Sunday 22 January 2017
 
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Spending

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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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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