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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 winners were congratulated and recognized by Ahmed Mahboob Musabih, DC Director, in presence of executive directors, heads of departments and a number of staff.
March 5th, 2018 - 12:18 GMT

Dubai Customs Honors ‘Innovator Award’ Winners

Saud Abu Al Shawareb, Abdulla Belhoul, Yousuf Ali M.A and Salim M.A during the signing agreement.
March 5th, 2018 - 11:59 GMT

Dubai Wholesale City Signs Dh300 Million Agreement With Lulu Group

On Sunday, President Sheikh Khalifa bin Zayed Al Nahyan issued a decree establishing the new firm. (Photo: Wam)
March 5th, 2018 - 11:33 GMT

Abu Dhabi Sets up Dh500 Million Body to Regulate Government Firms

The final agreement been signed between DP World and the Dubai government.
March 5th, 2018 - 11:04 GMT

DP World to Begin Work on Somaliland Free Zone

The two countries agreed to activate a $10 billion investment fund late on Sunday during a visit to Cairo by Saudi Crown Prince Mohammed bin Salman. (AFP)
March 5th, 2018 - 10:53 GMT

Egypt, Saudi Arabia Launch $10 Billion Investment Fund on Crown Prince's Visit

By visiting DED’s social media platforms, customers can now present ideas and distinguished solutions that can play a major role in simplifying procedures and achieving customers happiness.
March 5th, 2018 - 10:38 GMT

DED-Ajman Invites Customers to Participate in the Development of Major Services

Sami Al Qamzi, Director General of DED
March 5th, 2018 - 08:36 GMT

Dubai SME Introduces Regulations for Business Accelerators and Incubators

On Thursday, Donald Trump announced tariffs on steel of 25 percent. (AFP/ File)
March 4th, 2018 - 12:30 GMT

Opinion: Trump’s Steel Tariffs Pull the Trigger on a Trade War

Tunisia's external debt includes 50 percent of multilateral debts, 14 percent of bilateral debts and 36 percent of debts contracted with the international financial market. (Shutterstock)
March 4th, 2018 - 10:23 GMT

Tunisia’s Debt Races to Danger Zone, at 69.9 Percent of GDP

A core team of 44 chefs from DWTC participated in the five-day event.
March 4th, 2018 - 09:23 GMT

Hospitality by DWTC Wins 37 Accolades at Salon Culinaire 2018

AMAF will mark the Year of Zayed through showcasing the latest achievements of the Salma Humanitarian Relief Program.
March 4th, 2018 - 08:05 GMT

UAE's Awqaf and Minors Affairs to Showcase Humanitarian Relief Achievements at DIHAD 2018

The new body will commence operations on March 1, and will be responsible for licensing all real estate professionals and developments in Bahrain. (Shutterstock)
March 1st, 2018 - 02:36 GMT

Bahrain Announces New Real Estate Regulatory Authority

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