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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 partnership agreement was signed by Sami Al Qamzi, Director General of DED, and Mohammed Al Ahli, Director General of the Dubai Civil Aviation Authority, in the presence of senior officials from both sides.
April 11th, 2018 - 10:13 GMT

Dubai's DED and DCAA Join Hands to Monitor Aviation-Related Businesses

Men and women in the UAE will be equally paid according to a new draft law. (Shutterstock)
April 11th, 2018 - 08:50 GMT

Equal Pay: UAE Announces Draft Law to Fix Gender Pay Gap

The private sector’s contribution to the gross domestic product of Saudi Arabia grew to 48 percent in 2017.  (Shutterstock)
April 11th, 2018 - 08:13 GMT

Saudi Arabia: Private Sector's Share in GDP up 48 Percent in 2017

The UAE donated the largest amount to war-torn Yemen. (AFP)
April 11th, 2018 - 07:54 GMT

UAE World’s Largest Donor by National Income, for Fifth Year: OECD

The forum sought to highlight the broad profile and attributes of developing and sustaining a smart city for future economic development.
April 11th, 2018 - 06:25 GMT

DED and Abu Dhabi University Co-Host Smart City Forum

 Dubai Customs is participating in this year’s Dubai International Government Achievements Exhibition (DIGAE) with 21 initiatives.
April 11th, 2018 - 06:12 GMT

PCFC’s Stand at DIGAE Sees Heavy Diplomatic Footfall

Admiral Mafouz Taha, Vice Chairman SC Zone, and Xi Manding, Managing Director of Cosco Egypt During the opening ceremony.
April 11th, 2018 - 05:27 GMT

DP World Sokhna Invests EGP3 Million in Customer Service Center

Fear has now replaced greed as the dominant sentiment on Wall Street, with the Chicago Volatility Index up 90 per cent in 2018. (AFP)
April 10th, 2018 - 03:00 GMT

Trump vs. China: How Trade Wars Could Affect Global Markets

The service was announced along the sidelines of the Dubai International Government Achievements Exhibition.
April 10th, 2018 - 09:54 GMT

DED Launches First AI-Based Consumer Protection Service in the World

European Union is the largest trading partner of the GCC. (Shutterstock)
April 10th, 2018 - 09:32 GMT

EU Becomes GCC’s Largest Trading Partner, With Over $175 Billion

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World
April 10th, 2018 - 08:02 GMT

DP World, UAE Region Rolls out Truck Safety Programme With RTA

The first units have gone on sale at Sharjah’s Maryam Island, for the Azure Beach Residence project by Eagle Hills Sharjah. (Shutterstock)
April 10th, 2018 - 06:39 GMT

Invest in Sharjah: Home Sales Start at Al Maryam Island

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