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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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For the last 10 years, an average of $216 billion projects have been awarded annually, with the GCC region accounting for about two thirds of this volume. (Saudi Gazette)
December 23rd, 2018 - 08:23 GMT

Despite Political Upheavals, MENA Region Is Home for $3.5 Trillion Worth of Projects

Iran and China are enjoying strong bilateral relations, and earlier in September, the two countries launched a 9,000-kilometer-long railway within the framework of new Silk Road Program between the two countries. (Shutterstock)
December 23rd, 2018 - 07:57 GMT

What Lies Behind China's Commitment to Fostering Its Ties With Iran?

According to Hemmati, the Central Bank of Iran had been focused mainly on stabilizing foreign-exchange market over the past few weeks through promoting Iran’s national currency. (Shutterstock)
December 23rd, 2018 - 07:50 GMT

Iran's Foreign Currency Market Climbing Back to Stable Conditions

10-year visa to investors, skilled professionals will go a long way to boost investor confidence. (Shutterstock)
December 23rd, 2018 - 05:30 GMT

Professionals From These 3 Industries Will Benefit the Most From UAE's 10-Year Visa

Among the accused are three Arabs and 14 Asians. (Shutterstock)
December 23rd, 2018 - 05:00 GMT

17 Expats Accused of Embezzling More Than Dh 9.1 Million in Dubai

The gang took the money from a cash transport vehicle. (Shutterstock)
December 22nd, 2018 - 01:54 GMT

Gang Arrested in UAE for Stealing Dh 4 Million

Ghosn was initially arrested on November 19 for allegedly understating his income by about half over a five-year period from 2010. (Shutterstock)
December 21st, 2018 - 07:38 GMT

Ghosn Re-arrested on New Allegations of Dumping $16.6 Million in Losses on Nissan

Lebanese banks were the main subscribers to these bonds. (Shutterstock)
December 20th, 2018 - 11:36 GMT

Two Treasury Bills Worth $1.3 Billion Issued in Lebanon

The crooks post comments on the targeted business's Facebook page, claiming that it has established a partnership with Bitcoin and is giving away a hefty sum of free cryptocurrency. (Shutterstock)
December 20th, 2018 - 11:03 GMT

Fake Facebook Accounts Con Followers Into Sending Bitcoin Payments

President of the Human Rights Commission of Saudi Arabia, Bandar bin Mohammed Al-Aiban delivers a speech before the UN Human Rights Council during the Universal Periodic Review on November 5, 2018 in Geneva. (AFP)
December 20th, 2018 - 10:56 GMT

Saudi Arabia Reviews Its National Human Rights Strategy

The government issued more than 700 licenses for foreign investments this year, double the number in 2017. (Shutterstock)
December 20th, 2018 - 10:50 GMT

Foreign Investments in Saudi Arabia Rise 110 Percent in 2018

Talks also touched on the possibility for Jordan importing Iraqi oil at preferential prices, and installing power grids as part of reconstruction efforts in Iraq. (Shutterstock)
December 20th, 2018 - 10:31 GMT

Jordan to Import Iraqi Oil at Preferential Prices

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