Saturday 12 July 2014
 
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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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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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