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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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The Dubai RTA has collaborated with big global firms for the extension of Dubai Metro Red Line up to the site of Expo 2020. (File/Photo)
January 18th, 2019 - 06:00 GMT

Dubai Route 2020 Trials Marked Successful

The world’s largest concentrated solar plant is due to be completed by 2021 near Dubai and is expected to have a 1,000-MW capacity. (Arab News)
January 18th, 2019 - 05:30 GMT

From Solar Boats to Electric Buses, UAE Diversifying Its Eco-Friendly Transportation Means

It's a dream set to come true in the UAE by 2020. (Shutterstock)
January 18th, 2019 - 05:00 GMT

Abu Dhabi Hyperloop, a Dream Costing up to $40 Million per Kilometre

EIA expects crude oil prices to continue to rise in late 2019 and early 2020 because of an increase in refinery demand for light-sweet crude oil (Shutterstock)
January 17th, 2019 - 10:46 GMT

Brent Oil Estimated at $61 per Barrel in 2019

The figure shows 10 percent rise from the tax income earned during the same period of time in the previous year. (Shutterstock)
January 17th, 2019 - 10:03 GMT

More Than $16 Billion Generated in Iran From Tax Revenues

CBI decided to take a more moderate stance toward the digital money and blockchain technology following the imposition of a new round of U.S. sanctions. (Shutterstock)
January 17th, 2019 - 09:54 GMT

Will Crypto-Rial Help Iran Evade the Sanctions' Effects?

Qatari businessmen are interested in exploring investment opportunities available in Ethiopia. (Shutterstock)
January 17th, 2019 - 09:47 GMT

Qatar Eyes Investment Opportunities in Ethiopia

Expats Can Hold Senior Positions for 3 Years Only (shutterstock)
January 17th, 2019 - 09:33 GMT

Expats Can Hold Senior Positions for 3 Years Only

Property sales to foreigners posted an annual hike of 78.4 percent to reach 39,663 houses. (Shutterstock)
January 17th, 2019 - 09:07 GMT

Over 1.37 Million Houses Sold in Turkey in 2018

The annual inflation rate in Tunisia reached a near-30-year high in 2018. (Shutterstock)
January 17th, 2019 - 08:58 GMT

Economic Indicators Raise Concerns for Instability in Tunisia

The total value of the NEOM Bay development has not been disclosed. (Arab News)
January 17th, 2019 - 08:07 GMT

Saudi Arabia to Commence Developing $500 Billion Mega-City

The chamber's exports last year hit JD4.280 billion compared with JD3.896 billion in 2017. (Shutterstock)
January 17th, 2019 - 07:45 GMT

Jordan's Exports Soars 10 Percent in 2018

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