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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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Congratulations to Jon Rahm, winner of DP World Tour, and Tommy Fleetwood, winner of Race to Dubai! (AFP)
November 20th, 2017 - 09:14 GMT

Rahm Wins DP World Tour, Fleetwood Wins Race to Dubai

Mohammed Al Muallem, Senior Vice President & Managing Director, DP World
November 20th, 2017 - 05:15 GMT

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

Here's a look at the top 5 things that moved global markets this past week. (Karim Sahib/ AFP)
November 19th, 2017 - 08:00 GMT

From Bitcoin to Dubai Airshow: Top 5 Things that Moved Markets This Past Week

The net foreign assets of the banking sector in Egypt scored about EGP 174.878bn at the end of August, up from EGP 139.658bn at the end of July, according to the Central Bank. (Shutterstock)
November 19th, 2017 - 07:00 GMT

Egypt's Net Foreign Assets Jump 25 Percent in One Month: Central Bank

UAE residents will spend Dh900 billion in the next five years, according to Euromonitor International's forecast. (File photo)
November 19th, 2017 - 05:00 GMT

Spending in UAE to Cross Dh900 Billion Mark by 2022: Report

The Value Added Tax (VAT) of five percent will also apply to purchasing petrol, according to the Saudi tax authority. (File photo)
November 19th, 2017 - 12:41 GMT

Saudi Arabia Announces 5 Percent VAT on Fuel, From January 1

The Municipality is keen to provide the best services to raise customers’ satisfaction and happiness and make constant endeavours to leverage its services and streamline procedures for customers to save their time and effort.
November 19th, 2017 - 06:56 GMT

Abu Dhabi Municipality's Customer Service Processes 330 Thousand Transactions in Six Months

Dubai Exports was the first international organisation to confirm its participation in the three-day event, which featured strategic pointers to the booming food & beverage industry in India.
November 19th, 2017 - 06:47 GMT

Dubai Exports Highlights UAE as Competitive Source Market at ‘World Food India’

Qatar's Emir Sheikh Tamim bin Hamad al-Thani welcomes Turkish President Recep Tayyip Erdogan during an official visit to Doha on November 15, 2017. (Kayhan Ozer/ AFP)
November 16th, 2017 - 01:53 GMT

Breakdown of Qatar-Turkey Agreements Signed This Week in Doha

The event aimed to cement positive values and raise social responsibility towards maintaining public realms, parks and recreational facilities.
November 16th, 2017 - 10:40 GMT

Abu Dhabi Municipality Concludes 'Our Parks' Campaign in Wathba

Dr. Mohammed Alzarooni awarding the winner of the pitch competition
November 15th, 2017 - 12:40 GMT

Dubai Silicon Oasis Authority Selects Entrepreneur Day Competition Winner

Dr. Mohammed Al Zarooni, Director General, DAFZA and Mohammed Abdulla Ahli, Director General, DCAA
November 14th, 2017 - 12:36 GMT

Dubai Civil Aviation Authority Signs Strategic Cooperative Agreement With DAFZA at Dubai Airshow 2017

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