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Saudi project capex to hit $71bnThe capital expenditure for the upcoming projects in Saudi Arabia is poised to hit SR269.7 billion ($71.6 billion) in 2013, registering a modest two per cent increase over SR264 billion last year, said a report. The government&rsq More… |
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Saudi Electricity 2013 capex near $10bnSaudi Electricity Company (SEC) will have capital expenditure needs of nearly $10 billion next year, a senior executive said on Tuesday, and the state-controlled utility may tap debt markets to raise some of the funds. SEC, the Gu More… |
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Mena IT spending to top $20bn in 2012The Middle East region’s expenditure on Information Technology (IT) is poised to cross $20 billion in 2012 registering a growth rate of over 10 per cent, on the year on-year average, according to a report. The network securi More… |
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Bahrain's advertising spend hits $46m in H1Advertising expenditure in Bahrain during the first six months of this year amounted to $46 million, the Pan Arab Research Centre (PARC) has announced. However, it is likely that activity has since increased during July and August More… |
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Bahrain sees big mobile expenditure cutThe average monthly spending on mobile services has decreased in Bahrain since 2007 as competition intensifies between mobile services providers, with the greatest expenditure cut experienced by large businesses, said a survey. The survey More… |
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DuPont sees strong long-term growthDuPont, one of a leading market-driven science companies, expects full-year 2011 sales to be up about 20 per cent, with double digit increases in most segments, said a top official. “DuPont expects nearly $12 billion of revenue from produc More… |
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41pc ME professionals 'save nothing'Some 40.9 per cent of Middle East professionals save nothing from their household income, with the biggest non-housing expenditure being food (40.8 per cent), according to the latest online poll series conducted by the Middle East’s job site Bayt. More… |
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Saudi real estate expenditure up 13pcSaudi Arabia is poised to sustain a 13 per cent annual jump in government real estate expenditure, driven by a rapidly increasing population and surging demand for residential and commercial properties, said an expert. In 2010 alone $29 bi More… |
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Egypt reins in planned spending in coming yearEgypt's government tweaked its draft budget to cap an increase in state expenditure in the coming fiscal year after it withdrew plans for a tax on company dividends, figures indicated. The government sees spe More… |
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Oman to boost expenditure by 9pcOman will raise state expenditure by 9 per cent to RO7.18 billion ($18.65 billion) in 2010 as the Gulf state's revenues are expected to rise 14 per cent, the country's economy minister said on a state website. Ahmad bin Abdul-Nabi Mekki sa More… |
