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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 agreement was signed by Juma Al Ghaith, Executive Director of Customs Development Division at Dubai Customs and Ahmed Obeid Al Falasi, Assistant Director-General for Corporate Support Sector at Dubai Municipality.
November 27th, 2017 - 09:34 GMT

Dubai Customs Signs Agreement to Provide IT Expertise to Dubai Municipality

The UAE today approved the names of 737 Emiratis who are eligible for housing support, at Dh476 million. (File photo)
November 26th, 2017 - 08:00 GMT

Emiratis Get Dh476 Million in Housing Assistance in UAE

Expo 2020 Dubai has so far awarded Dh10.8 billion construction contracts in 2017. (Karim Sahib/ AFP)
November 26th, 2017 - 07:00 GMT

Expo 2020 Awards Over Dh11 Billion in Contracts in 2017

Saudi Arabia's stock market (Tadawul). (AFP/ File)
November 26th, 2017 - 06:00 GMT

Saudi Arabia Eases Requirements for Foreign Investors in Stock Market

Buildings in Dubai will soon be charged for waste collection as Dubai Municipality has decided to outsource the service to the private sector. (File photo)
November 26th, 2017 - 11:43 GMT

New Waste Fee Announced for Buildings in Dubai

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World
November 24th, 2017 - 06:00 GMT

Dubai Trade Implements ISO 18295-1:2017 Standards for Customer Contact Centre

Credit Suisse outlines that the global economy is likely to see sustained solid growth even as monetary policy becomes less accommodative.
November 23rd, 2017 - 10:24 GMT

Credit Suisse’s Investment Outlook Expects Sustained Growth in 2018; Further Upside Potential in Equities

Oman has revealed a 3 billion Omani riyal deficit for 2018. (File photo)
November 22nd, 2017 - 07:00 GMT

Oman Unveils Projected Budget, Revenues and Deficit for 2018

Royals and businessmen held as part of Saudi Arabia’s corruption probe are already starting to make payments to settle cases, according to reports. (AFP/ File)
November 22nd, 2017 - 02:47 GMT

Saudi Arabia Receives First Payments From Arrested Princes, Businessmen

The 24th edition of the World Islamic Banking Conference will be held in Bahrain from December 4-6.
November 22nd, 2017 - 08:02 GMT

World Islamic Banking Conference Highlights Role of Digital Technologies in Retaining Competitive Edge

Saudi Arabia's non-oil revenue jumped 80 percent in the third quarter to SR47.8 billion, according to official figures. (File photo)
November 21st, 2017 - 12:21 GMT

Saudi Arabia's Credit Ratings Affirmed by S&P, With Stable Outlook

Maitha Al Shamsi, Executive Director of CDA’s Human Rights Sector
November 20th, 2017 - 11:54 GMT

Dubai’s Community Development Authority Launches ‘Friends for the Rights of the Child’ Awareness Programme

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