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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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Shinichi Wakita, Managing Director Panasonic Marketing Middle East and Africa
December 22nd, 2014 - 09:54 GMT

Panasonic to unveil 360 degree integrated security solutions at Intersec 2015

Al Bawaba
December 22nd, 2014 - 08:36 GMT

Oman Air wins top airline 2014 for economy class

Al Bawaba
December 22nd, 2014 - 08:08 GMT

Ericsson: Changed TV consumption habits in the UAE

DP World and Al Khaleej Sugar recieve Largest Sugar Vessel at Jebel Ali
December 22nd, 2014 - 05:59 GMT

DP World and Al Khaleej Sugar celebrate the world’s largest sugar carrier to call at Jebel Ali Port

Al Bawaba
December 22nd, 2014 - 04:40 GMT

Xerox to sell Information Technology Outsourcing business to Atos for $1.05 Billion

The figure does not include the cost of services and infrastructure borne to accommodate refugees in the hosting countries.
December 22nd, 2014 - 01:51 GMT

Daesh has cost 6 of the Middle East's economies a total of $35 billion, says World Bank

Al Bawaba
December 21st, 2014 - 05:43 GMT

Winners and losers: Declining oil prices to close Egypt's budget gap by $5.5 billion

Al Bawaba
December 21st, 2014 - 05:37 GMT

A much-needed compensation: UN asks Israel to pay Lebanon $865 million

The long-awaited contract, announced late Friday by the US Department of Defense, includes spare parts and is due to be completed by April 30, 2019.
December 21st, 2014 - 01:48 GMT

Long-awaited 'goodies': Qatar buys $2.4 billion worth of patriot missiles

GROHE
December 21st, 2014 - 08:37 GMT

After third quarter 2014: GROHE Group on sustained uptrend with global growth

Al Bawaba
December 21st, 2014 - 08:11 GMT

Dubai Customs bags first prize at the annual Enterprise Architecture Awards 2014 from Forrester Research and Penn State University

Al Bawaba
December 19th, 2014 - 12:38 GMT

What's its secret? Kuwait sustains non-oil growth for two years

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