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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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Ahmed Mahboob Musabih, Director of Dubai Customs
January 16th, 2018 - 10:24 GMT

Dubai Customs Gears up for 1st UAE Customs Week

Private companies will take over the inspection activities in a move to ensure better services especially in matters of public health, sources said. (AFP)
January 16th, 2018 - 09:30 GMT

Saudi Arabia to Privatize Inspections by Ministry of Labor: Al-Madina Newspaper

Paul Ashton, Executive Director - Property, DMCC
January 16th, 2018 - 09:29 GMT

DMCC Awards Uptown Dubai Raft Foundation Contract to HLG

The Qatar-Turkey Economic Forum, slated on Tuesday in Doha, aims to enhance economic cooperation between Qatar and Turkey in various fields. (AFP)
January 16th, 2018 - 08:42 GMT

Qatar-Turkey Economic Forum Launches Today in Doha

Here are the top five things you need to know in global markets today Monday, January 15. (Shutterstock)
January 15th, 2018 - 01:30 GMT

Gold Higher on Weaker Dollar: Top 5 Things to Know Today in the Markets

Saudi Arabia and Japan signed six MoUs on the sidelines of the Saudi-Japanese Business Forum that kicked off in Riyadh this week. (Courtesy of SPA)
January 15th, 2018 - 12:32 GMT

Saudi Arabia Meets 40 percent of Japan’s Energy Needs: Khaled Al-Falih

Kuwait has ordered all ministries to prepare their lists of expats to expel by March 2019. (Shutterstock)
January 15th, 2018 - 11:43 GMT

Kuwait Pushes Ahead With Kuwaitization of Government Jobs

Consumers in Oman will pay more for electricity from February 1, with ‘fees’ based on consumption, authorities have revealed. (File photo)
January 15th, 2018 - 09:33 GMT

Oman Introduces New Taxes on Electricity Consumption, Hospitality

Ajay Singh, CEO of DP World-Sokhna
January 14th, 2018 - 12:15 GMT

DP World Sokhna Welcomes Largest PIL Vessel on Asia-Red Sea Route

“We don’t have a real economy in Lebanon. The model we have been living in for the past 25 years is no longer sustainable. We need a change.” - Raed Khoury, Minister of Economy and Trade (Courtesy of The Daily Star)
January 14th, 2018 - 12:13 GMT

McKinsey to Pitch Ideal Economic Model for Lebanon in Six Months: Minister

Titled “Saudi Arabia 10th Anniversary Cover”, the contest was one of a series of initiatives organised by OBG to mark a decade of operations in the Kingdom.
January 14th, 2018 - 09:15 GMT

Oxford Business Group Announces Winner of Saudi Arabia Photo Competition

British shoppers tightened their spending over Christmas, leading to the first year-on-year fall in spending since 2012. (Shutterstock)
January 11th, 2018 - 06:00 GMT

British Shoppers' Spending at Lowest Level Since 2012: Survey

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