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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 customs tax on EVs has been increased from zero to 25 per cent as of January 1. (Shutterstock)
January 7th, 2019 - 09:43 GMT

'Surprise' Increase on Electric Vehicles' Tax in Jordan

Most of the complaints in Saudi Arabia and the UAE come not from the consumers but businesses unsure about how to implement VAT on goods and services. (Shutterstock)
January 7th, 2019 - 09:26 GMT

VAT is GCC Countries’ Silver Lining in This Dire Phase

Syrian refugees in Turkey, Jordan and Lebanon could better contribute to local economies if they were trained for middle-skill jobs. (Shutterstock)
January 7th, 2019 - 08:56 GMT

Study: Syrian Refugees Can Aid Local Economies If Trained

Solidere suffered further losses in the first half of 2018 as the firm was forced to put more provisions in place for bad loans, according to auditing company Deloitte. (Shutterstock)
January 7th, 2019 - 08:47 GMT

Lebanese Real Estate Development Giant Reports $100 Million Loss in First Half of 2018

The currency was trading at about 110,000 rials per US dollar on the unofficial market on Sunday. (Shutterstock)
January 7th, 2019 - 08:26 GMT

Iran Mulls Removing Four Zeros From Its Plunging Currency

Hard-hitting consultants' report reveals severe deficiencies across public and private sectors. (Shutterstock)
January 7th, 2019 - 08:21 GMT

Experts' Analysis of Appalling Statistics About Lebanon Revealed by McKinsey Report

The job opportunities will be in sales roles, including medical equipment stores, construction and building materials shops. (Shutterstock)
January 7th, 2019 - 08:11 GMT

Saudi Arabia Announces the Saudization of Sales Jobs in These Fields

The service is the latest in the push to reduce unemployment in Oman's local population. (Shutterstock)
January 7th, 2019 - 08:07 GMT

Expat Visa Ban Continues in Oman, New Job Center Launched for Locals

US Olympic medalist Ibtihaj Muhammad with her Barbie model. (AFP)
January 6th, 2019 - 10:28 GMT

A Review on Barbie's Mark on Saudi Arabia on Her 60th Birthday

The government of President Hassan Rouhani said the laws are needed to meet demands set by the international Financial Action Task Force. (Shutterstock)
January 6th, 2019 - 09:54 GMT

Anti-Money Laundering Bill Approved in Iran to Maintain International Trade

Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia said despite the U.S. sanctions more oil buyers have approached the country for negotiations. (Shutterstock)
January 6th, 2019 - 09:31 GMT

Number of Iran's Oil Buyers Increases Despite US Sanctions

The Association of Banks in Lebanon Friday dismissed as “baseless” two civil lawsuits filed in New York this week against more than 10 Lebanese banks. (Shutterstock)
January 6th, 2019 - 08:59 GMT

U.S. Lawsuits Against 10 Lebanese Banks Dismissed

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