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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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Philippine's President Rodrigo Duterte asked the 600,000 Filipinos working in Kuwait to pack and leave. Here's why. (AFP)
January 25th, 2018 - 01:07 GMT

President Duterte Asks 600,000 Filipinos in Kuwait to 'Pack and Leave'

The new law, which consists of 47 articles, aims at regulating commercial mortgage contracts. (Shutterstock)
January 25th, 2018 - 12:23 GMT

Saudi Arabia Approves New Commercial Mortgage Law

ECHA announcement states that the deadline for the registration of exporters of materials and products that have chemical components to the EU in accordance with REACH is on May 31, 2018.
January 25th, 2018 - 11:40 GMT

UAE Ministry of Economy Issues Statement on the Announcement of the ECHA

The UAE has signed a deal with the World Economic Forum (WEF) to establish a Center for Fourth Industrial Revolution. More details here. (Shutterstock)
January 25th, 2018 - 10:08 GMT

Fourth Industrial Revolution Center Coming Soon to UAE!

Enterprises which export goods and services are entitled to deduct the VAT-eligible input taxes they paid, provided they file their tax returns as required, the Authority said.
January 25th, 2018 - 09:57 GMT

Saudi Exports Are Zero-Rated Under VAT: Zakat Authority

"Strengthening Canada's economic relationship with countries in Asia-Pacific region, to support prosperity and create jobs for our middle class, is a priority for Canada." - Prime Minister Justin Trudeau (AFP/ File)
January 24th, 2018 - 04:00 GMT

Canada First: Justin Trudeau Strikes Asia-Pacific Trade Agreement, Without US

President Donald Trump’s speech to the World Economic Forum is scheduled for Friday. In the meantime, his delegation made its debut in Davos on Wednesday morning, answering questions on everything from U.S. stock markets to trade with Asia. (AFP)
January 24th, 2018 - 02:54 GMT

Dollar Falls on Trade Worries, Trump Speech at Davos

H.E. Dr. Amin Hussein Al Amiri, Assistant Undersecretary for Public Health Policy and Licensing of the Ministry of Health and Prevention (MOHAP)
January 24th, 2018 - 02:17 GMT

UAE Minister of Health Issues Ministerial Decree for the Registration of Innovative Medicines

The Federal Tax Authority (FTA) reported a high level of responsiveness and cooperation from the shipping, customs clearance, logistics sectors with regulations surrounding the implementation of VAT.
January 24th, 2018 - 01:06 GMT

Business Sector Highly Cooperative on VAT Regulations: UAE's Federal Tax Authority

The visits are part of the department’s move to check on how their branches are faring and to provide solutions that can help address the needs of their customers and employees.
January 24th, 2018 - 12:49 GMT

Director General Al Nuaimi Inspects DED - Ajman Branches in Al Manama and Masfout

The decision came after the UAE confirmed it would tackle tax avoidance strategies with tougher reforms. (Shutterstock)
January 24th, 2018 - 12:23 GMT

EU Removes UAE From Tax Haven Blacklist, Keeps Bahrain

Renault Al Babtain will continue to participate in driving Kuwait’s community initiatives forward through its commitment to encourage a healthier and better lifestyle.
January 24th, 2018 - 11:35 GMT

NBK Walkathon Winners Begin New Journey With Renault Koleos and Renault Megane

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