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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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Under the project, the capacity of the Mina al-Ahmadi refinery will drop to 347,000 barrels per day (bpd) from 466,000, while Mina Abdulla refinery’s capacity will rise to 454,000 bpd from 270,000.
September 15th, 2014 - 08:37 GMT

Kuwait's KNPC names advisor for $12 billion Clean Fuels Project

The majority of small companies in the region are aiming to grow staff numbers by more than 10 per cent, indicating rising optimism among businesses.
September 15th, 2014 - 04:44 GMT

Talk about an employment rush: 86% of GCC firms will be hiring in the next three years

Al Bawaba
September 15th, 2014 - 04:10 GMT

Stepping out, completely: Arabtec's ex-CEO agrees to sell stake to Aabar

Al Bawaba
September 15th, 2014 - 02:40 GMT

Jordanian citizen sues members of Parliament for granting themselves lifetime pension

Al Bawaba
September 15th, 2014 - 10:44 GMT

Xerox Corporate Golf Challenge Eighth Qualifier at Els, Dubai

Egypt's trade balance deficit dropped to LE9.09 billion ($1.27 billion) in June 2014, the state-run statistical body CAPMAS reported Monday.
September 15th, 2014 - 04:55 GMT

Finally, some good news: Egypt's trade deficit plunges

Al Bawaba
September 15th, 2014 - 03:55 GMT

Baby steps: Qatar launches ME's biggest business incubator

Al Bawaba
September 14th, 2014 - 08:32 GMT

The counter-hypothetical: Malaysia airlines downing 'could have been avoided,' says Emirates

Al Bawaba
September 14th, 2014 - 07:55 GMT

New reports tells us all there is to know about salary increases in the GCC

“No security measures whatsoever will be able to prevent social problems from arising if more businesses close their doors and go bankrupt,” he said.
September 14th, 2014 - 01:54 GMT

Presidential vacuum, Syrian crisis leaves Lebanon's business leaders more than worried

Al Bawaba
September 14th, 2014 - 01:34 GMT

Skyrocketing: Dubai's inflation hits five year high

Al Bawaba
September 14th, 2014 - 01:26 GMT

Misrata: Libya's 'entrepreneurial phoenix'?

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