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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 7th, 2014 - 05:55 GMT

The iron giant? UAE tops world in iron consumption

Al Bawaba
December 7th, 2014 - 04:55 GMT

Optimistic and expecting? Iran to manufacture thearupeutic ultrasounds for the first time

For a wealthy nation like the UAE, which sees Sisi’s Egypt as a bulwark against Islamists, the political value of the project outweighs the economic risks.
December 7th, 2014 - 04:55 GMT

An exercise in futility? UAE and Egypt bond over 'nonsensically' growing wheat in the desert

Al Bawaba
December 4th, 2014 - 04:19 GMT

Very conditional help: Saudi Arabia suspends essential aid to Yemen after Houthi takeover

Al Bawaba
December 4th, 2014 - 03:44 GMT

Nshallah! Egypt rises 20 points in corruption index

Al Bawaba
December 4th, 2014 - 02:47 GMT

Not getting off their back, yet: why activists still skeptical of GCC's band aid labour reforms

Al Bawaba
December 4th, 2014 - 07:20 GMT

Deputy Governor of Ningxia Autonomous Region visits Jafza

Iran was formerly Peugeot's second largest market by volume and one in four cars in the country carries the Lion brand.
December 4th, 2014 - 04:55 GMT

Taking the driver's seat: Peugeot holding 'intense' talks to return to Iran

Al Bawaba
December 4th, 2014 - 04:55 GMT

Israel slips in the OECD's corruption index

Rural dwellers were much more likely to be living in poverty than urbanites.
December 3rd, 2014 - 07:23 GMT

Say what, Erdogan? 1.6 million living on less than $4.30 a day in Turkey

Al Bawaba
December 3rd, 2014 - 01:54 GMT

Monarchies unite: how far can GCC-Moroccan business ties go?

Al Bawaba
December 3rd, 2014 - 04:55 GMT

Growing resentment? Syria's halt of Lebanese agricultural imports a 'disastrous' move

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