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FINANCIAL NEWS
Middle East ICT spending hits USD 212.9bn in 2016
02 Mar 2016
(MENAFN) Information and Communications tech (ICT) spending in the Middle East is projected to reach USD 212.9bn this year, recording increase of 3.7 percent.
Moreover, the industry is being driven by digital business and an environment driven by a connected world, and there will be a positive growth in the area.
The large industrial refocuses on producing new economic development beyond the oil industry, with smart cities initiatives and the adoption of IOT.
Additionally, tablets and PC sales are predicted to reach almost USD 8bn in 2016, and exceed USD 10bn in 2018, while mobile phone sales will grow at USD 30bn.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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