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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
September 19th, 2014 - 01:10 GMT

Region must 'trust itself': head of Olympic Council says Doha, Dubai capable of hosting Olympics

Al Bawaba
September 18th, 2014 - 06:33 GMT

Sony’s Alpha α7S Full-Frame Camera realises a new world of imaging expression

But Egypt wants long-term investments to improve the country's economy, which has been suffering ever since an uprising toppled President Hosni Mubarak in 2011.
September 18th, 2014 - 12:23 GMT

High expectations: Egypt's economy to grow 6% in the new 3 years, says finance minister

Al Bawaba
September 17th, 2014 - 03:11 GMT

Gaza War to end seven years of consecutive growth in Palestinian economy

Al Bawaba
September 17th, 2014 - 02:55 GMT

Why India is likely to re-emerge as the UAE's top trade partner

Al Bawaba
September 17th, 2014 - 10:46 GMT

Dubai Chamber consolidates bilateral ties with Azerbaijani bankers

Almost two-thirds (65 per cent) of wealthy individuals in the UAE identified strong economic security and opportunity as the key factor behind their decision to reside within the country over the next five years
September 17th, 2014 - 03:55 GMT

What's really attracting high net worth individuals to living in the UAE?

Al Bawaba
September 16th, 2014 - 02:52 GMT

Egyptian court upholds jail sentence, $7 million fine against business tycoon Nassef Sawiris

Al Bawaba
September 16th, 2014 - 08:10 GMT

Samsung introduces the latest in its iconic Note Series - The Galaxy Note 4, and showcases next generation display with Galaxy Note Edge

Al Bawaba
September 16th, 2014 - 07:42 GMT

Dubai Customs director tours passenger and cargo terminals at Al Maktoum International Airport

Al Bawaba
September 16th, 2014 - 06:18 GMT

PepsiCo MEA president wins CEO of the Year – Consumer Goods at CEO Middle East Awards

 Female workforce participation stands at an estimate of just 24% in the Middle East, but the region’s women are proving their worth.
September 15th, 2014 - 09:27 GMT

Forbes Middle East reveals names region's 200 most powerful women

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