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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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Abu Dhabi has been investing billions of dollars in infrastructure, tourism sectors to boost its non-oil growth in an era of low oil prices. (File photo)
October 3rd, 2017 - 11:46 GMT

Abu Dhabi Expects 3 Percent GDP Growth in 2018

Just like the rest of the UAE, passengers at Dubai’s airports will have to pay a 'sin' tax. (Shutterstock)
October 3rd, 2017 - 11:11 GMT

Sin Tax Will Apply to Travelers Through Dubai Airports Too: Official

Saudi Arabia aims to raise the participation of SMEs in the macro-economy from 20 percent to 35 percent by 2030. (AFP/ File)
October 2nd, 2017 - 12:03 GMT

Four in 10 Startups in Saudi Arabia Are Owned by Women

Oman was Qatar’s top non-oil exports destination in August, with 45 percent of the total exports. (File photo)
October 2nd, 2017 - 11:49 GMT

Qatar’s Non-Oil Exports up 35 Percent in August, Despite Blockade

Hospitals and clinics in Kuwait to apply new fees for expats, starting Sunday. (AFP)
October 1st, 2017 - 01:43 GMT

Kuwait Sees Significant Increase in Expat Medical Fees, Starting October 1

Smokers in the UAE will now be paying 100 percent more for a pack of cigarettes. (File photo)
October 1st, 2017 - 11:11 GMT

Sin Tax Comes Into Effect in UAE, Starting Today

Bader Buhannad, Executive Vice President Strategy, Business Services and Risk Management at DSOA
October 1st, 2017 - 06:55 GMT

DSOA to Host First-Of-Its-Kind Islamic Lifestyle Mini Bootcamp

The workshop presented plans and needs of Abu Dhabi city’s street lighting system through replacing the existing street lighting units (HPS and MH) with LED Luminaires.
October 1st, 2017 - 06:24 GMT

ADM to Start Implementation of ‘Abu Dhabi Lighting’ Project for Replacing Streetlights by Led Lights in Q1 of 2018

Turkey will allocate an additional $2.2 billion of tax revenues towards the defense industry. (AFP/ File)
September 28th, 2017 - 02:04 GMT

Turkey to Boost Military Spending in Wake of Kurdistan Referendum: Minister

Iraq has ordered international airlines to halt services to Erbil, the Kurdish capital, and Sulaimaniyah, its second city, beginning Friday evening. (Ozak Kose/ AFP)
September 28th, 2017 - 11:12 GMT

Iraq Steps up Efforts to Isolate Kurdistan, Halts All Flights to Erbil

The UAE's huge appeal is making expats stay in the country for the longer term. (File photo)
September 28th, 2017 - 10:35 GMT

More and More Expats Move to the UAE for the Long Haul: HSBC Report

The bank aims to strengthen Islamic finance and support Tunisia's private sector. (File photo)
September 27th, 2017 - 12:45 GMT

Saudi Arabia's IDB Invests $1.5 Billion in Development Projects in Tunisia

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