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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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“And, with low inflation pressures, there is still some downside risk for gold as long as the stock market remain relatively robust.”
December 31st, 2013 - 05:16 GMT

Gold prices celebrate the new year with biggest annual loss in 32 years

The discovery of invasive green crabs on Egypt's shores in December has been a major concern for local fisherman and the fishing industry in Egypt more broadly (Courtesy of Ahram Online)
December 31st, 2013 - 09:05 GMT

All politics? Egypt's "other" events that have shaken the country's economy in 2013

Al Bawaba
December 31st, 2013 - 05:11 GMT

LG’s next generation TVs sound as great as they look

The expansion has been above all driven by substantial gains in the oil and gas sector where output levels rebounded to capacity after technical disruptions.
December 31st, 2013 - 03:55 GMT

Arab Spring gone with the wind? Bahrain's economy to record robust growth

The combined wealth of the ten richest Arabs in the UK exceeded $17.5, according to an annual ranking by the Sunday Times conducted in April.
December 30th, 2013 - 04:58 GMT

Other than Dubai's Expo 2020 win, what were the Middle East's top business breakthroughs in 2013?

 Key challenges facing investors include excessive bureaucracy, lack of government spending on developmental projects due to legal and political complications,
December 30th, 2013 - 04:20 GMT

The political power struggle eclipsing Kuwait's development hopes

Pfizer will open new factories in KSA ready for production by 2015 (Courtesy of Business Week)
December 30th, 2013 - 12:38 GMT

Saudi's got a new chill "pill": Global reknown drug company setting up shop in Kingdom

Ahmed Ibrahim, Director of Business Registration and Licensing (BRL) in DED
December 30th, 2013 - 08:08 GMT

DED completes adding descriptions for 2,000 activities permitted under various trade licenses

GE's Build A Bike Initiative 1
December 30th, 2013 - 08:04 GMT

GE reaches out to students of Al Manzil School for Special Needs with ‘build a bike’ CSR initiative

In light of the repatriation of hundreds of Filipinos ahead of Christmas, Philippine Ambassador Ezzedin Tago expressed gratitude to King Abdullah and the Saudi Arabian government.
December 30th, 2013 - 03:55 GMT

Heart warming: Saudi Arabia made sure deported Filipinos got sent home before Christmas

The KhalifaSat will be the third after DubaiSat1 and DubaiSat2, which have been built in Seoul, under a knowledge-sharing arrangement with the South Korean company Satrec.
December 30th, 2013 - 03:55 GMT

The first UAE-made satellite, KhalifaSat, to be launched into space in 2017

The association aims to provide investment opportunities for Saudi investors in Egypt and to resolve the obstacles facing foreign investment, Secretary General of the association Ahmed Darwish said in the statement.
December 29th, 2013 - 02:36 GMT

With Qatar out of the picture, Egypt and Saudi Arabia will be taking their relationship to the next level tomorrow

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