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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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For the first time since 1986, Oman’s remittance inflows this year is projected to reach $40 million, according to a World Bank report. (File photo)
October 30th, 2017 - 10:56 GMT

For First Time Since 1986, Oman’s Remittances Reach $40 Million

The new service is aimed at helping customers save time by providing them with a fully-equipped van with internet services, laptops, and technology, with the service available 24/7. (Courtesy of Sharjah Chamber)
October 30th, 2017 - 10:44 GMT

Sharjah Chamber of Commerce Deploys 'You Call, We Arrive' Trucks for Private Sector

The agreements enforce Law No. (21) of 2015 regulating the entry and exit of expats and their freedom to change their employer. (AFP/ File)
October 29th, 2017 - 03:33 GMT

Qatar Signs 41 Worker Protection Agreements With Different Countries

The free zone will cater to major regional and international manufacturers to store their goods in warehouses to be shipped later to local markets via e-commerce. (Shutterstock)
October 29th, 2017 - 11:37 GMT

Dubai Launches First-Ever E-Commerce Free Zone in Middle East Region

The campaign also meant to verify the enforcement of public safety and environmental protection laws in the surroundings of construction sites.
October 29th, 2017 - 06:22 GMT

Abu Dhabi City Municipality Issues 244 Construction Site Offences in Al Shamkha

The project is the world’s first zone to extend across three countries, stretching its borders into neighboring Jordan and Egypt. (Shutterstock)
October 24th, 2017 - 05:00 GMT

Saudi Arabia Unveils $500 Billion Mega City on Border With Jordan, Egypt

Abu Dhabi is contemplating a new visa scheme exclusively for entrepreneurs and startups. (File photo)
October 24th, 2017 - 10:36 GMT

Abu Dhabi Mulls New Visa for Start-Ups, Entrepreneurs

The validity of employment visas issued by the Saudi Ministry of Labor for the private sector has been reduced from two years to one year. (AFP/ File)
October 24th, 2017 - 10:14 GMT

Saudi Arabia Reduces Work Visa Validity for Private Sector to One Year

Dozens of the biggest names in global business are making the trip to Riyadh today, including IMF chief Christine Lagarde. (Cristobal Bouroncle/ AFP)
October 24th, 2017 - 09:53 GMT

Major Investment Conference Kicks off in Saudi Arabia

In this opinion piece, Vitaliy Katsenelson explains why some under-performing companies, like Coca-Cola, still have good stocks, while the opposite is not always true. (File photo)
October 23rd, 2017 - 02:17 GMT

Opinion: Why Good Companies Don't Always Make Good Stocks

Hiring mothers of Saudi men and women and children of Saudi women is now part of the country's Saudization plans. (AFP)
October 23rd, 2017 - 11:06 GMT

Children of Saudi Women, Foreign Mothers of Saudis to Have Saudi Jobs

The Municipality has carried out a campaign aimed at controlling the phenomenon of random and unlicensed markets in Abu Dhabi.
October 23rd, 2017 - 10:53 GMT

Abu Dhabi City Municipality Cracks Down on Random Markets

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