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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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Al Bawaba
December 23rd, 2014 - 07:37 GMT

Iraq's new year spending plan sees holes: Draft 2015 budget computes a 23 trillion dinar deficit

Al Bawaba
December 23rd, 2014 - 12:36 GMT

The show must go on! Oil prices apart, Saudi 2015 budget to be released later this week, inshallah

Marginal increase in gold market prices
December 23rd, 2014 - 11:50 GMT

It's up but still down: Gold rises from rock bottom 3-week low, but remains below $1,200

Anthony Peter, Director, Corporate Communications, Panasonic Marketing Middle East &Africa
December 23rd, 2014 - 10:19 GMT

Panasonic booth overview at CES 2015

Al Bawaba
December 23rd, 2014 - 09:42 GMT

Calling Muscat to Riyadh: Forum considers untapped potential Omani investments in KSA firms

Meeting between HE Ahmed Mahboob Musabih and HE Salem Muslim Samhan Al Kathiry, Manager of the Commercial Office of Sultanate of Oman in Dubai
December 23rd, 2014 - 07:11 GMT

Dubai Customs discusses bilateral trade development with the Sultanate of Oman

Dubai Financial Market
December 23rd, 2014 - 06:55 GMT

The only way is up! Dubai index pushes back, makes inroads to recover November performance

Saudi Arabia is the only GCC state to allow private investment in the petrochemical sector (File Archive/ AFP).
December 22nd, 2014 - 08:00 GMT

Slow going: KSA to spend $91bn to grow petchem sector

The one-trillion dollar cash pile, which only relates to companies rated by Moody’s, is predominantly held by cash-rich sectors like automotives, oil and gas and utilities (File Archive/ AFP).
December 22nd, 2014 - 06:00 GMT

Cash balances in MENA and Europe down 3% but still above financial crisis levels: Moody´s

Al Bawaba
December 22nd, 2014 - 05:00 GMT

Leading the way -- Qatar the first to receive Airbus A350

Al Bawaba
December 22nd, 2014 - 02:00 GMT

Is a recession on the new year horizon for oil-concerned UAE?

Al Bawaba
December 22nd, 2014 - 11:26 GMT

Egypt goes against the local grain, buys 300,000 tonnes of Russian and French wheat to feed its masses

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