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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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Aon's Terrorism and Political Violence Map shows a rise in political violence and terrorism risks for the first time since 2013. (File photo)
April 17th, 2016 - 10:00 GMT

Which GCC countries are most at risk of a coup d'état?

KRG Interior Minister says that Peshmerga fighters have not been paid for three months. (AFP/File)
April 14th, 2016 - 07:00 GMT

KRG running monthly deficit of $100M to fight Daesh

Saudi Arabia said it was halting $4 billion in grants to the Lebanese military and security forces over what Riyadh perceives as “hostile” stances linked to Hezbollah and Iran at Arab League and Islamic conferences. (Yalibnan)
April 13th, 2016 - 09:00 GMT

Lebanon appeals for Egypt's help in reviving Saudi aid package

Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, overlooks plans for a $30B Wholesale City in Dubai. (File photo)
April 12th, 2016 - 12:00 GMT

UAE targets five percent FDI contribution to GDP over next five years

Permanent residency applications would be open to those with require specific academic qualifications and professional skills, while investors will need sufficient capital funds. (Visa Guide)
April 12th, 2016 - 09:18 GMT

Saudi's proposed green-card system to divert remittances back into the economy

Egypt's President Abdel Fattah Al Sisi and President Francois Hollande at Élysée Palace, Paris 26 November 2014. (AFP/Alain Jocard)
April 11th, 2016 - 11:00 GMT

Egypt anticipates more deals during French President Hollande's Cairo visit

Also announced during King Salman's visit to Egypt were an economic free-zone and housing, electricity, road and agriculture projects aimed at developing Sinai. (SPA)
April 11th, 2016 - 06:09 GMT

Egypt, Saudi Arabia ink $25B worth of investments during King Salman's visit

EU member states could vote on imposing sanctions on Egypt. (Wikimedia Commons)
April 10th, 2016 - 01:00 GMT

Italy could press for EU sanctions over Regeni murder case

Saudi nationals top the list of investors in Egypt with contributions in capital issued totaling $6.13B in 2016.  (SPA)
April 10th, 2016 - 12:00 GMT

Saudi Arabia’s $16B fund brings a much-needed cash injection to Egypt

Intense negotiations will begin to establish a timetable for reaching a settlement on the PA's total debt to IEC, which amounts to NIS 1.7 billion ($445M). (Electronic Intifada)
April 6th, 2016 - 01:00 GMT

Gaza power cuts: PA strikes deal with Israel over unpaid bills

The Panama firm is said to have helped three Syrian companies described by US authorities as supporting its repressive machine.  (AFP/Rodrigo Arangua)
April 6th, 2016 - 10:00 GMT

Panama Papers shine light on how Assad evaded sanctions with 'smokescreen' companies

King Salman's first official visit to Cairo follows Sisi's May 2015 visit to Riyadh. (AFP/File)
April 6th, 2016 - 09:00 GMT

Saudi's King Salman to finalize $22B in deals on first official visit to Cairo

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