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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
October 9th, 2014 - 10:38 GMT

Dubai Chamber sustainability network members conduct best practices session on road safety in commercial driving

Al Bawaba
October 9th, 2014 - 05:16 GMT

Dubai Customs welcomes Hujjaj returning home

Egypt's economy has been hit by more than three years of political and economic turmoil following the 2011 uprising that toppled Hosni Mubarak after 30 years in power.
October 9th, 2014 - 03:55 GMT

Higher confidence: Egypt's business activity grows at near-record pace

Al Bawaba
October 8th, 2014 - 11:52 GMT

Another bubble burst for Scarlet Johansson? Sodastream shares collapsing

Essam Khalifa, another economist, called for a qualitative improvement of the Saudi labor market to increase the demand for Saudi workers compared with expats.
October 8th, 2014 - 01:56 GMT

A futile endeavour? Recruitment of 1.2 million expats defeats Saudization drive

Al Bawaba
October 8th, 2014 - 04:38 GMT

Samsung introduces new B2B Range at GITEX 2014 Exhibition

High rents and food costs, particularly that of cottage cheese, an Israeli staple, were among the triggers of a popular protest movement that peaked in 2011.
October 8th, 2014 - 03:55 GMT

A very cruel historic irony: Israelis urged to move to Berlin for lower cost of living

Al Bawaba
October 8th, 2014 - 03:55 GMT

Higher than the US? Morocco considers legalizing weed!

Past research suggests that leadership is 30 per cent genetic and 70 percent a result of lessons learned through life experiences.
October 7th, 2014 - 04:19 GMT

Science finally backs it up: Leaders are made not born

Al Bawaba
October 7th, 2014 - 04:14 GMT

Time for the Middle East to revise its oil demand forecasts? World Bank trims China, East Asia forecast

Al Bawaba
October 7th, 2014 - 11:20 GMT

EU delegation commends Dubai Customs’ prominent role in IPR protection

The IMF has warned that Yemen's fiscal deficit would reach 9 percent of gross domestic product in 2014 and foreign reserves would decline to well below three months of imports in the absence of economic reforms.
October 7th, 2014 - 03:55 GMT

Yemeni govt deal with Houthi rebels 'in line' with IMF conditons

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