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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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Approval was issued for an Iraqi investor to obtain Jordanian nationality. (Shutterstock)
April 3rd, 2018 - 10:12 GMT

Jordan: Iraqi Investor First to Receive Citizenship Under New Law

Full year 2017 saw the announcement of 126 deals worth approximately $16.0 billion as compared to 129 deals in 2016 at a total value of $37.8 billion. (Shutterstock)
April 3rd, 2018 - 09:15 GMT

M&A Deals in Middle East Down 57 Percent in 2017: Report

Protectionism was not a tool to protect economies and will not help maintain sustainable growth. (Shutterstock)
April 3rd, 2018 - 08:49 GMT

UAE Opposed to Protectionism, Top Official Says

On June 23, 2016, citizens of the UK voted to cut ties and leave the 28-member European economic bloc. (Shutterstock)
April 2nd, 2018 - 10:16 GMT

Brexit Countdown Begins: What's Next?

The package is part of DED’s commitment to building trust among the various business sectors and reinforcing Dubai’s prestige as a business destination.
April 2nd, 2018 - 09:53 GMT

Department of Economic Development Launches ‘Commercial Compliance Package’ to Support Business Owners

If approved, the bill will impose a BD400 annual fee for non-Bahraini students. (Courtesy of DT News)
April 1st, 2018 - 12:07 GMT

Bahrain: New Bill to Impose School Fees on Non-Bahraini Students

The Bitcoin rout happened at 15 times the rate of the tech bubble. (Shutterstock)
March 29th, 2018 - 02:00 GMT

Back to $20,000: Is Bitcoin Pain Almost Finished?

Turkish GDP at current prices climbed to over 3.1 trillion Turkish liras last year, up 19 percent from 2016. (Shutterstock)
March 29th, 2018 - 10:36 GMT

Turkey’s Economy Grows 7 Percent in 2017, GDP up 19 Percent

Ajayy Singh, CEO of DP World Sokhna
March 29th, 2018 - 05:56 GMT

DP World Sokhna Welcomes Largest Bulk Cargo Vessel to Enter the Red Sea

The Dubai Turf is an 1800-meter (1 1/8 mile) trip around one turn of the grass course and attracts some of the best horses from around the world.
March 28th, 2018 - 08:23 GMT

Horse Racing Fans Await DP World’s $6 Million Dubai Turf

Kuwait government agrees with a proposal to tax remittances made by expatriates and denied that the Central Bank raised objections. (Shutterstock)
March 28th, 2018 - 08:20 GMT

Kuwait Government Agrees With Proposal to Tax Expats’ Remittances

Plenty of GCC firms plan to develop dynamic compensation strategies this year. (Shutterstock)
March 27th, 2018 - 09:31 GMT

Salaries in GCC: Employers 'Cautious' About Pay Rises, Bonuses in 2018

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