Tuesday 13 November 2018
 
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Spending

UAE increases annual spending by 15.6pc

The UAE adopted a general expansionary fiscal policy during the first quarter of 2018 and increased its overall annual spending by 15.6 per cent due to the recovery in oil prices, which led to increased proceeds from petroleum-based products.

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UAE tops global halal tourism with $17.6bn spend

The UAE ranks highest globally in halal tourism spending with an estimated $17.6 billion spent by Emirati residents outside the country during 2017, a report said. Saudi Arabia and Kuwait ranked second and third, respectively,

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Arab tourists are the 'highest spenders' in the region

Arab tourists account for the highest bracket of spending in the region with the average spending of a five-day trip totalling at least $4,500, far exceeding the amount spent by foreign tourists for the same trip, which amounts to $300.

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Oil revenues drive Saudi fiscal improvements

Tight spending and oil revenues drove Saudi Arabia’s fiscal improvement in the first half of the year, said a report published by Bank of America Merrill Lynch (BofAML). The fiscal deficit in the second quarter of 2017 (2Q17

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Oil revenues drive Saudi fiscal improvements

Tight spending and oil revenues drove Saudi Arabia’s fiscal improvement in the first half of the year, said a report published by Bank of America Merrill Lynch (BofAML). The fiscal deficit in the second quarter of 2017 (2Q17

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UAE consumer spending set to top $261bn

Consumer spending in the UAE, which amounted to nearly $183 billion in 2016, is forecast to rise at a compound annual growth rate (CAGR) of 7.5 per cent over the next five years to exceed $261 billion in 2021, a report released by the Dubai Cham

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Global IT spending to grow 2.4pc in 2017

Worldwide IT spending is projected to total $3.5 trillion in 2017, a 2.4 percent increase from 2016, according to Gartner, Inc. This growth rate is up from the previous quarter's forecast of 1.4 percent, due to the US dollar d

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Chinese tourists spent 12pc more in outbound travel

China continues to lead international outbound tourism, as international tourism expenditure from that country grew by $11 billion to $ 261 billion, an increase of 12 per cent, as reported in the latest UNWTO World Tourism Barometer.

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UAE ranks as world’s fastest-growing theme park market

The UAE is the dominant market in the Mena region for theme park visitor spending, which is set to grow six-fold from $105 million in 2016 to $637 million by 2020, according to a report by the International Association of Amusement Parks and Att

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Qatar to boost spending on smart infrastructure

Qatar is currently spending $500 million a week on capital projects in preparation for its ambitious Fifa World Cup 2022 extravaganza and over the next five years it is set to boost its expenditure on smart infrastructure developments, said a re

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