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Economy and Policy

Economy and Policy latest

Valentine's Day
February 11th, 2026 - 12:25 GMT
Al Bawaba Staff

Al Bawaba Staff

The 'Valentine's economy' grows strongly, reaching $29 billion

ALBAWABA - This year, the spirit of love seems to have transcended mere sentiment, strongly impacting consumer spending. Estimates indicate that Americans are poised to inject approximately $29.1 billion into the market to celebrate Valentine's Day, a figure among the highest in the holiday's history, according to the National Retail Federation. According to a report published by TalkBusiness, 65 percent of American households plan to celebrate the occasion, with an ...
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During the signing
July 19th, 2016 - 09:18 GMT

DED and Louis Vuitton Moët Hennessy team up to combat counterfeiting and educate consumers

Pro-Erdogan supporters celebrate in Ankara on July 17, 2016 following the failed coup attempt. (AFP/Adem Altan)
July 18th, 2016 - 09:00 GMT

Devaluation, shaken investors, tourism slump: Will the Turkish economy follow Egypt's fate?

The International Finance Corporation sees great opportunities for Jordan to ramp up private sector participation in its economy. (Shutterstock)
July 17th, 2016 - 11:00 GMT

World Bank unveils ambitious five-year support program for Jordan

The first installment will be allocated to the areas of the relief of the displaced, education, health, and social care.  (File photo)
July 14th, 2016 - 01:00 GMT

Iraq receives first tranche of $5.3B IMF loan

The secretary general of the UAB expects the British pound devaluation and resulting inflation following the Brexit vote to have negative implications for Arab remittances.  (Infowoman.gr)
July 14th, 2016 - 11:00 GMT

Brexit could negatively impact $560M of Arab expat remittances from UK

Because of Brexit, GCC banks which are looking for alternative sources of funding to compensate lower government deposits are unlikely to receive new external funding from the UK. (Shutterstock)
July 13th, 2016 - 09:00 GMT

Brexit impact on GCC sovereigns will be minimal: Moody's

Chinese-Egyptian relations have developed positively over the past period after the Chinese President visited Cairo last January, in a trip that was the first of its kind in 12 years. (File photo)
July 13th, 2016 - 05:00 GMT

Egypt inks 18 multi-sector deals with China

Analysts suggest that in Saudi Arabia, the old-age dependency ratio will rise to 23 per cent in 2050 from 4 per cent in 2015. (AFP/File)
July 12th, 2016 - 05:00 GMT

'Silver Saudis' may pressure government reforms on age-related spending

Inspections will continue until the 100 per cent Saudisation deadline on September 2.  (Newstoday.pk)
July 11th, 2016 - 11:00 GMT

Saudi Arabia shutters over 1000 mobile phone shops over Saudization law violation

The report shows that the overall PMI is also constrained by anaemic employment gains. (Shutterstock)
July 11th, 2016 - 10:35 GMT

UAE’s non-oil private sector expands, but prepares for summer slowdown

Saudi Deputy Crown Prince Mohammad bin Salman Al Saud visits the aircraft carrier USS Theodore Roosevelt in July 2015. (US Navy)
July 10th, 2016 - 08:59 GMT

Booz Allen Hamilton inks $12M contract for Saudi Navy support services

Tourism revenues dropped by 40 percent to $3.3 billion from $5.5 billion during July-March compared to the previous year, according to the CBE. (File photo)
July 10th, 2016 - 08:12 GMT

Egypt’s balance of payments deficit skyrockets 260 percent

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