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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 plastics industry in Saudi Arabia will achieve a production capacity of over 100 million tons per annum. (Image credit: Shutterstock)
December 16th, 2013 - 06:00 GMT

Plastics sector in Saudi Arabia set to reach $50 billion

The majority of MENA economies are expected to grow over the next year partially owing to higher oil production. (Image credit: Shutterstock)
December 16th, 2013 - 05:00 GMT

2014 a year of growth for MENA

Two key historical allies of Hamas have also possibly fallen by the wayside. The relationships with both Iran and Qatar’s look uncertain in the future.
December 16th, 2013 - 03:55 GMT

Is Hamas on the verge of bankruptcy?

However, this may be a short-lived title as pressure is building on the currency and a devaluation is likely in the near future.
December 15th, 2013 - 03:10 GMT

Revealed: the Arab World's most expensive cities for expats

Further population growth in the UAE is expected to increase remittances from the UAE by 7 to 8 per cent over the next two years
December 15th, 2013 - 11:04 GMT

World Expo 2020 to create 200,000 jobs and drive remittances

Social networks have emerged as an open outlet for individuals to share anything from what they’re eating for breakfast to links, opinions, pictures and videos.
December 15th, 2013 - 03:55 GMT

The importance of personal branding: Can a lousy facebook profile be the only thing keeping you from landing the job?

The richest Arab businesspeople also include Saudi Prince Alwaleed Bin Talal, who came in first place in the region and 26th worldwide with a fortune estimated at $20 billion.
December 15th, 2013 - 03:55 GMT

Who said they only come from the Gulf? Meet the Jordanian billionaire who just jumped up the Forbes List

Saudis pin great hopes on the new fiscal budget for 2014, which is expected to be announced next week. They are optimistic the new budget would make allocations for more welfare projects across the country.
December 14th, 2013 - 10:56 GMT

Again and again: Saudi Arabia pinning its hopes to a massive budget surplus

"Among Arabs and in the rapidly growing ultra-Orthodox Jewish community poverty is over one in two, mainly due to low employment rates among Arab women and ultra-Orthodox men." (Pictured: one of the country's infamous settlements).
December 12th, 2013 - 09:20 GMT

An extension of apartheid or another dark side all together? Israel has highest OECD poverty rates

UAE's Foreign Minister is currently in India to enhance the two countries' economic relationship (Courtesy of Gulf News)
December 12th, 2013 - 01:37 GMT

UAE-Indian trade relationship is heating up, says UAE Foreign Minister

KSA's medical industry accounts for approximately 50 percent of the entire regional market (Shutterstock)
December 12th, 2013 - 01:18 GMT

Just what the doctor ordered: KSA medical market to reach $1.6 billion by 2018

Anurag Agrawal, Managing Director, Canon Middle East
December 12th, 2013 - 07:57 GMT

Canon Middle East highlights market growth opportunities at 2013 Partner Conference

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