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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 National Academic Bolshoi Opera and Ballet Theatre of the Republic of Belarus, Minsk  (Shutterstock/F9)
February 18th, 2016 - 02:30 GMT

GCC eyes opportunities with CIS as trade increases 20 percent annually

Despite two downgrades, Saudi Arabia's rating is still investment grade. (AFP/File)
February 18th, 2016 - 01:30 GMT

Bahrain, Oman, Saudi Arabia suffer ratings downgrades: S&P

Bab al-Tabbaneh, Tripoli. (Wikimedia Commons)
February 18th, 2016 - 06:00 GMT

Lebanon: Experts call for implementation of private sector partnerships law

Dubai Customs
February 17th, 2016 - 10:16 GMT

Dubai foodstuff foreign trade hits AED 68.6 billion during first nine months of 2015

Local currency debt made up the majority of increased $3B in debt. (File photo)
February 16th, 2016 - 12:00 GMT

Lebanon’s debt hits a staggering $70.3B

The pier at the Al-Ahmadi refinery in Kuwait. Kuwait's economy is shifting drastically as oil prices continue to drop. (AFP/Yasser Al-Zayyat)
February 16th, 2016 - 10:30 GMT

Kuwait fights budget deficit: Reexamining government salaries, expatriate labor

Ahmed Mahboob Musabih meets the Republic of Korea's Consul General in Dubai
February 16th, 2016 - 07:38 GMT

Ahmed Mahboob Musabih: Dubai-Korea trade in first nine months of 2015 scored AED 21 billion

Participants in the Middle East Fraud Conference. (Twitter)
February 16th, 2016 - 07:00 GMT

Middle East Fraud Conference tackles recession fears

An aerial shot of Dubai. (YouTube)
February 16th, 2016 - 05:00 GMT

Businessmen tortured in UAE

Middle income families in Saudi Arabia are likely to feel the impact of increased prices the most. (File photo)
February 15th, 2016 - 12:00 GMT

Experts: Middle income group will be hit hardest by rising prices

Dr. Habib Al Mulla and H.E. Berik Imashev, Kazakhstan Minister of Justice
February 15th, 2016 - 10:50 GMT

Kazakhstan Minister of Justice discusses strengthening cooperation with Dubai International Arbitration Centre

The financing will also support a program to extend rotating loans to citizens to start their own projects. (Shutterstock)
February 15th, 2016 - 10:00 GMT

Jordan: $338 million allocated for health, infrastructure development in governorates

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