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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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The challenge is now to accelerate this change, and extend it to broader areas of cultural diversity.
September 30th, 2014 - 11:51 GMT

Even the numbers are on the feminist side: companies with females in top management yield higher returns

Al Bawaba
September 30th, 2014 - 09:07 GMT

Philips displays at GITEX 2014 – Smart Innovations for any application

Al Bawaba
September 30th, 2014 - 06:23 GMT

Toshiba showcases its latest products during GITEX Shopper 2014

The project, which involves the extension of a 11-km road with five lanes on both sides, is expected to be completed by 2017,
September 30th, 2014 - 04:55 GMT

Massive plan: Qatar commences on $577 million road project

Al Bawaba
September 30th, 2014 - 03:55 GMT

Bayt.com: More than 70 per cent of Mideast professionals think that meetings are time well spent

The Kingdom of Saudi Arabia (KSA) could be heading for financial turmoil, potentially posting a deficit in 2015.
September 30th, 2014 - 03:55 GMT

Kingdom in debt, Kingdom in danger: Saudi Arabia's pending deficit raises frightening possibilities

The key driver of Mohamed Yousuf Naghi Motors’ solid performance in the first half of the year was the recently launched Rolls-Royce Wraith.
September 29th, 2014 - 04:33 GMT

A tad unsurprising? Saudi Arabia biggest Rolls Royce market in the Middle East

The UAE’s Ministry of Health has announced a price reduction for around 422 innovative and produced drugs, as part of its initiative to stem the surging cost of medicines in the country.
September 29th, 2014 - 11:54 GMT

No profiteering off illness: UAE slashes prices of 422 drugs

As per the deal, these companies will manufacture, supply and implement a feeder line project in the capital from the water tanks to three different locations within the city.
September 28th, 2014 - 06:09 GMT

Saudi Arabia keeps things local with selection of three companies to deliver $373 million water project

Al Bawaba
September 28th, 2014 - 07:57 GMT

PepsiCo-Jordan releases new energy drink ‘Sting’ in Jordanian Market

Al Bawaba
September 28th, 2014 - 05:07 GMT

Dubai Customs to showcase latest smart services and technological breakthroughs at GITEX 2014

Al Bawaba
September 28th, 2014 - 04:55 GMT

Eid came early? iPhone 6 makes it to Dubai, sells out on first day

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