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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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The Egyptian Parliament this week approved the country’s first-ever bankruptcy law. (AFP)
January 11th, 2018 - 09:34 GMT

Egyptian Parliament Approves Country's First Bankruptcy Law

The UAE has released a simplified explainer, or guide, on exemptions and taxable items in the health and education sectors. More here. (Shutterstock)
January 11th, 2018 - 08:17 GMT

Know Your Rights: UAE Issues Guide on VAT in Health, Education Sectors

Andrew Norwood, research vice president at Gartner
January 11th, 2018 - 06:13 GMT

Semiconductor Revenue Grows 22 Percent in 2017, Samsung Largest Supplier: Report

In the Arab region, the concept of CVC is still at a nascent stage, however, the wave of high-growth technology startups represents an untapped avenue for investors. (Shutterstock)
January 10th, 2018 - 06:00 GMT

Opinion: Forget About Traditional VC Funding, CVC Is What MENA Needs

The UAE's economy is geared to grow at an accelerated pace in 2018. (Pixabay)
January 10th, 2018 - 12:55 GMT

UAE’s Economy to Grow 3.6 Percent in 2018, up From 1.7 Percent Last Year

The UAE has published the names of the free zones that will be exempt from VAT. Here’s the full list. (Courtesy of Jafza)
January 10th, 2018 - 11:31 GMT

FTA Announces List of VAT Free Zones in the UAE

Saudi Arabia on Tuesday approved a 20 percent bonus for three years for those working in the veterinary field. (Pixabay)
January 10th, 2018 - 09:54 GMT

20 Percent Bonus for Veterinary Workers in 2018: Saudi Arabia

Foreign investors will be allowed to own up to 49 percent of shares on the Saudi stock market, according to a document published by the local regulator. (AFP)
January 10th, 2018 - 08:40 GMT

Ahead of Aramco IPO: Foreigners Allowed to Own up to 49 Percent of Saudi Stocks

The highest percentages of unemployment in Saudi Arabia are found in Medina, Baha and Jouf regions, according to the General Authority for Statistics. (Shutterstock)
January 9th, 2018 - 12:58 GMT

Saudi Arabia: Unemployment Highest in Medina, Baha and Jouf

Nearly three quarters of GCC employers are expecting to recruit new staff over the next year, according to a report by recruitment firm Hays. (Shutterstock)
January 9th, 2018 - 11:58 GMT

75 Percent of GCC Employers Expected to Hire in 2018: Report

The group were arrested after protests at a royal palace in Riyadh on Thursday. (Shutterstock)
January 9th, 2018 - 11:01 GMT

Sons of Almarai Founder Arrested in Saudi Arabia Over Protest

Photos for participants were taken and glued together to create a big mosaic for Sheikh Mohammed bin Zayed Al Nahyan.
January 9th, 2018 - 10:08 GMT

Dubai Customs Employees and Clients Make a 950-Photo Mosaic to Thank Mohammed Bin Zayed

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