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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 matinee saw a number of other poets delivering poems dedicated to His Highness Sheikh Mohammed bin Zayed Al Nahyan,and to express love to the UAE.
April 24th, 2018 - 11:40 GMT

Poetry Matinee at Dubai Customs Entitled 'Thank You Mohammed Bin Zayed'

Bahrain was found to be the third best paying country among the five Gulf Cooperation Council states. (Shutterstock)
April 24th, 2018 - 11:00 GMT

Here Are the Top 20 Salaries in Bahrain 2018

Bank of America Merrill Lynch forecasts Saudi Arabia will continue to push forward with its reform process regardless of the rising price of oil. (Shutterstock)
April 24th, 2018 - 08:25 GMT

Saudi Arabia Economy in a 'Sweet Spot' Regardless of the Rising Price of Oil

While Filipinos are discouraged from working in Kuwait, thousands of opportunities await in other countries. (Pixabay)
April 24th, 2018 - 08:06 GMT

Thousands of jobs for Filipinos in UAE, Saudi Arabia, UK and Hong Kong

Hamed Ahmed Al Ali, CEO of Nasdaq Dubai
April 24th, 2018 - 07:49 GMT

Dubai Islamic Economy Development Centre Collaborates With Nasdaq Dubai to Develop New Initiatives

Ajay Singh, DP World Sokhna CEO
April 24th, 2018 - 05:43 GMT

DP World Sokhna Launches Vehicle Booking Service to Enhance Trade Movement

There is one crucial aspect of investment management that is often overlooked - documenting your investments. (Shutterstock)
April 23rd, 2018 - 09:26 GMT

Planning to Invest in UAE? Follow These 6 Simple Tips

Dubai Economic Department had forecast the economy would growth 3.2 per cent in 2017 and 3.5 per cent in 2018. (Shutterstock)
April 22nd, 2018 - 10:14 GMT

Dubai’s Economy Slows in 2017: Report

Shaikha Ahmed Al Bishri, Director of the Business Excellence Department in DED.
April 22nd, 2018 - 08:28 GMT

Business Excellence Awards 2017 Winners to Be Declared on April 24

Jordan suspended the free trade agreement deal with Turkey in March this year. (File photo)
April 19th, 2018 - 10:00 GMT

Jordan, Turkey to Renegotiate Suspended FTA Deal

The World Steel Association (Worldsteel) has projected global steel demand will rise 1.8 percent year-on-year in 2018. (File photo)
April 19th, 2018 - 09:00 GMT

World’s Steel Demand to Reach 1.62 Billion Tons in 2018: Report

India is the first trading partner for the UAE. (File photo)
April 19th, 2018 - 06:00 GMT

Trade Between UAE, India Likely to Cross $100 Billion by 2020

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