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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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The blockade has made Qatar to consider ways of becoming more self-sufficient. (Shutterstock)
May 28th, 2018 - 10:20 GMT

'A Year On, Qatar Emerging Stronger Despite Blockade'

Bitcoin was trading at $7,380.1 by 12:22AM ET (04:22GMT). (Shutterstock)
May 28th, 2018 - 08:49 GMT

Bitcoin Prices Changed; Bithumb to Ban Crypto Trading in 11 Countries

There are no laws in Bahrain that regulate the Bitcoins system. (Shutterstock)
May 28th, 2018 - 08:40 GMT

The Bitcoin Trade Booming on Bahraini Websites

Rise in index has a lot of myriad causes. (Shutterstock)
May 28th, 2018 - 08:27 GMT

8 Causes Behind the US Dollar Index’ Surge

Spread over two sections, the new infographic guide covers information on Important things to keep in mind while filing VAT return and the subsequent consequences of incorrect filing.
May 24th, 2018 - 10:22 GMT

Tally Solutions Introduces a Visual Guide to Assist Businesses on Details of Filing VAT Returns

SAMA has urged all trade banks to prepare their infrastructure for the new coins. (AN)
May 24th, 2018 - 08:45 GMT

Saudi Riyal Coins to Gradually Replace Notes

The Kingdom was ranked highly for its consumer price inflation policy and exchange rate management. (Pixabay)
May 24th, 2018 - 08:06 GMT

Saudi Arabia Scores High on Prices and Tax Efficiency, IMD Survey Finds

Federal National Council Members thus called for a push from the ministry to raise the level of employment among Emiratis in the private sector. (File / Photo)
May 24th, 2018 - 07:47 GMT

101 Percent Increase in Emiratis Recruited in Private Sector This Year

The UAE surpassed Norway (8), Sweden (9), Canada (10), Germany (15), Australia (19), UK (20), Japan (25), France (28) and Italy (42) in the rankings. (Pixabay)
May 24th, 2018 - 07:39 GMT

UAE 7th Most Competitive Economy in the World

FTA Director General His Excellency Khalid Ali Al Bustani
May 23rd, 2018 - 11:00 GMT

UAE Federal Tax Authority Launches 8 Awareness Videos Introducing Businesses to Tax Return Submission Procedures

Mohammed Ali Rashid Lootah, CEO of the CCCP sector
May 23rd, 2018 - 10:56 GMT

DED Receives 8,166 Consumer Complaints in First 3 Months of 2018

Cirque du Soleil has reportedly signed a deal to perform in the Kingdom. Cirque du Soleil. (AN)
May 23rd, 2018 - 08:07 GMT

Ramadan Fun Activities Reflect on Saudi Arabia’s Potential

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