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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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(Shutterstock)
December 17th, 2018 - 08:26 GMT

UAE Announces New Structure for Central Bank

The creation of the satellite will be one of the ministry's main goals. (Shutterstock)
December 17th, 2018 - 08:20 GMT

Syria Aims for the Stars With New Space Mission

The approval of the Central Bank of Kuwait should be obtained if ownership exceeds 5 percent of the bank’s capital. (Shutterstock)
December 17th, 2018 - 08:12 GMT

Foreigners Can Now Own a Bigger Share of Kuwait's $39 Billion Banking Sector

The government’s focus on protecting the low-income classes over implementing the social safety networks, noting that the positive indicators of the economy were clear over the past five months. (Shutterstock)
December 17th, 2018 - 08:01 GMT

Egypt to Have New Taxation System by 2020

The World Bank’s (WB) Vice President for Infrastructure, Makhtar Diop. (AFP)
December 17th, 2018 - 07:23 GMT

World Bank Still Committed to Cooperation With Egypt on Infrastructure Projects

Vision 2030 that was once a dream has now been translated into a reality with giant steps forward to achieve the needed reforms and to carry out the needed transformations. (Shutterstock)
December 17th, 2018 - 07:05 GMT

Opinion: Saudi's Vision 2030 Is More a Reality Than a Dream

The new T-bills have already started putting pressure on the commercial banks, which have had to earmark part of their Lebanese pound liquidity to buy the bonds. (Shutterstock)
December 16th, 2018 - 10:30 GMT

New Treasury Bills to Be Issued in Lebanon With Higher Interest Rates

Oman has launched an aggressive drive to recruit more of its local citizens in its private sector. (Shutterstock)
December 16th, 2018 - 10:14 GMT

Expats Are Needed in Oman for 'Mega Infrastructure Projects'

The Prime Minister stressed the importance of maintaining the competitive advantages of the pharmaceutical industry and its reputation locally and internationally as the Kingdom's second largest exporter. (Shutterstock)
December 16th, 2018 - 08:43 GMT

Jordan Aims to Enhance Economic Value of Pharmaceutical Industry

Out of 280,000 residents, about 350 people are involved in the tourism industry in Jerash, which is 48km north of Amman. (Shutterstock)
December 16th, 2018 - 08:33 GMT

Jerash’s Tourism Sector Provides Jobs for 1 Percent Only of Its Population

The Japanese official reviewed the Japan-sponsored peace and prosperity corridor initiative that aims to achieve peace and economic empowerment, especially for the Palestinians and the projects carried out in this regard. (Shutterstock)
December 16th, 2018 - 08:04 GMT

Japan to Loan Jordan $300 Million

Iran's trade surplus of mineral products hiked to $4.58 billion during the said period. (Shutterstock)
December 16th, 2018 - 07:56 GMT

Iran's Mineral Trade Surplus for First 8 Months in 2018 Worth $6.87 Billion

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