Saturday 1 October 2016
 
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Spending

Saudi Aramco plans to spend $334bn in next 10 years

Saudi Arabia's state-owned oil giant Aramco plans to invest a total of about $334 billion by 2025, including spending on infrastructure and projects to maintain oil capacity, a senior Aramco official said on Monday. Abdulaziz

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Saudi Aramco plans to spend $334bn in next 10 years

Saudi Arabia's state-owned oil giant Aramco plans to invest a total of about $334 billion by 2025, including spending on infrastructure and projects to maintain oil capacity, a senior Aramco official said on Monday. Abdulaziz

More…

Saudi Aramco plans to spend $334bn in next 10 years

Saudi Arabia's state-owned oil giant Aramco plans to invest a total of about $334 billion by 2025, including spending on infrastructure and projects to maintain oil capacity, a senior Aramco official said on Monday. Abdulaziz

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UAE, Saudi millennials bigger spenders than global peers

Millennials are a large, influential and increasingly affluent group, are the fastest growing segment within the region, and in the UAE and Saudi Arabia, tend to be higher spenders than their global peers, a report said. Additiona

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Enjoy a 'secure' holiday with Mastercard

Whatever travellers are looking for from their vacation this holiday season, whether it’s sunshine, relaxation, adventure or exploration, having an experience that is hassle free, secure and enjoyable will be high on anyone’s priorit

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Millennial tourists generate over $180bn in tourism revenue

Millennial tourists generate more than $180 billion in annual tourism revenue, an increase of nearly 30 per cent since 2007, the United Nations had revealed. Highlighting this point, Mazagan Beach and Golf Resort, a leading touris

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Flagging non-oil business dampens outlook for Gulf

Economists have cut growth forecasts for most of the rich oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found. Last year, growth in the si

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Iraq to cut 2016 spending, take on billions in foreign debt

Iraq, pressured by lower-than-expected oil prices, will cut non-oil spending in its 2016 budget by 15 percent and take on several billion dollars in international debt, it said in a memo which the International Monetary Fund released on Thursday

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Big oil’s $45bn new projects signal spending revival

Two projects worth $45 billion announced this month show the world’s largest oil companies are regaining the confidence to make big investments, emboldened by rising crude prices and low costs that promise to trigger more expansion ahead.

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Global cancer drug spending to top $150bn by 2020

Worldwide spending on cancer medicines will exceed $150 billion by 2020, driven by the emergence of expensive new therapies that help the immune system to attack tumours, according to a global oncology report released by IMS Health Holdings on T

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