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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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Oman has seen trade with Qatar skyrocket by almost 2,000 percent in the past few months. (AFP)
September 12th, 2017 - 11:47 GMT

Oman, the Only Winner in Qatar Crisis

The works, with a cost tag of AED 276,998,000, are slated for completion in the first quarter of 2019.
September 12th, 2017 - 09:02 GMT

ADM Carries out Infrastructure, Internal Road Works in Shakhbut City, Costing AED 276 Million

Sultan bin Saeed Al Mansouri, UAE Minister of Economy, heading the Emirati delegation in Beijing. (Courtesy of WAM)
September 11th, 2017 - 01:46 GMT

UAE, China Boost Economic Ties in 13 Sectors, Including E-Commerce

A report predicts that the two hurricanes will cause nearly $250 billion worth of damage. (AFP/ File)
September 11th, 2017 - 12:43 GMT

Hurricanes Harvey, Irma to Cause $250 Billion Worth of Damage (Podcast)

The workshop discussed several issues, including the risks of heat stress, its adverse impacts on the workers, symptoms, treatment and prevention methods.
September 11th, 2017 - 07:28 GMT

ADM Discusses With Partners Reducing Concrete Spill-off on Roads Nearby Construction Sites

Russia is considered Sudan's top military partner. (WikiImages/ Pixabay)
September 10th, 2017 - 02:57 GMT

Russia Eyes Joint Investment Projects in Sudan, Including Military

The two parties reported their achievements in the development of cooperative frameworks in several vital areas of common interest since the fifth session of the Joint Economic Committee.
September 10th, 2017 - 09:00 GMT

6th UAE-China Joint Economic Committee Meeting Concludes

Qatar exchange witnessed the steepest monthly drop in August on the back of the ongoing political deadlock with its neighbors. (AFP/ File)
September 6th, 2017 - 11:08 GMT

The Best and Worst Performing Stock Markets in GCC for 2017

The negative outlook reflects a reduction in the government’s ability to support banks, weaker economic growth and tightening liquidity. (File photo)
September 6th, 2017 - 10:10 GMT

Moody’s Cuts Oman Banking Outlook on Weak Government Support, Poor Growth

Last month, Kuwait announced new healthcare costs for expats working in the country. (AFP/ File)
September 5th, 2017 - 11:16 GMT

Kuwait Launches 'Excess Foreigner' Tax for Companies With More Than 50 Percent Expats

Kuwait's investments in the US include stocks, bonds, real estate and technology. (Shutterstock)
September 4th, 2017 - 02:31 GMT

Kuwait Has More Than $300 Billion of Investments in US: Report

Saudi Arabia has nearly doubled its purchases of US corn this year. (Shutterstock)
September 4th, 2017 - 02:12 GMT

Saudi Arabia Doubles US Corn Imports in 2017: Report

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