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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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Taxable persons/companies must apply for this if they fulfill any of the conditions laid down by the law. (Shutterstock)
January 21st, 2019 - 09:49 GMT

Companies in UAE Can Deregister for VAT Under This Condition

30 Percent of Saudis' Salaries in Private Sector to Be Paid by the Government
January 21st, 2019 - 09:43 GMT

30 Percent of Saudis' Salaries in Private Sector to Be Paid by the Government

Egypt’s Foreign Currency Reserves Soar to $42.6 Billion
January 21st, 2019 - 09:26 GMT

Egypt’s Foreign Currency Reserves Soar to $42.6 Billion

E-commerce will play an increasingly greater role in Lebanon and in the region. (Shutterstock)
January 21st, 2019 - 08:56 GMT

Lebanon to Rely on E-Commerce to Solve Its Economic Issues

Saudi Arabia’s non-oil sector growth will accelerate to 2.8 percent this year as the lagged effect of higher crude prices and production feeds through to the non-oil sectors. (Shutterstock)
January 21st, 2019 - 08:51 GMT

Report: Saudi Economy to Expand 2 Percent

The Saudi-Emirati Coordination Council set seven initiatives to increase the integration between the two countries during their first meeting in Abu Dhabi. (Shutterstock)
January 21st, 2019 - 08:05 GMT

Saudi Arabia, UAE Launch a Joint Cryptocurrency

It was agreed that all donor countries and Arab funds should work shoulder to shoulder to ease the suffering of Syrian refugees. (Shutterstock)
January 21st, 2019 - 07:56 GMT

What Solutions Did the Arab Leaders Create in Their Economic Summit?

Nearly two-thirds of UAE residents expect a salary increase in this year following a year of wage stagnation in 2018. (Shutterstock)
January 20th, 2019 - 10:37 GMT

Survey: More Than 60 Percent of UAE Residents Expect a Salary Hike

Shares plunged following the announcement, which also signaled a tough profit road ahead for Tesla. (Shutterstock)
January 20th, 2019 - 10:27 GMT

Tesla to Cut Its Workforce by 7 Percent

The balance of trade volume between India and the UAE is now worth $57 billion (Shutterstock)
January 20th, 2019 - 10:26 GMT

UAE-India Bilateral Trade to Exceed $100 Billion by 2020

The World Bank has reduced its estimates of global growth in 2018 and 2019 by just 0.1 percentage points, to 3% and 2.9%, respectively, since its June outlook. (Shutterstock)
January 20th, 2019 - 09:31 GMT

Why Global Financial Markets Became Unpredictable

The world is becoming more vulnerable to pandemics, despite advances in medicine and public health. (Shutterstock)
January 20th, 2019 - 09:14 GMT

Global GDP to Fall 0.7 Percent Due to Climate Change

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