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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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Jordan’s public debt and budget deficit levels are negatively affecting loanable funds available at banks across the country, according to a new study. (File photo)
February 26th, 2018 - 11:56 GMT

Public Debt, Budget Deficit Reducing Loanable Funds at Banks: Jordan

The Dubai Business Club aims to provide a unique and unified service window to premium customers.
February 26th, 2018 - 10:13 GMT

Dubai Business Club Rated 6-Stars as Dubai Economy Pursues Improved Customer Happiness

The Open Food Platform has already brought 650 companies and investors in the foods sector together with government entities and regulators.
February 26th, 2018 - 09:12 GMT

Dubai Exports, FBMG Launch ‘Open Food Platform’ at Gulfood 2018

Ali Eissa Al Nuaimi, Director General, DED-Ajman
February 26th, 2018 - 07:08 GMT

Department of Economic Development – Ajman Takes Part in Inauguration of ‘Ajman Living Lab’

A Libyan rebel stands guard on top of a roof overlooking thousands performing noon prayers in Revolution Square in Benghazi on May 13, 2011. (Saeed Khan/ AFP)
February 25th, 2018 - 12:31 GMT

Libya First Overseas Destination for Turkey’s Construction Sector: Minister

The event drew the participation of senior officials and RIT – Dubai students.
February 25th, 2018 - 11:58 GMT

Dubai Silicon Oasis, Rochester Institute of Technology Dubai Host Arabic E-Literature Conference

Prince Alwaleed bin Talal. (Reuters)
February 25th, 2018 - 11:32 GMT

Prince Alwaleed, Khalid Al Falih: Top 5 Most Powerful Men in Saudi Arabia

According to the agreement, Bin Butti shall design, build, operate and invest in both projects.
February 25th, 2018 - 07:27 GMT

Abu Dhabi City Municipality, Bin Butti Sign Agreement for Two Community Markets at Al Nahda Al Askaria

The agreement follows a meeting between Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation, and Mr. Miguel Braun, Argentine Secretary of Trade and a high-level delegation visiting the UAE.
February 25th, 2018 - 07:14 GMT

UAE-Argentina Business Platform Launches Operations in Jebel Ali Free Zone

The event honored the employees for their valuable contributions in enhancing the emirate’s business environment through best practices that attract investments which contribute to the growth of the national economy.
February 25th, 2018 - 06:56 GMT

Department of Economic Development- Ajman Celebrates Employee Achievements in 2017

More than 16,000 visitors have visited the Gallery since its launch.
February 25th, 2018 - 06:37 GMT

Photo Gallery on Dubai Customs Innovations Sees 16,000 Visitors

Bitcoin and other cryptocurrencies could be used to send funds to Iran, bypassing sanctions imposed by the US. (AFP/ File)
February 22nd, 2018 - 12:07 GMT

Iran Could Turn to Its Own Cryptocurrency, to Avoid US Sanctions

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