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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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Five countries have submitted their requests for the establishment of two nuclear reactors in Saudi Arabia on the Arabian Gulf coast. (Shutterstock)
January 24th, 2019 - 10:11 GMT

5 Countries Eye Building 2 Nuclear Reactors in Saudi Arabia

The value of these projects is expected to amount to about seven billion dollars (SR26.25 billion) (Shutterstock)
January 24th, 2019 - 09:40 GMT

Saudi Arabia to Implement 12 Renewable Energy Projects Worth of $7 Billion

European-backed system to facilitate non-dollar trade with Iran is aimed at circumventing US sanctions. (Shutterstock)
January 24th, 2019 - 09:00 GMT

EU to Launch New Trade Mechanism With Iran to Bypass US Sanctions

Iran and Iraq are keen on bolstering their bilateral trade that stands at nearly $11 billion. (Shutterstock)
January 24th, 2019 - 08:53 GMT

New Border Crossing Between Iran, Iraq to Facilitate Trade

Dubai will source eight per cent or at least 1000 megawatts of its over-all power requirements from renewable energy sources by next year. (Shutterstock)
January 24th, 2019 - 08:48 GMT

Renewable Energy to Produce 8 Percent of Dubai's Power

The oil was discovered at a depth of 3,770 meters and has an API gravity of 40 which is “very light and sweet. (Shutterstock)
January 24th, 2019 - 08:37 GMT

New Oil Discovery in Iran

Emaar, Dubai Multi Commodities Centre launch 200 units in Dubai Hills Estate. (Shutterstock)
January 24th, 2019 - 08:07 GMT

Buy a House in Dubai and Get a Free Trade License

Some $30 billion to $50 billion inflows are expected into the Kingdom’s stock market due to its inclusion in major global benchmarks. (AFP)
January 24th, 2019 - 08:00 GMT

Up to $50 Billion Inflows Projected Into Saudi Stock Market

Traffic passing through Egypt’s Suez Canal on Wednesday reached an all-time record. (Shutterstock)
January 23rd, 2019 - 01:34 GMT

Traffic Through Egypt’s Suez Canal Reaches All-Time Record

Switzerland is pursuing plans to launch an alternative payments channel for Iran independent from the US dollar.. (Shutterstock)
January 23rd, 2019 - 12:47 GMT

Switzerland to Develop Payment Channel With Iran to Bypass US Sanctions

The arrests were made over a period of two days in cooperation with the special task unit in the Wilayat of Duqm. (Shutterstock)
January 23rd, 2019 - 12:37 GMT

Over 400 Expat Workers Arrested in Oman for Violating Labor Laws

UAE, Canada Agreement to Boost Cooperation in Clean Energy Field (Shutterstock)
January 23rd, 2019 - 12:35 GMT

UAE, Canada Sign Agreement to Boost Cooperation in Clean Energy Field

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