Thursday 23 November 2017
 
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Halal travellers 'top international tourism spenders'

Muslim travellers are the biggest spenders when it comes to international travel, with studies showing a halal traveller spending about $10,410 on average per trip outside the Gulf. Halal tourists are proven to travel with more fa

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Regional outbound travel spend to hit $110bn by 2025

Expenditure on outbound travel from the Middle East is expected to reach $110 billion by 2025, recent reports show. Highlighting the buoyant outbound travel market, data from various reports have shown that outbound business and l

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Consumer experiences drive spending at DSF

Consumer spending on experiences, rather than more traditional sectors like fashion retail and luxury goods, saw the biggest growth during the first two weeks of Dubai Shopping Festival (DSF), revealed global payments technology company Visa.

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Oman oilfield ICV spend targeted at $3.5bn

Oman’s oilfield in-country value (ICV) generation has been targeted at about 32 per cent of the sector's total oil and gas expenditure in the year 2020, which roughly equates to $3.5 billion, according to a report.  

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Smokers burn $392m a year in Bahrain

Smokers in Bahrain spend approximately BD148 million ($392.8 million) a year, according to a survey. A smoker spends an average of BD2 for two packs of cigarettes daily, while the number of smokers in the country is estimated at 206,000, repre

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ME security market spend to surge 36pc

The spending on the Middle East physical security market is set to surge 36 per cent this year, as infrastructure investment coupled with increased urbanisation fuels demand for equipment to protect critical assets and people, according to new

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Luxury goods-real estate London link in focus

There is a correlation between luxury goods and residential real estate sales in London due to purchasing by the same high-net-worth spenders from resource rich countries in the Middle East, Asia and Africa, according to a report.

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Luxury goods-real estate London link in focus

There is a correlation between luxury goods and residential real estate sales in London due to purchasing by the same high-net-worth spenders from resource rich countries in the Middle East, Asia and Africa, according to a report.

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World downstream maintenance spend to hit $322bn

The expenditure for global downstream asset maintenance is set to hit $322 billion between 2015 and 2019, up 12 per cent when compared to the previous five-year period, said a report. In 2014, the spend totalled $63 billion for th

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World downstream maintenance spend to hit $322bn

The expenditure for global downstream asset maintenance is set to hit $322 billion between 2015 and 2019, up 12 per cent when compared to the previous five-year period, said a report. In 2014, the spend totalled $63 billion for th

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