Friday 21 July 2017
 
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Spending

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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Education, military spending take top spots in Saudi budget

Education and military expenditures take the top two spots in Saudi Arabia's 2017 budget, which estimates a spending of SR890 billion ($237.3 billion), an 8 percent increase from 2016.   Revenue is projected

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Saudi approves $237bn budget for 2017; deficit cut

Saudi Arabia's Cabinet, which met today under the chairmanship of King Salman bin Abdulaziz Al Saud, has approved a SR890 billion ($237.28 billion) budget for the next year. The budget envisages an 8 per cent increase in spend

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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

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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

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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

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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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