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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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During the Copycat Combat launching
October 16th, 2017 - 11:00 GMT

Dubai Customs Partners With OSN and Launches Copycat Combat

Qatar's Emir Sheikh Tamim bin Hamad Al Thani inspects an honor guard during a welcome ceremony in Kuala Lumpur, Malaysia, on October 16, 2017. (Vincent Thian/ AP)
October 16th, 2017 - 11:00 GMT

Qatari-Malaysian Economic Forum Kicks off as Emir Begins Asia Tour

Kuwait cracks down on non-degree holders and vows to punish violating companies. (AFP/ File)
October 15th, 2017 - 01:04 GMT

University Degree Obligatory for Residency Renewal: Kuwaiti Minister

The 4th Global Business Forum on Africa
October 15th, 2017 - 09:04 GMT

Global Business Forum on Africa 2017 to Host Influential Heads of State, Ministers

Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation.
October 15th, 2017 - 07:08 GMT

Dubai’s Information Technology Trade Reaches Dh134.5 Billion in the First Half of 2017

The campaign was run in implementation of the strategy and plans of the Municipality aimed at curbing all sorts of disfiguring elements to protect the environment and maintain the outlook of Abu Dhabi Emirate.
October 15th, 2017 - 05:48 GMT

ADM Impounds 100 Vehicles, Urges Public to Maintain Urban Appearance of Abu Dhabi

A total of $16.3 billion in remittances was sent to Egypt between November 2016, when Egypt floated its currency, and August this year. (File photo)
October 12th, 2017 - 01:27 GMT

Remittances From Egyptian Expats up 40 Percent in August 2017: Central Bank

According to Turkey's Deputy Prime Minister Mehmet Simsek, the US-Turkey visa row is only a temporary dispute that will be resolved soon. (AFP)
October 12th, 2017 - 01:03 GMT

Turkey-US Visa Row Likely to Be Resolved Soon: Deputy PM

The cost of bribery in Kuwait is $2 billion a year, or two percent of the country's total GDP. (File photo)
October 12th, 2017 - 12:46 GMT

Bribes Cost Kuwait $2 Billion a Year: IMF

Exemptions for Saudi firms investing in Abu Dhabi will be related to land, lease and rents. (File photo)
October 12th, 2017 - 11:31 GMT

Saudi Firms Investing in Abu Dhabi Will Get Special Exemptions, Says UAE Official

VFS Global will provide e-Services and collect fees for registration and licensing transactions through its offices.
October 12th, 2017 - 10:12 GMT

Dubai Economy Signs Partnership With VFS Global to Provide Business Registration Services Worldwide

Russia has been backing Bashar al-Assad in the long-running civil war in Syria. (AFP/ File)
October 11th, 2017 - 06:00 GMT

Russia Eyes Direct Shipping Line to Syria, a Boost for Syrian Regime

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