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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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The Deputy Crown Prince noted that quick reforms brought the deficit from $250B to less than $100B last year. (Shutterstock/Fedor Selivanov)
April 6th, 2016 - 05:53 GMT

Saudi Arabia mulls reforms, US green-card system to help raise $100B a year

Jordan's port of Aqaba. (Voice of Djibouti)
April 5th, 2016 - 10:00 GMT

Palestine, Lebanon join Agadir free trade agreement

Houthi rebels in Yemen. (AFP/File)
April 5th, 2016 - 07:46 GMT

Rise in global military spending driven by Middle East conflicts

The decision does not apply to cement imported for Gaza projects carried out by UNRWA. (File photo)
April 4th, 2016 - 11:00 GMT

Concrete action: Israel stops cement deliveries to private companies in Gaza

The DCCA replaced Dubai Technology and Media Free Zone Authority in 2014, and is responsible for growing creative industries in the emirate. (Shutterstock)
April 4th, 2016 - 09:38 GMT

Dubai's creative SMEs to get license fee exemptions, discounted visas

A Palestinian boat made of recycled bottles. (AFP/File)
April 4th, 2016 - 07:10 GMT

Gaza fishing zone extended by nine nautical miles

A deserted street in downtown Beirut. (Wikimedia Commons)
March 31st, 2016 - 11:00 GMT

Lebanon: Consumer confidence at lowest level since 2014

Moody's said Oman currently has the highest subsidies for residential consumers of electricity and Dubai has the lowest based on the actual cost per kilowatt hour (kWh). (File photo)
March 30th, 2016 - 10:00 GMT

GCC subsidy reform will strengthen utility sector's credit: Moody's

Nasser A. Alsowaidi and Samir Brikho at a meeting of The UAE-UK Business Council in Abu Dhabi last December.  (File photo)
March 30th, 2016 - 08:00 GMT

UAE, UK set ambitious new bilateral trade goal of $35B by 2020

Egypt, which relies heavily on imports, has been facing a dollar shortage since a popular uprising in 2011 drove away tourists and foreign investors, both major sources of hard currency.  (File photo)
March 28th, 2016 - 07:00 GMT

More aggressive action: Egypt's Central Bank releases $22B to clear goods blocked at ports

UN Secretary General Ban Ki-Moon (C-L) and World Bank President Jim Yong Kim (L) meet with Jordan's King Abdullah and Queen Rania (R) at the Royal Palace in Amman on March 27, 2016. (AFP/Khalil Mazraawi)
March 28th, 2016 - 05:11 GMT

World Bank announces $100M interest-free loan to Jordan

Kuwait's Finance Minister confirmed that any potential spending deficit could be covered by tapping into Kuwait’s financial reserves and going to the bond market. (File photo)
March 24th, 2016 - 09:00 GMT

Kuwait looks to PPP, VAT, cutting subsidies to trim budget

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