Riyadh, Saudi Arabia --Consumer spending in Saudi Arabia grew by 8 percent to SAR 111.5 billion ($29.73 billion) in November 2023 from nearly SAR 103.3 billion during the same month a year earlier, according to the Saudi Central Bank's (SAMA) monthly bulletin. Consumer spending includes total cash withdrawals, point-of-sale (POS)...

Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia grew 8 percent to SAR 115.4 billion ($30.76 billion) in August 2023, from nearly SAR 107.1 billion during the same month last year, Argaam reported. Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales through "Mada". POS transactions rose 10...

Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia increased 2 percent to SAR 104.6 billion ($27.88 billion) in July 2023, from nearly SAR 102.97 billion during the same month last year, according to the Saudi Central Bank's SAMA monthly bulletin. Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce...

According to the TUIK state statics agency, the rate slowed from 39.6% in May. But a separate study released by independent economists from the ENAG group who question the official data put the June figure at 108.6 percent, up from 105.2% in May. The official rate has been steadily dropping...

Dubai, UAE-- Consumer spending in the UAE has shot up 19 percent in 2022 as against the previous year, according to Majid Al Futtaim's "state of the UAE retail economy" Q4 report. There was a notable 13 percent growth in spending across the retail economy for the full year including,...

Istanbul, Turkey -Turkey’s economy posted 5.6 percent growth in 2022, growing faster than expected last quarter as the government ramped up spending ahead of elections. Gross domestic product rose 3.5% in the October-December period from a year earlier. Growth for the whole year was 5.6%, state statistics agency TurkStat data...

Riyadh, Saudi Arabia--Saudi Arabia’s economic growth is expected to accelerate by 3 percent in 2023 backed by a robust non-oil sector.  According to a forecast by Riyad Capital, the output from this part of the economy will rise by 5 percent this year. The growth will be driven by a...

PARIS, FRANCE -  Governments should urgently adapt their health systems to better respond to future shocks, given the huge impact of the COVID-19 pandemic on people and the global economy. Major investment is needed in the health workforce, alongside increased spending on prevention and digital infrastructure, according to a new...

Revenue rose as countries boost military spending.

US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping off the year on robust imports and strong spending. The overall trade gap grew US$103 billion from 2021 to $948.1 billion last year, according to Commerce Department data, on a...

Businesses must remain prepared for the ‘whatever’ scenario. Cloud computing will continue to evolve, with best practise bound to change. If enterprises become data-centric now, both on the cloud and on-premises, they’ll be ready for whatever the future throws their way, he adds.

Both Gulf countries reported an increase in non-essential spending from 2021 to 2022, with the expectation that this trend will continue into 2023, says an expert.

Consumers in the Gulf country plan to adjust their lifestyle by reducing their household and miscellaneous expenses over the next three months, a latest survey points out.

EU leaders meeting in Prague looked to bridge divisions on how to tackle soaring energy prices as they grapple with the fallout from Russia's war on Ukraine. President Volodymyr Zelensky was dialling in from Kyiv as the bloc looks to maintain its economic and military support for Ukraine and hold...

Real-time shopping platforms accessible via multiple channels and featuring high-definition live streaming as well as personalized services are boosting client engagements.

Saudi Arabia has seen a staggering increase in the award of construction contracts to the tune of  $12.3 billion in the first quarter of 2022.

Most stocks fell Tuesday after a Wall Street sell-off fueled by fresh recession worries following a report that Apple planned to ease back on spending due to uncertainty over the economic outlook. While some are predicting inflation may have reached its peak, oil prices continues to hold its strength, despite...

Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and contributing to the stagnation of global GDP. At the same time, persistently high food inflation will reduce and delay the fall in headline inflation, the Qatar National Bank report said.

The spending through the month of April has been widespread, including a broader increase in sales volume and a diversification of family-oriented retail options that enhance the prosperity of the local market.

The International Data Corp. has predicted Saudi spending on information and communications technology to touch $33 billion in 2022, a growth of 2.3 percent.

Under the new 2022-2026 tourism strategy, the country also aims at an average daily visitor spend of 74.8 Bahraini dinars and raising the average tourist stay to 3.5 days.

Saudi Arabia expects to post a deficit of 2.7% of gross domestic product this year and to reduce it further next year, to 1.6% of GDP, it said in a preliminary budget statement for 2022.

Saudi Arabia has succeeded in saving nearly $133.3 billion during the last four years by virtue of efficiency and budgetary discipline, according to the kingdom’s Finance Minister Mohammed Al-Jadaan.

Jordan’s revenues during the first five months of 2021 went up by JD848.9 million, registering an increase of 38 per cent compared with the same period in 2020.

73 percent of consumers have admitted to changing their shopping habits The spending power of people has taken a big hit due to Covid The coronavirus pandemic has seen a drastic shift in consumer behavior in the world and the United Arab Emirates (UAE) has been no different in this...