Entries by Barry Prost

Saudis to spend $9.6bln on entertainment by 2030, authority says

The entertainment industry in Saudi Arabia is poised to boost diversification of the state’s revenues with consumer spending on the sector expected to reach 36 billion Saudi riyals ($9.6 billion) by 2030, a Saudi official said. Speaking at the World Government Summit in Dubai, Faisal Bafarat, the chief executive officer of the Saudi General Entertainment […]

Construction, tourism and jobs growth boost Dubai’s economy

Dubai’s economy recorded stronger business activity in January on the back of faster output and new orders, driven by the construction, travel and tourism and retail sectors. Emirates NBD’s Dubai Economy Tracker Index rose to 56.0 in January mainly on the back of faster output and employment growth after easing in the previous month. The […]

Bahrain retail sector ‘valued at more than $5.8bln’

Country’s retail sector has been growing steadily over the past decade at an annual rate of 13% MANAMA: Bahrain’s retail market is valued at more than BD2.2 billion ($5.8bln) per year and the sector outlook is positive for 2018 and beyond, finds a new study by KPMG. Another key finding of the study highlighted in […]