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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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Saudi Arabia has exempted loans, credit cards, mortgages, current accounts, deposits and savings accounts from the Value Added Tax (VAT). (File photo)
November 14th, 2017 - 12:33 GMT

Saudi Arabia Exempts Loans, Credit Cards and Savings Accounts from VAT

French president Emmanuel Macron tours Louvre Abu Dhabi, on November 8, 2017. (Ludovic Marin/ AFP)
November 12th, 2017 - 08:00 GMT

UAE's Mubadala to Invest €500 Million in French Startups

The Chairman of the Qatar Society of Engineers (QSE), Eng. Ahmad Jassim al Jolo, has expressed optimism that the private sector will lead Qatar to self-sufficiency. (Gulf Times)
November 12th, 2017 - 06:00 GMT

Private Sector Will Lead Qatar to Self-Sufficiency: QSE Chief

The Municipality is moving ahead with plans to carry out infrastructure projects in Abu Dhabi and environs as part of Abu Dhabi's master development plan.
November 12th, 2017 - 10:05 GMT

Abu Dhabi Municipality Undertakes Infrastructure Projects in Nahda Al-Askariyah, Bani Yas & Shawamakh

Jafza strengthens its position as a leader in oil, gas and petrochemicals thanks to a growing customer base worldwide.
November 12th, 2017 - 07:49 GMT

Jafza Announces 7 Percent Growth of Oil and Gas

The ILO said it launched a three-year roadmap and action plan with Qatar as Qatar decided to cancel the controversial sponsorship (Kafala) system. (AFP/ File)
November 9th, 2017 - 06:00 GMT

ILO Withdraws Labor Rights Complaint Against Qatar

The pledge includes $1 million donation to the budget of UN Relief and Works Agency for Palestine Refugees. (AFP/ File)
November 9th, 2017 - 12:40 GMT

UAE Pledges $2.6 Million for UN Development Activities in 2018

Saudi Arabia revealed the plans for Russian collaboration on Tuesday. Pictured here: Saudi Crown Prince Mohammed bin Salman. (AFP/ File)
November 8th, 2017 - 06:00 GMT

Saudi Arabia Offers Investment Opportunities to Russian Companies

The 2018 budget allocates 43 percent to healthcare, education and society development sectors. Pictured here: Sheikh Mohammed Bin Rashid Al Maktoum (AFP/ File)
November 8th, 2017 - 03:06 GMT

UAE Approves Dh201 Billion Federal Budget for 2018-2021

The Conference is set to be held on December 10th and 11th, 2017.
November 8th, 2017 - 12:42 GMT

Community Development Authority Reveals 1st International Conference for Inclusive Employment and Occupational Learning 2017

Philippa English of Holman Fenwick Willan (HFW) Middle East was named ‘Pro Bono Lawyer of the Year’ at the Annual Gala, with DLA Piper Middle East LLP awarded ‘Pro Bono Law Firm of the Year’.
November 8th, 2017 - 11:30 GMT

UAE Legal Excellence Recognised at DIFC Academy of Law Annual Gala

What is the rationale behind the arrest of Saudi Arabia's best known businessman, entrepreneur and philanthropist? In this article, Pat Lancaster attempts to answer the question on everyone's lips. (Neil Hall/ Reuters)
November 7th, 2017 - 08:00 GMT

Why Did Saudi Arabia Arrest Alwaleed Bin Talal?

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