Saudi Arabia’s Voluntary Carbon Market Fuels the Shift to a Low-Carbon
Under UAE President’s directives, UAE launches urgent relief response for Ghana flood victims
Combating Desertification and Drought: Qatar a Model in Preserving Natural Resources, Establishing Environmental Stability
UAE allocates US$30 million for emergency humanitarian response in El Obeid, calls for civilian protection, safe humanitarian aid access in Sudan
Singapore, May 25 (QNA) – Singapore’s economy grew six percent year-on-year in the first quarter as demand for artificial intelligence chips skyrocketed, balancing the fallout from the Middle East war.
As a major electronics hub, the country has seen a significant increase in the production of memory chips and server components that are essential for the data centers that power AI tools.
Due to the “better-than-expected” growth, Singapore’s trade ministry said it would maintain its forecast for the economy to expand 2 to 4 percent in 2026. The first-quarter growth extended the expansion of 5.7 percent in the December 2025 quarter.
“AI-related demand has remained robust and should continue to support the growth of regional economies throughout the year,” the trade ministry said.
According to statistics, exports for the first quarter rose 9.6 percent compared to the year before, bolstered by the electronics sector. (QNA)
