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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 Tata delegates toured Jebel Ali Port and Free Zone, including Terminal 3.
March 21st, 2018 - 08:53 GMT

DP World Holds Talks With Tata Group on Opportunities for Cooperation

Saudi crown prince's interview with CBS News set the tone for his US tour. Here's how. (Screenshot/ CBS News)
March 20th, 2018 - 12:12 GMT

'$20 Billion of State Funds Was Disappearing Every Year': Mohammed Bin Salman Defends Corruption Probe in CBS Interview

The forum brings together around 1,000 business leaders, entrepreneurs, diversity champions and policy-makers from both genders. (Courtesy of WEF)
March 20th, 2018 - 11:47 GMT

'We Can't Understate the Role of Mohammed Bin Salman': Women Economic Forum Opens in Riyadh

Senior officials of the RAK Chamber of Commerce and Industry.
March 20th, 2018 - 05:58 GMT

RAK Road Riders 2018 Aims at Guinness Record in Motorcycle Wheelies

Leaders from the world’s top 20 economies are set to meet in Buenos Aires this week, with the current state of the global economy at the top of the agenda. (AFP)
March 19th, 2018 - 12:59 GMT

G20 Meeting, Bitcoin Woes: 5 Things to Know in Global Markets Today

As many as nine companies in the UAE are likely to raise funds through IPOs this year. (Ben Job/ Reuters)
March 19th, 2018 - 12:14 GMT

UAE Companies Could Raise $9 Billion From IPOs in 2018

Of the total 13.6 million tons of waste produced by 169 Saudi cities annually, 6 million tons are in Riyadh, Jeddah and Dammam. (AFP)
March 18th, 2018 - 01:23 GMT

Booming Business: 13.6 Million Tons of Waste Produced Annually by Saudi Arabia

Jordan has ranked the 90th happiest country in the world in the UN’s 2018 World Happiness Report, a 16-place drop from last year’s results. (Photo: Getty Images)
March 18th, 2018 - 12:26 GMT

'Life Is Tough': Jordan Drops 16 Places in UN's 2018 World Happiness Report

Lebanon's 2018 draft budget is expected to a get the nod of approval from Parliament in April. (AFP)
March 18th, 2018 - 12:11 GMT

Lebanon: Parliament Seeks to Approve 2018 Budget in April

The largest contribution to the overall price rise came from the food and beverage group which has risen by over 52.8 percent. (AFP/ File)
March 18th, 2018 - 11:47 GMT

Sudan's Inflation Jumps to 54.3 Percent in February

Kuwait’s National Assembly will not look at a government-sponsored draft law on imposing taxes as a priority, according to reports. (AFP/ File)
March 15th, 2018 - 11:39 GMT

‘Taxes Not a Priority’: Kuwait’s Parliament Pushes Back VAT Vote

How much success has Muhammad Bin Salman's UK visit achieved? (AFP/ File)
March 14th, 2018 - 08:55 GMT

Was the UK Visit a Success? Q&A About Saudi Crown Prince’s Tour

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