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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 16th, 2014 - 04:40 GMT

Khalaf Ahmad Al Habtoor Bids Farewell to the Hungarian Ambassador to the UAE

Al Bawaba
December 15th, 2014 - 09:41 GMT

Jafza is vital hub for Asia trade: Qingdao Port chief

Prices are set to remain under $100 oil a barrel
December 15th, 2014 - 06:55 GMT

No complaining for oil importers! Jordan to revise 2015 budget based on lower oil prices

Al Bawaba
December 15th, 2014 - 04:55 GMT

Forget Hamas: Israel's widening social gap a 'strategic threat'

Al Bawaba
December 14th, 2014 - 05:56 GMT

After the GCC 'happy' summit, is a customs union closer to reality?

Al Bawaba
December 14th, 2014 - 05:59 GMT

PepsiCo-Jordan sponsors Ayla Red Sea Half Marathon in Aqaba

Al Bawaba
December 14th, 2014 - 05:55 GMT

Some grace, please: Iraq asks Kuwait to accept delay in 1990 war reparations

Al Bawaba
December 14th, 2014 - 05:55 GMT

The 'black' hole? 41% of Egyptian corruption investigations 'incomplete', says World Bank

Al Bawaba
December 14th, 2014 - 04:55 GMT

Two years later: EU announces reform of Lebanon's tax adminstration

Al Bawaba
December 12th, 2014 - 08:06 GMT

First rents, now this: UAE salaries fail to keep up with inflation

On the topic of remedies for the income gap, the OECD says redistribution efforts should focus on families with children and youth,
December 11th, 2014 - 05:10 GMT

A bleak record: Turkey comes second in OECD income inequality list

Saudi Arabia will stop buying domestically-grown wheat in two years' time and rely completely on imports of the grain
December 11th, 2014 - 04:56 GMT

Giving up on 'mircales': Saudi Arabia to halt domestic wheat production

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