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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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Bahrain has been among the hardest hit countries in the Gulf Cooperation council by the drop in oil prices. (Shutterstock)
November 2nd, 2017 - 07:03 GMT

Bahrain Asks Gulf Allies for Financial Aid

Saudi Arabia has made the most progress in terms of female economic participation since the WEF report began in 2006. (Shutterstock)
November 2nd, 2017 - 05:59 GMT

World Economic Forum Praises Slow, but Sure, Progress in Closing Saudi Gender Gap

The forum organised by the Dubai Chamber is taking place November 1st and 2nd at Dubai’s Madinat Jumeirah.
November 1st, 2017 - 12:26 GMT

Global Business Forum on Africa 2017 off to a Strong Start With High-Level Participation

Companies that fail to pay workers on time will be fined up to SAR3,000 ($800). (File photo)
November 1st, 2017 - 11:43 GMT

Saudi’s Wage Protection System Now Applies to Smaller Firms

Almost 40 percent of the startups launched in 2016 were owned by women. (Shutterstock)
November 1st, 2017 - 10:47 GMT

Saudi Women Seize New Business Opportunities

The Kingdom is among the top 20 countries in the world, and second among the most high-income in G-20 countries. (File photo)
November 1st, 2017 - 07:48 GMT

Saudi Arabia Ranks Second in World’s High-Income Countries for Business Reforms for 2018

Date farmers in Jericho in the West Bank are using treated water to grow crops and expand their businesses. (Alaa Badarneh for USAID)
November 1st, 2017 - 06:09 GMT

With Water Projects in West Bank and Gaza, US Cultivates Hope

The IMF has encouraged GCC countries to increase the pace of their reforms after projecting the worst growth in the region for years. (File photo)
October 31st, 2017 - 06:00 GMT

Gulf Region Staring at Its Worst Growth Since 2009: IMF

Turkey's food exports to Qatar surged 98 percent in the first nine months of 2017, compared to last year. (File photo)
October 31st, 2017 - 05:00 GMT

Turkey's Exports to Qatar up 90 Percent Since Blockade

Global Business Forum on Africa launches on November 1, at Madinat Jumeirah in Dubai.
October 31st, 2017 - 12:33 GMT

Fourth Global Business Forum on Africa Kicks off in Dubai With High-Ranking Officials

VAT is likely to bring notable changes in the way business is carried out by hospitality firms in the UAE. Here are some of these changes. (File photo)
October 30th, 2017 - 11:54 GMT

Opinion: How VAT in UAE Will Affect Tourism, Hospitality Sectors

Turkey and Jordan agreed in 2016 on a Roll-on/Roll-off 'Ro-Ro' route between Turkish ports and Jordan’s Aqaba port, but the deal never took off. (File photo)
October 30th, 2017 - 11:26 GMT

Turkey, Jordan Mull New Maritime Route Project

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