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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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The Municipality and strategic partners are keen on the continuity of these campaigns to uproot the practice of leaving vehicles abandoned.
October 8th, 2017 - 08:57 GMT

ADM, Tadweer Carry Campaign Targeting Abandoned Vehicles

The two countries signed 15 agreements, including one for Saudi Arabia to buy Russia’s S-400 missile defense system. (AFP)
October 8th, 2017 - 08:41 GMT

Saudi Arabia, Russia Sign 15 Agreements and a Dozen New Projects on King Salman's Visit

H.E. Hamad Buamim, President and CEO of Dubai Chamber
October 8th, 2017 - 07:22 GMT

Dubai Chamber Working With Expo 2020 Dubai for 4th Global Business Forum on Africa

Mohammad Khalifa AlQaizi, Director of IT Department, Dubai Economy
October 8th, 2017 - 05:46 GMT

Dubai Economy to Bring Latest E-Services and Apps to Gitex Technology Week 2017

According to the UN, only a few Arab countries have laws to tackle issues like marital rape, honor killings and incest. (Shutterstock)
October 5th, 2017 - 01:27 GMT

Violence Against Women Costs Egypt $123 Million a Year: UN Report

King Salman issued a royal order this week to establish a nationwide fund, the National Development Fund. (AFP/ File)
October 4th, 2017 - 01:36 GMT

Saudi King Orders Establishment of National Development Fund

The visa condition for families joining an expat employee has been changed from 600 rials ($1,558) to 300 rials ($779). (File photo)
October 4th, 2017 - 12:41 GMT

Minimum Wage for Expats Bringing in Families Slashed in Oman

Jordan was ranked 39th freest economy globally and second regionally after the UAE. (File photo)
October 4th, 2017 - 12:27 GMT

Jordan Second-Freest Economy in the Middle East, After UAE

The country is working to double local production of food items within a year of the beginning of the blockade. (AFP)
October 4th, 2017 - 08:33 GMT

Qatar to Double Production of Food Items as It Deals With Saudi-Led Blockade

Gas-rich Algeria and Jordan will work together to develop economic ties. (File photo)
October 3rd, 2017 - 01:19 GMT

Jordan, Algeria Announce Joint Business Council

Egypt’s foreign reserves jumped to $36.534 billion in September from $36.143 in August. (AFP/ File)
October 3rd, 2017 - 12:57 GMT

Egypt’s Foreign Reserves Up $391 Million in September: Central Bank

King Salman bin Abdulaziz will kick off on Thursday his first official visit to Russia. (AFP/ File)
October 3rd, 2017 - 12:44 GMT

King Salman Visits Russia Thursday, $10 Billion Expected in Joint Projects

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