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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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Saudi Arabia had designed and was working on 200km of rail track to link with the Gulf Railway, while Qatar, Bahrain and Kuwait were designing their portions. (Shutterstock)
March 13th, 2018 - 06:00 GMT

GCC States Committed to Gulf Railway Project, Despite Spat With Qatar

Total remittances from the country meanwhile rose 2.2 percent to 164.3 billion dirhams in 2017 from 160.8 billion dirhams the previous year. (AFP)
March 13th, 2018 - 04:00 GMT

India Top Recipient of Foreign Remittances From Expats Working in UAE

The country plans to "saudize" 28,000 government jobs by 2020. (Photo: Saudi Gazette)
March 13th, 2018 - 01:25 GMT

Saudi Arabia Wants to Create 28,000 Government Jobs for Saudis by 2020

The statement said that the FTA with Turkey has not yielded the expected fruits. (Shutterstock)
March 13th, 2018 - 12:02 GMT

Jordan Suspends Free Trade Agreement With Turkey

Dubai Customs launched its “Innovation in Customs” initiative that helped showcase the innovations of its employees.
March 13th, 2018 - 11:05 GMT

Dubai Customs Announces 132 Jobs at Careers UAE 2018

Throughout the fair, PepsiCo will offer summer internships to fresh graduates with 0-2 years’ experience.
March 13th, 2018 - 10:41 GMT

PepsiCo Invites Emiratis to Explore Leadership Program Placements at UAE Career Fair

The number of goods seized was significantly lower compared to the previous year  - AED 1.19 billion in 2017 as against AED 1.16 in 2016.
March 13th, 2018 - 08:21 GMT

DED Dubai Says Fake Goods Seized in 2017 Down by Numbers, up by Value

South Korea is one of the world's leading markets for cryptocurrencies, just behind Japan and the United States. (Shutterstock)
March 12th, 2018 - 12:31 GMT

1 in 5 South Korean Millennials Have Invested in Bitcoin, Cryptocurrency

About 14 percent of the total number of families in Egypt – or 3.3 million families – are supported by women as the main breadwinners, according to a report. (Khaled Desouki/ AFP)
March 12th, 2018 - 11:47 GMT

Over 3 Million Egyptian Families Depend on Women as Breadwinners: Report

The Successful Marriage program brought together 200 prospective brides and grooms from both entities ahead of the 7th Mass Wedding.
March 12th, 2018 - 06:31 GMT

PCFC, GDRFA Conclude Successful Marriage Program Ahead of 7th Mass Wedding

The new dependent fee has pushed more and more expat families to leave the Kingdom. (File photo)
March 11th, 2018 - 12:44 GMT

Rents in Saudi Arabia Continue Downward Slide as Expat Families Leave

Mohammed Al Kamali, Deputy CEO of Dubai Exports
March 11th, 2018 - 09:37 GMT

Dubai Exports Spreads Local Fragrances to Brazil

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