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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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Morocco's FDI reached $1.92 billion in January-August 2017, against $1.47 billion a year earlier. (File photo)
October 11th, 2017 - 10:21 GMT

Morocco's FDI up 30 Percent in 2017, to $1.92 billion

On Sunday, the U.S. Embassy in Turkey suspended its non-immigrant visa service. Turkey retaliated by suspending non-immigrant visa services at all Turkish diplomatic facilities in the U.S. (AFP/ File)
October 10th, 2017 - 11:04 GMT

US-Turkey Conflict Risks Damaging Trade, Economic Relations: Businessmen

The new fund is expected to create 2,600 jobs by the end of 2020; 58,000 jobs by 2027. Pictured here: Saudi Crown Prince Mohammed bin Salman. (AFP/ File)
October 10th, 2017 - 09:20 GMT

Saudi Arabia Launches $1 Billion Fund to Support SMEs

Cleaning campaign in the Mafraq and Musafah industrial areas
October 10th, 2017 - 06:40 GMT

ADM’ Undertakes Clean-Up Campaign in Mussafah, Al Mafraq to Mark Year of Giving

Together, the two entities will work with the authorities in updating e-commerce laws and regulations.
October 10th, 2017 - 05:57 GMT

Dubai Economy and Noon Join Hands to Promote E-Commerce.. and Customer Happiness

Buthaina Bin Fahad, Senior Director of Information and Communication Technology, DAFZA
October 10th, 2017 - 05:43 GMT

DAFZA Envisions Future Technology

Iran will be subject to tariffs of 57.5 euros per tonne from Saturday, the EU said. (AFP/ File)
October 9th, 2017 - 01:19 GMT

EU to Impose New Trade Tariffs on Iranian Steel, Starting This Week

The cooperation between the Economic Zone and DP World will raise the classification of SCzone among the global economic zones.
October 9th, 2017 - 10:44 GMT

Egyptian Minister of Petroleum & Chairman of Gascez Tour DP World Sokhna

During ‘Dubai Pulse’ initiative
October 9th, 2017 - 09:08 GMT

Dubai Economy Becomes First Customer in ‘Dubai Pulse’

Musaffah Bazar
October 9th, 2017 - 08:53 GMT

ADM Holds Health Awareness Event for Visitors of Musaffah Bazar

Community Development Authority stand at Gitex 2017
October 9th, 2017 - 07:26 GMT

Gitex Technology Week 2017: Community Development Authority Showcases Advanced Applications for Volunteers, People of Determination and the Elderly

According to the decisions, rents paid by companies will be cut by 50 percent in some areas. (Pixabay)
October 8th, 2017 - 09:58 GMT

Qatar Boosts Private Sector's Contribution to Economy Amid Blockade

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