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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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On average, female-founded companies create over 60 per cent more value for investors than those founded by men. (Shutterstock)
April 29th, 2018 - 09:06 GMT

Middle East Economies Is Closing More Than 60 Percent of Its Overall Gender Gap

Bitcoin has inevitably brought change to how we perceive - and perhaps, make - investments. (Shutterstock)
April 29th, 2018 - 08:31 GMT

Let's Talk Crypto, 'What Really Is Bitcoin?'

Abdullah Mohammed Al Khaja, Executive Director of Clients Management Division from Dubai Customs and Malik Hanouf, CEO of BPG signed the agreement.
April 29th, 2018 - 05:49 GMT

Dubai Customs Inks MoU With BPG to Curb Counterfeiting

DED conducts the quarterly survey to capture the outlook of companies in the emirate so that government authorities and the private sector can track and analyse major business trends and issues.
April 29th, 2018 - 05:01 GMT

Business Confidence in Dubai Continues to Rise, Survey Shows

A total of 165,824 students from 172 schools and 30 universities have participated in the award since its launch up to the end of 2017.
April 26th, 2018 - 10:52 GMT

Dubai Customs Celebrates the World Intellectual Property Day 2018

With so much focus on bitcoin lately, we've added a new weekly update that tracks the three largest cryptocurrencies by market share. (Shutterstock)
April 26th, 2018 - 09:50 GMT

Top 3 Cryptocurrencies by Market Share in 2018

In February, the amount of net foreign direct investment (FDI) rose by nearly 12 percent year-on-year. (Shutterstock)
April 26th, 2018 - 07:51 GMT

Turkey Earns Over $500 Million net Investment in February

Rents in certain communities in Dubai can cost a year's salary, but other locations offer some bargains. (Shutterstock)
April 26th, 2018 - 07:35 GMT

Top 10 Cheapest Places to Rent in Dubai

Saudi Arabia's aim is to increase the private sector contribution to gross domestic product from 40 percent to 65 percent by 2030. (Shutterstock)
April 26th, 2018 - 07:20 GMT

Saudi Makes Ports, Schools and Hospitals Priorities in Privatization Plan

The workshop, entitled “Roadmap to Sustainability Reporting”, was organised by the Network’s Sustainability Reporting Task Force.
April 26th, 2018 - 05:24 GMT

Dubai Chamber Workshop Examines Best Practices in Sustainability Reporting

Both major oil producers have moved closer together in the face of increasing U.S. sanctions pressure. (Shutterstock)
April 25th, 2018 - 09:17 GMT

Russia Eyes an Interim Trade Agreement With Iran

Inflation leapt to 3 percent year-on-year in the immediate aftermath of the introduction of a 5 percent VAT charge in January. (Shutterstock)
April 25th, 2018 - 07:08 GMT

Saudi Inflation Starts to Decline as VAT Impact Lessens

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