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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 Municipality calls on all residents of Abu Dhabi city and suburbs to comply with the rules for their health and safety.
January 7th, 2018 - 11:09 GMT

Abu Dhabi Municipality Issues 51 Offence Tickets Relating to Occupancy of Residential Units at Musaffah

 Trade with Azerbaijan in the first 9 months of 2017 rose to AED 679 million divided into imports with AED 4.3 million.
January 7th, 2018 - 11:03 GMT

Dubai Customs Receives Azerbaikjani Outgoing Consul General

King Salman has ordered the payment of a monthly allowance of SR1,000 for government and military staff. (AFP/ File)
January 7th, 2018 - 10:43 GMT

Saudi King Orders SR1,000 Payment to State Employees in 2018

QNB projects real GDP growth will average 2.2 percent for the full year in 2017.
January 7th, 2018 - 09:23 GMT

Qatar GDP Growth to Average 2.2 Percent for 2017, According to QNB

The FTA emphasizes on the importance of referencing and checking accurate sources of information.
January 7th, 2018 - 08:10 GMT

UAE Tax Authority Warns Citizens From Unreliable Sources of Information About VAT

Abdullah Naser Al Nuaimi, Ajman’s DED Assistant Director General for Economic Registration and Control
January 7th, 2018 - 07:37 GMT

Ajman’s DED Appoints Abdullah Al Nuaimi as Assistant Director General for Economic Registration and Control

Having a digital strategy is essential for ‘future proofing’ a company that wants to retain market share and stay ahead of the competition. Those who are nimble will reap the benefits of the value to be created through digitisation.
January 7th, 2018 - 07:29 GMT

PwC: Private Equity Firms Need to Keep up With the Digital Revolution in the Middle East

2017 marked the worst year for the U.S. dollar in more than a decade with the Dollar Index falling over 9%. Will the dollar recover in 2018? (Shutterstock)
January 4th, 2018 - 07:00 GMT

Will the US Dollar Recover in 2018?

The Qatari economy has proved resilient, and local sectors will benefit from the increased self-reliance. (AFP)
January 4th, 2018 - 06:00 GMT

Qatar Economy 2017: Resilience and Growth Despite Blockade

Despite the weakened buying support from foreign institutions and individual investors in the 0.14% dip in the 20-stock Qatar Index to 8,608.31 points, small- and large-cap equities, witnessed strong buying interests in the bourse.
January 4th, 2018 - 01:07 GMT

QSE Stays Above 8,600 Level Despite Minor Correction

Yousuf Mohamed Al Jaida, Chief Executive Officer, Qatar Financial Centre (QFC) Authority
January 4th, 2018 - 12:00 GMT

QFC Targets 50 Islamic Financial Companies

The UAE tax authority wants the following elements to be mentioned on any VAT bill. (Shutterstock)
January 4th, 2018 - 10:58 GMT

What Should a VAT Tax Invoice Include in UAE?

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