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Company CEOs 'planning big IT spend'More than 52 per cent of company CEOs and senior business executives have a digital strategy ready and plan to boost their IT investment in 2013, according to a recent survey by Gartner. 'The 2013 Gartner CEO and Senior Execut More… |
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Taqa plans to spend $2.2bn in 2012Abu Dhabi National Energy Company (Taqa), the energy and utility firm which is 75-per cent owned by the Abu Dhabi government, said it was on track to make capital expenditures of $2.2 billion this year. The Abu Dhabi firm said its net p More… |
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Saudi cosmetics spend seen at $2.66bnWomen in Saudi Arabia could be spending more than SR10 billion ($2.66 billion) on cosmetics annually in a few years from now, a report said. "The steady rise of beauty sector in the Middle East, with the biggest contribution from Saudi Ara More… |
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Mobile to claim 15pc of online ad spendThe total value of the global mobile marketing market in five years will correspond to 15.2 per cent of the total online advertising market or 3.8 per cent of the total global ad spend for all media, said a report. This will correspond to More… |
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Kuwaiti firm to spend $1bn on Egyptian portKuwaiti logistics firm KGL plans to spend $1 billion on Egypt's Domiat Port once work resumes in the halted project, KGL's chairman said in published remarks. 'The company till now spend $260 million on Domiat's project and More… |
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Mena construction spend seen at $600bnAn estimated $600 billion will be spent in the construction and infrastructure industries in the Mena region over the next three years, said the organisers of an upcoming infrastructure event in Abu Dhabi. Organised by Clarion Events Middl More… |
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70pc of firms will spend more on climate changeSeventy per cent of firms with revenue of $1 billion or more say they plan to increase spending on climate change initiatives in the next two years, a global survey reported on Tuesday. Nearly half of the 300 corporate executives who respo More… |
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Microsoft CFO sees boost from tech spendMicrosoft is expecting a boost this quarter from a rebound in business tech spending, likely outweighing negative effects from turmoil in Europe, said the software giant's chief financial officer. The broad recovery in the economy and risi More… |
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Abu Dhabi group eyes $3bn tech spendAbu Dhabi government-owned Advanced Technology Investment Company (ATIC) plans to spend $2 to $3 billion this year in capacity expansion as it eyes a larger share of the global contract chip industry. ATIC chief executive Ibrahim Ajami tol More… |
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UAE to spend $14.6bn on fitout projectsThe UAE is expected to spend Dh53.8 billion ($14.64 billion) on interior design contracting and fit-outs by 2010, which reflects a significant increase from the 2008 levels, revealed a recent industry study. Amidst the recession, the UAE r More… |
