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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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Statistics from the Chamber show that the city’s religious, historical and cultural status has made it a distinguished economic location.
October 6th, 2013 - 09:36 GMT

Madinah most prosperous Saudi City

Al Bawaba
October 6th, 2013 - 09:26 GMT

DUBAL honoured at 2013 CIO 100 Symposium in USA

"The GCC countries remain pillars of stability in the global oil market at a time when uncertainties are arising elsewhere."
October 6th, 2013 - 07:13 GMT

Not too stellar for the overachiever? GCC growth rates to hit 3.7% this year

The prayer rugs, however, are made by Saudi females trained at the academy thus the materials are supplied to their houses where  the weaving is implemented.
October 3rd, 2013 - 11:49 GMT

Fancy a prayer-rug themed Toyota? Yes, it's possible.

Projects worth around $1 billion have been ordered since Saudi Arabia decided to push ahead with its IWPP program.
October 3rd, 2013 - 11:39 GMT

What oil? Saudi Arabia major player in world's water market

The GCC made a big jump in the volume of intra-regional trade of GCC from $32 billion in 2005 to $100 billion last year.
October 3rd, 2013 - 10:25 GMT

Gulf states keen on taking their relationship further

Jordan produces around 5 per cent of its needs of wheat, while the rest is imported from other countries, mainly the US
October 3rd, 2013 - 10:04 GMT

Businessmen encouraged to invest in wheat cultivation in Russia

North American airlines saw demand rise 5.1 per cent over a year ago, the slowest growth for any region but still close to double the year-to-date increase of 2.7 per cent.
October 3rd, 2013 - 09:57 GMT

The one thing that seems to be doing exceptionally well in the Middle East? Airlines!

If you are seen as someone who makes mistakes but will never apologise for them, that can cause dissent within the team and members will start to feel insecure and, ultimately, be reluctant to work for you.
October 2nd, 2013 - 11:53 GMT

Sorry seems to be the hardest word? In the workplace, it shouldn't be

The GDP growth rate on average is likely to taper off due to the decline in energy export revenues which marked a historic high in 2012.
October 2nd, 2013 - 07:27 GMT

The glass half full? Arab countries' GDP growth reached 4.8%

The President of Ecuador, His Excellency Rafael Correa during his meeting with the Chairman of DP World, His Excellency Sultan Ahmed Bin Sulayem, in the presence of Mohammed Sharaf, Group Chief Executive Officer, DP World and a number of officials in the Ecuadorian Government
October 2nd, 2013 - 06:26 GMT

DP World chairman meets Ecuador President in Quito

During the visit
October 2nd, 2013 - 05:13 GMT

Dubai Customs receives a high-profile delegation from the Saudi Customs

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