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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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Trading and gains should be further bolstered in the bourses following the decision to transform the Abu Dhabi Investment Council (ADIA) into a public shareholding company under Mubadala. (Shutterstock)
June 4th, 2018 - 10:07 GMT

UAE Bourses Forecast to Rise in June

The Shacklewell Lane Mosque in Dalston, east London, has decided to accept bitcoin and other cryptocurrencies. (AFP)
June 4th, 2018 - 09:18 GMT

This London-Based Mosque Now Accepts Donations in Bitcoin!

Qatar's real gross domestic product (GDP) will accelerate from 2.6 percent in 2018 to 2.7 percent in 2019. (Shutterstock)
June 4th, 2018 - 08:13 GMT

Qatar's Economic Growth to Accelerate in 2019: IMF

The proposed law seeks to increase the number of income tax payers from 90 per cent to 95 per cent. (Shutterstock)
June 4th, 2018 - 07:13 GMT

New Tax Law Vital for Jordan’s Credit Rating

Tarawneh added that the law also does not require those who are less than 18 years old to provide income tax statements. (Shutterstock)
June 3rd, 2018 - 09:51 GMT

Expats’ Incomes in Jordan Still Exempted From Income Tax

Every week 60per cent of the UAE employees are working at least one day a week somewhere other than the office. (Shutterstock)
June 3rd, 2018 - 09:22 GMT

60 Percent of UAE Workforce Skip Office to Work Elsewhere

This cooperation is aimed at providing balance and stability on the global oil market, the declaration said. (Shutterstock)
June 3rd, 2018 - 08:37 GMT

UAE Signs Partnership Deal With Russia for Oil Markets Stability

King Abdullah II underlined the need for all state institutions to rationalize spending and balance taxes against the quality of services provided to citizens. (AFP)
June 3rd, 2018 - 08:25 GMT

King Abdullah II Suggests New Income Tax Law in Jordan

23.7 percent of applicants sold some of their own properties to apply for a second citizenship. (Shutterstock)
June 3rd, 2018 - 08:19 GMT

Why UAE Expats Are Going for Second Passport

Recruitment experts say expatriate employment in UAE has yet to bounce back after more than three years of weak oil prices. (Shutterstock)
May 31st, 2018 - 09:14 GMT

UAE Jobs Market Still ’Less Buoyant’ Than 5 Years Ago

The campaign seeks to increase public awareness of the dangers of tobacco use. (shutterstock)
May 31st, 2018 - 09:01 GMT

Saudi Arabia to Join WHO in Anti-Smoking Campaign

Despite the drop in imports, Iran retained its share in the Turkish market. (Shutterstock)
May 31st, 2018 - 08:57 GMT

Iran Remained Turkey's Biggest Crude Oil Exporter

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