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Economy and Policy

Economy and Policy latest

AI Data Center
June 29th, 2026 - 06:34 GMT
P. Choiaqo

P. Choiaqo

South Korea to invest $650 billion into AI data centers by 2035

ALBAWABA - While some are wary of a possible AI bubble, others investing heavily into it - foreseeing returns on investments in 10-15 years, one such country is South Korea. South Korea cementing its already renowned status of a tech and innovation hub and powerhouse has decided to invest nearly a quadrillion won ($650 million) in AI data centers over the next nine years. "By 2035, we will build additional ...
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Jordan deficit in the trade balance fell by 5 per cent in the first half of this year. (Shutterstock)
June 27th, 2018 - 09:02 GMT

Jordan Trade Balance Deficit Falls by 5 Percent in First Half of Year

Members of the Youth and Human Resources Committee at the Shura Council met with the representative of the Omanisation Committees in the sales and distribution sector, in addition to companies that work in the sector. (Twitter)
June 27th, 2018 - 07:52 GMT

Sales and Distribution Sector to Provide 11,000 Jobs for Omanis

The valuation gap between stocks in Saudi Arabia and Dubai has expanded to the widest since 2011. (AFP)
June 27th, 2018 - 07:45 GMT

Saudi Stocks Most Expensive Versus Dubai in Seven Years

The small size of the Bahraini economy would make it relatively easy for its wealthier neighbouring states to bail it out. (Shutterstock)
June 27th, 2018 - 07:09 GMT

Gulf States to Announce Support for Bahrain's Economy

Most economists agree that Erdogan’s policies caused the rout. (CPI Financial)
June 26th, 2018 - 08:35 GMT

Erdogan's Hot Election Economy Risks a Meltdown After His Win

Arif Naqvi, Founder of Abraaj Group. (CPI Financial)
June 26th, 2018 - 08:12 GMT

Abraaj Founder Faces Criminal Complaint Over a Bouncing Cheque

Tourist visa can now be availed for as short as 10-day visa, one month, and one year tourist visa. (Shutterstock)
June 25th, 2018 - 11:45 GMT

Major Changes in Oman Visa Rules

Turkish lira strengthens against US dollar following Erdogan's election success. (Pixabay)
June 25th, 2018 - 10:12 GMT

Turkey Lira Soars Against Dollar After Erdogan Victory

Dutch Minister for Foreign Trade and Development Cooperation Sigrid Kaag and her delegation meet with officials in Amman on Sunday. (Jordan Times)
June 25th, 2018 - 10:05 GMT

Netherlands Approves €400 Million in Aid for Syrian Refugee Host Countries

The domestic equity markets opening lower also put pressure on the rupee. (Pixabay)
June 25th, 2018 - 09:58 GMT

Rupee Weakens Against Dollar, Reaches 18.47 vs Dirham

Across the UAE, inflation rose following the introduction of a five per cent VAT in January 2018. (Shutterstock)
June 25th, 2018 - 09:42 GMT

Abu Dhabi Inflation up 3.7% Driven by Transport Costs

Earlier this month, Saudi Arabia, Kuwait and the UAE pledged $2.5 billion to help revive Jordan’s economy at the summit in Mecca gathered by Saudi King Salman Bin Abdulaziz. (Twitter)
June 25th, 2018 - 07:54 GMT

Saudi and Jordanian Business Leaders Discuss Opportunities After Mecca Summit

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