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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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About 12 Saudi and 9 UAE companies could potentially list on local exchanges in 2018. (AFP/ File)
February 19th, 2018 - 11:47 GMT

Saudi Arabia, UAE to Drive Middle East’s IPOs in 2018

The EDB’s record number of investments in 2017 represents a significant increase of 161% compared to 2016.
February 19th, 2018 - 10:45 GMT

Bahrain Attracts $733 Million New Investments in 2017: EDB

"Promoting external trade in support of national economy is a priority for us at Dubai Customs." - Ahmed Abdul Salam Kazim, Director of Strategy at Dubai Customs
February 19th, 2018 - 09:17 GMT

Dubai's External Food Trade Reached Dh70.2 Billion in 2017: Dubai Customs

Running from February 18-22, Gulfood 2018 is expected to attract more than 97,000 attendees. (File photo)
February 18th, 2018 - 11:10 GMT

Gulfood 2018 Kicks off in Dubai!

Saudi Arabia has some of the world's tightest restrictions on women. (Fayez Nureldine/ AFP)
February 18th, 2018 - 10:45 GMT

Saudi Women Can Start a Business Without Male Permission: Ministry

Cross-border commercial traffic was suspended after South Sudan declared independence in 2011. (Courtesy of Voa News)
February 15th, 2018 - 01:43 GMT

Sudan, South Sudan Resume Cross-Border Trade After 7 Years

DP World Group chairman and CEO Sultan Ahmed Bin Sulayem speaking at the World Government Summit in Dubai.
February 15th, 2018 - 12:15 GMT

DP World Signs Trade Pact With India State

Corruption in the real estate sector is one of many instances of corruption in Lebanon. (Shutterstock)
February 15th, 2018 - 11:35 GMT

Corruption in Real Estate Costs Lebanon $40 Million a Year

Vikas Panchal, Business Head at Tally Solutions
February 15th, 2018 - 11:22 GMT

Tally: Apprehensions Edge Away as VAT Becomes New Norm in UAE

Saif Al Mansoori, Head of Listed Companies at ADX
February 15th, 2018 - 10:55 GMT

ADX Achieves 99 Percent in Disclosure Compliance in 2017

The new tax comes on top of the value-added tax (VAT) and the already existing service tax. (File photo)
February 15th, 2018 - 09:28 GMT

Saudi Arabia Introduces New Tax on Hotels, Furnished Apartments

DED-Ajman has revealed its participation via a series of motivational activities that have been designed to encourage creativity, innovation and design.
February 14th, 2018 - 12:49 GMT

Department of Economic Development – Ajman to Kick off Activities for UAE Innovation Month Tomorrow

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