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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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Dr. Mohamed Alzarooni, Vice Chairman & CEO of DSOA
March 11th, 2018 - 07:00 GMT

Dubai Silicon Oasis Authority Registers 11.2 Percent Revenue Growth to Notch up Dh590.5 Million in 2017

Expats need to receive clearance from their employer as well as the Interior Ministry. (Shutterstock)
March 8th, 2018 - 11:05 GMT

Kuwait: Expat Government Employees Need Double Clearance for New Visa

Riyadh accounted for 198,789 of Saudi Arabian households earning more than $250,000 a year, Jeddah follows with 130,849. (Shutterstock)
March 8th, 2018 - 09:07 GMT

Riyadh Outranks Jeddah as Saudi City With Most Wealthy Families

Retired government employees can now own their home through a special real estate finance program launched this week. (Shutterstock)
March 7th, 2018 - 01:36 GMT

Saudi Arabia Unveils New Program to Finance Homes for Retired Employees

The Kuwaiti Ministry of Electricity and Water (MEW) plans to reassess its needs for expatriate workers. (File photo)
March 7th, 2018 - 12:06 GMT

Kuwait: Ministry of Electricity to ‘Reassess’ Jobs of Expats on Expiring Contracts

In parallel with the World Customs Organization’s HS celebrations, the Tariff and Origin Department of DC held an event commemorating thirty years of remarkable achievements and success stories.
March 7th, 2018 - 11:23 GMT

Dubai Customs Commemorates 30th Anniversary of the Harmonized System

The Ministry of Agriculture explained this increase by the jump of the quantities exported to Spain (1154.14%), Turkey (147.24%), Canada (136.55%) and Bulgaria (87.10%). (Shutterstock)
March 7th, 2018 - 10:33 GMT

Tunisia's Revenues From Organic Dates up 35 Percent in 2017

Mohammed Ali Rashid Lootah, CEO of CCCP
March 7th, 2018 - 10:25 GMT

DED Sees 35 Percent Drop in Complaints About Business Disputes During 2017

In an interview with The Telegraph, Mohammed Bin Salman said that Brexit would potentially free up Britain to do more business with Saudi Arabia. (AFP/ File)
March 6th, 2018 - 11:41 GMT

Brexit Means More UK Business for Saudi Arabia, Says Crown Prince

The partnership aims to provide businessmen and investors who seek to do business in Dubai with the highest levels of customer service excellence.
March 6th, 2018 - 08:52 GMT

DED, Talal Abu-Ghazaleh Join Hands to Enhance Services at Dubai Business Club

Khalid Ali Al Bustani, FTA Director General
March 6th, 2018 - 06:50 GMT

UAE Federal Tax Authority Calls on Businesses to Benefit From Decision to Waive Registration Penalties Until April 30

Ahmed Abdul Salam Kazim, Director, Strategy and Corporate Excellence, Dubai Customs
March 6th, 2018 - 06:33 GMT

Dubai Non-Oil Foreign Trade With Japan Stands at Dh42 Billion in 2017

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