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Saudi’s ICT spend to grow SAR 43.7bn by 2020

  Saudi Arabia / EMIRATES BUSINESS KSA is the largest economy within the GCC and home to some of the most prominent companies in the region. However, the country’s economy is undergoing a transition to keep up with the challenging global macro-economic environment, as well as to meet the government’s Vision-2030 strategy. A recent study, estimates that Saudi Arabia’s ICT ...

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Turnbull readies key election budget

  Sydney / AFP Australia’s conservative government is pledging to drive economic and jobs growth when it hands down its budget on Tuesday, with an eye firmly on upcoming national elections that are shaping up to be a tight race. The budget is seen as a key test for Prime Minister Malcolm Turnbull, a former investment banker who ousted his ...

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China manufacturing index expands at slower pace

  Beijing / AFP China’s economic recovery stabilised in April, an official factory activity gauge showed on Sunday, as the property market recovered and credit grew. The Purchasing Manager’s Index (PMI), tracking activity in factories and workshops, rose for the second successive month, the National Bureau of Statistics said. The figure was 50.1 compared to 50.2 in March. But any ...

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