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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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Bosnia has become a favored destination for Arab tourists and investors alike.  In the photo: Bosnian women take cover from the rain under umbrellas in Sarajevo, on January 15, 2014. (AFP)
January 21st, 2018 - 02:21 GMT

Arabs Hold Over 40 Percent of Bosnia’s FDI: Turkish Businessman

From Bill Gates to Marc Benioff, read on for some of the most notable technologists speaking at the World Economic Forum this year. (Shutterstock)
January 21st, 2018 - 12:12 GMT

World Economic Forum 2018: Bill Gates, Dara Khosrowshahi and Jack Ma Among Top Speakers

Borrowing money in the UAE could become more difficult as interest rates are expected to increase this year, in line with increases by the US Federal Reserve. (Shutterstock)
January 21st, 2018 - 10:26 GMT

Higher Interest Rates, the End of Easy Borrowing in UAE?

Saudi Arabia has announced the launch of 'Adaa', a dedicated entity for public performance measurement.
 (Shutterstock)
January 21st, 2018 - 10:02 GMT

New Center Launched to Rate Performance of Public Services: Saudi Arabia

The walkathon will be headed by Ahmed Mahboob Musabih, Director of Dubai Customs with the participation of senior executives, managers and employees.
January 21st, 2018 - 07:48 GMT

Dubai Customs Launches Zayed Centennial Walkathon at Al Khawaneej Walking Track

The two-month diploma programme enables employees to be trained by experts from Dubai Economy and DIHRD on improving government performance and achieving excellence.
January 21st, 2018 - 06:00 GMT

Dubai Economy and DIHRD Graduate Students in ‘Professional Diploma in Commercial Compliance’

Bitcoin has all the hallmarks of a speculative bubble but the global economy will be fine even if it bursts, analysts say. (Shutterstock)
January 18th, 2018 - 01:00 GMT

Bitcoin Bubble Will Burst, But No Big Deal

The main driver behind the restoration of Egypt’s economic competitiveness was the decision to float the pound in November 2016, the report states. (Shutterstock)
January 18th, 2018 - 11:42 GMT

Egypt’s Economy to Record Region’s Strongest Growth by 2019: Report

Saudi Arabia issued a directive on Wednesday to transfer $2 billion to Yemen’s central bank to "alleviate the suffering" of the Yemeni people. (AFP)
January 18th, 2018 - 10:57 GMT

Yemenis Hail $2 Billion Saudi Cash Injection, Rial Soars

Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Airport Freezone Authority (DAFZA)
January 17th, 2018 - 11:14 GMT

Sheikh Ahmed Bin Saeed Approves DAFZA's Digital Intelligence Plan

Jason Tuvey, Middle East analyst at Capital Economics, said that recent price hikes for fuel and power, and VAT, would affect expats more than Saudi citizens. Here's why. (AFP/ File)
January 17th, 2018 - 10:13 GMT

VAT, Price Hikes Will Affect Expats More than Saudis: Report

The Standard Chartered Dubai Marathon unfolds over 42km of the city's streets, involves more than 30,000 competitors and has several stretches of Dubai's road network closed for half a day.
January 17th, 2018 - 08:44 GMT

Marathon City Effort Keeps Dubai Race at the Forefront of World Athletics

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