spending

Tourism spending in Saudi Arabia saw an annual increase of 23 percent in the first three months of the year, hitting SR45 billion ($12 billion), according to new figures. Data released by the Saudi Central Bank showed that the balance of…
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The Kingdom achieved a 22.9 percent growth in spending by visitors from abroad during the first quarter of 2024 compared to the first quarter of 2023, with total spending exceeding SR45 billion ($12 billion). It also achieved a surplus…
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Saudi Arabia’s point of sales spending reached around SR53 billion ($14 billion) in April, registering a 3 percent rise compared to the same month last year, latest data revealed. Figures from the Saudi Central Bank, also known as SAMA,…
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Saudi Arabia’s point-of-sales spending reached SR11.65 billion ($3.11 billion) in the third week of May, official figures showed. The latest data from the Saudi Central Bank, also known as SAMA, revealed that spending on beverages and…
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Cafe and restaurant visits by Saudis helped fuel a 13.35 percent annual spending increase across the Kingdom in November, according to. the central bank. Data released by the institution, also known as SAMA, showed the total of…
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Congressional leaders have reached an agreement on topline spending levels for the current fiscal year that could help avoid a partial government shutdown later this month. The agreement largely hues to spending caps for defense and…
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Travel spending in Qatar surged 28 percent year-on-year to 13.1 billion Qatari riyals ($3.59 billion) in the first quarter of 2023, driven by a boom in social, cultural and other activities. According to the balance of payments data…
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Egypt expects to raise its allocation for food subsidies by 20 percent and for petroleum products by 24 percent in the 2023-24 fiscal year, according to a draft budget approved by the cabinet on Wednesday, Reuters reported. The budget…
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China will boost defense spending 7.2 percent this year, slightly outpacing last year’s increase and faster than the government’s modest economic growth forecast, as Premier Li Keqiang called for the armed forces to boost combat…
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Mexico and Norway’s central banks have chosen to hike rates, while their Israeli counterpart predicts it too could introduce a quicker rise than expected. The Swiss central bank meanwhile is holding firm on lifting the world's lowest…
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