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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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As the 2020 Expo approaches, the Dubai economy is showing signs of rebounding. (Pixabay)
June 24th, 2018 - 12:24 GMT

Will Dubai's Economy Recover Anytime Soon?

Khalid Al-Hussan. (Illustration: Luis Grañena) (Arab News)
June 24th, 2018 - 12:15 GMT

After MSCI Upgrade, Tadawul Chief Turns to the Next Challenge for Saudi Arabia

The UAE was rated 27th in 2017's ranking with 72.4 points, a drop of nine positions. (Pixabay)
June 24th, 2018 - 11:47 GMT

UAE Ranked Most Reputable Country in Middle East

The spotlight will remain on Aramco's IPO in 2018, which will be the largest global IPO ever. (File/Photo)
June 24th, 2018 - 09:03 GMT

UAE and Saudi Arabia Set to Stimulate IPO Boom

Bitcoin had recovered slightly to trade at $6,115 on Saturday afternoon following its plunge to $6,045.31 earlier, testing the low for the year of $5,922 that was set on February 6, 2018. (Shutterstock)
June 24th, 2018 - 08:41 GMT

Is Bitcoin Losing Its Worth?

India was the top recipient of remittances from the UAE in the last quarter of 2017. (Pixabay)
June 24th, 2018 - 08:32 GMT

This Is How the Declining Rupee Is Affecting You

Tunisia’s progressive women's right laws in MENA have not translated into increased economic opportunities. (CPI Financial)
June 22nd, 2018 - 11:00 GMT

Lending to Women Could Drive Tunisian Economic Growth

Jordan's King Abdullah II and German Chancellor Angela Merkel. (File/Photo)
June 21st, 2018 - 02:18 GMT

Merkel Pledges $100 Million Loan for Jordan

The two suspects have allegedly slashed due taxes on a taxpayer by JD56,000. (Pixabay)
June 21st, 2018 - 12:15 GMT

Former Top Tax Officials, Suspected Partners, Charged With Graft in Jordan

The period will coincide with the timing given for other special visa applicants. (Khaleej Times)
June 21st, 2018 - 10:46 GMT

Grace Period Date Announced for UAE's Illegal Residents

The sweeping changes to UAE visa rules will help expats get appropriate employment. (AFP)
June 21st, 2018 - 07:58 GMT

Blue-Collared Workers to Benefit Most From UAE Visa Reforms

Visa reforms will protect the most-vulnerable sections of society. (Shutterstock)
June 21st, 2018 - 07:51 GMT

Social Workers Elated at UAE Visa Reforms

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