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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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Emaar Properties chairman Mohamed Alabaar at the opening of Dynergy Technologies' state-of-the-art switchboard manufacturing plant in TechnoPark, Dubai in 2010. (World Property Journal)
June 27th, 2016 - 04:23 GMT

Dubai's new industrial strategy targets $43.5B additional income by 2030

Prime Minister David Cameron in 2013 with the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. (Stefan Rousseau)
June 24th, 2016 - 05:25 GMT

Brexit vote rekindles hope for new UK-GCC free trade agreements

Economists say the bilateral trading landscape between the GCC and the UK may not necessarily be harmed by Brexit. (Shutterstock)
June 24th, 2016 - 11:41 GMT

Brexit: A weaker pound presents opportunities for GCC investors

Al Bawaba
June 24th, 2016 - 08:37 GMT

Global markets take a tumble as UK votes to leave the EU

Sudan’s official application to join the most powerful legislative and judicial body regulating international trade has been delayed for more than 22 years for political and economic reasons. (File photo)
June 22nd, 2016 - 05:50 GMT

Sudan moves closer to joining WTO

The IWI Tavor assault rifle, widely exported worldwide, on display at an arms fair. (IWI)
June 21st, 2016 - 11:00 GMT

Israeli lawmakers back bill to restrict sale of arms to 'countries violating human rights'

Viagra manufacturer Pfizer is one of the world's largest pharmaceutical companies. (AFP/File)
June 20th, 2016 - 08:00 GMT

Saudi Arabia to grant 3M, Pfizer operating licenses, mulls Apple entry

During the meeting
June 19th, 2016 - 06:58 GMT

DP World Group Chairman & CEO meets President of Kazakhstan

During the event
June 19th, 2016 - 06:52 GMT

DED briefs government delegations on innovative customer services provided by Dubai Business Club

Fareeda Fadhil, Customs Valuation Director
June 19th, 2016 - 06:30 GMT

Dubai Customs sees first-hand how Huawei ensures compliance with Customs laws and contributes to supply chain security

The UAE is set to be the first GCC country to introduce VAT in 2018 and is expecting to generate around Dhs 10bn to Dhs 12bn in revenues in its first year of implementation. (Shutterstock)
June 19th, 2016 - 06:00 GMT

UAE lays out first phase of corporate VAT policy

Egypt's Central Bank has sought to crack down on the black market, revoking the licenses of exchange bureaus found dealing far beyond the official rate. (AFP/Khaled Desouki)
June 16th, 2016 - 11:43 GMT

Egypt's black market currency traders take their business abroad

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