  

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Qatar spending up 13pc, slowest in 11 years

Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed o

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400 experts to discuss GCC banking sector’s IT spend

More than 400 C-level executives, IT experts, retail banking specialists and finance heads are set to attend a leading banking technology summit in Dubai in September.   The

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ME vistors spent $2.7m at Brazil Fifa World Cup

The visitors from the Middle East who are in Barzil for the 2014 Fifa World Cup have spent more than $2.7 million since the tournament kicked off, said a report released by leading payments company Visa. The UAE ranks 30th in the

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Ramadan adverts spend to top $12m in Bahrain

Advertising spend in Bahrain during Ramadan is expected to top $12 million, a top industry official has said.   According to International Advertising Association Bahrain Chapter chairman and International Advert

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Air travel spending hits $621bn so far this year

Air passengers have spent an estimated $621 billion so far this year, according to the International Air Transport Association’s (Iata) mid-year performance report.   It also estimated that the value of int

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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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