Sunday 26 April 2015
 
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Mideast state spending throws lifeline to oilfield services

Oil majors may have slashed capital spending but national oil companies (NOCs) in the Middle East and North Africa show no sign of cutting investment, buoying oilfield services that the stock market has beaten down. Investors sold

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Key financial system helps avoid budget overspending

Bahrain’s Finance Ministry has said its Central Financial System (CFS) enables the avoidance of spending that exceeds allocated budgets. In a statement, the ministry said other benefits of the system include cost savings, av

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Saudi Arabia’s manufacturing sector IT spend to grow 7.5pc

Information technology (IT) spending in Saudi Arabia is increasing at the fastest rate across all countries in Central Europe, the Middle East, and Africa (Cema) region, according to the latest insights released today by International Data Corpo

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Saudi Arabia’s manufacturing sector IT spend to grow 7.5pc

Information technology (IT) spending in Saudi Arabia is increasing at the fastest rate across all countries in Central Europe, the Middle East, and Africa (Cema) region, according to the latest insights released today by International Data Corpo

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Mideast investors to spend $180bn in global real estate markets

Middle Eastern investors are set to spend $180 billion in global commercial real estate markets in the next 10 years, according to leading real estate consulting firm CBRE’s recent report. The ‘Middle East: In and Out&

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Saudi telecom, IT spending to hit $28bn

Saudi Arabia’s telecom and IT spend is set to reach SR108.7 billion ($28.9 billion) this year, an increase of six per cent as compared to SR102.6 billion last year, said a report. An IDC market research firm study found that

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Sharp rise in Qatar infrastructure spending

Qatar's spending on infrastructure projects showed a sharp rise last fiscal year, with country accelerating the pace of work on 2022 World Cup projects.  

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Qatar spending up 13pc, slowest in 11 years

Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed o

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400 experts to discuss GCC banking sector’s IT spend

More than 400 C-level executives, IT experts, retail banking specialists and finance heads are set to attend a leading banking technology summit in Dubai in September.   The

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ME vistors spent $2.7m at Brazil Fifa World Cup

The visitors from the Middle East who are in Barzil for the 2014 Fifa World Cup have spent more than $2.7 million since the tournament kicked off, said a report released by leading payments company Visa. The UAE ranks 30th in the

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