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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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Two new shipping routes will link Qatar with vital ports in China, Turkey and Greece. (File photo)
September 18th, 2017 - 02:24 GMT

Qatar Launches Shipping Routes to China, East Mediterranean to Bypass Blockade

The credit line will be used to finance Iran's infrastructure projects. (File photo)
September 17th, 2017 - 03:12 GMT

China Signs Deal to Provide Iran With $10 Billion Credit Line

DJI board meeting under the chairmanship of HE Chancellor Issam Issa Al Humaidan
September 17th, 2017 - 09:47 GMT

Dubai Judicial Institute Holds Board Meeting to Discuss the Upcoming Training Year and Review Last Year’s Achievements

The strategic location of Jebel Ali Port and the Free Zone with modern warehouses and a range of incentives supports the development of transport and logistics sector.
September 17th, 2017 - 08:10 GMT

UAE Economic Growth Boosting Logistics Sector, Says Bin Sulayem

Silicon Park is an integrated smart city created to articulate the vision of Sheikh Mohammed to transform Dubai into the smartest and happiest city in the world.
September 17th, 2017 - 05:44 GMT

Dubai Silicon Oasis Authority Records 5.4 Percent Revenue Growth in H1 2017

Saudi Arabia in June led a coalition of Middle East countries in severing ties with Qatar. Pictured here: Sheikh Tamim bin Hamad Al Thani, Emir of Qatar. (AFP)
September 14th, 2017 - 10:41 GMT

Ongoing Gulf Crisis a Risk for GCC's Credit Outlook: Moody’s

Heroin smuggling attempt
September 14th, 2017 - 08:14 GMT

The General Administration of Customs – Abu Dhabi Foils Two Attempts to Smuggle Narcotics Through Al Ghuwaifat Customs Centre

Officials at the meeting
September 14th, 2017 - 07:29 GMT

Top DP World, Hong Kong Officials Discuss Strategic Partnerships

Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, received the certificates at the Abu Dhabi Ports headquarters, for all four sites in tandem.
September 14th, 2017 - 03:40 GMT

Abu Dhabi Ports Recognised for Exceptional Security Management; Receives ISO 28000 Certification

Musbeih Mubarak, ADM CEO
September 13th, 2017 - 09:39 GMT

ADM to Meet Bani Yas West Residents This Monday

A Yemeni man sits on the rubble as people search for survivors in houses destroyed by a Saudi-led air strike on Yemen’s capital, Sanaa, on May 1, 2015. (Mohammed Huwais/ AFP)
September 13th, 2017 - 09:07 GMT

Saudi Arabia to Offer Residency Permits to Yemenis With Visitor Cards

Good news: You get a raise next year. Bad news: It's not much. (File photo)
September 13th, 2017 - 06:00 GMT

GCC 2018 Salary Raises: The Good News and the Bad News

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