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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 18 and 29 year-old age group, represents 23.7% (approximately 20 million) of the total population, of which 51.1% are men and the remaining 48.9% are women.
August 12th, 2014 - 10:21 GMT

Understanding the 'Arab Spring', years later: over 50% of Egypt's youth are poor

Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.
August 12th, 2014 - 02:29 GMT

GCC energy sectors to vicariously profit from China, India's increased industrial activity

Al Bawaba
August 12th, 2014 - 09:29 GMT

Win Up to a Year’s Worth of Tuition from Samsung

Israeli bombardment has left parts of Gaza in ruins and the enclave's already shattered economy is also feeling the pinch as prices for staple foods have started to climb.
August 11th, 2014 - 11:33 GMT

After struggling for survival, Gazans will be left to face a shattered economy

During July, prices for vegetable, fruits, poultry and dairy products inched up by 7.4%, 3%, 4.8% and 4.6% respectively.
August 11th, 2014 - 03:32 GMT

The works of the new subsidy policy? Egypt sees biggest monthly inflation since 2008

Al Bawaba
August 11th, 2014 - 09:28 GMT

Dubai Customs is number 1 government department globally to rewin the IDEAS UK Platinum Classification

Dubai-based brokerage Arqaam Capital last year valued OSN at $4.3 billion.
August 11th, 2014 - 03:55 GMT

Thanks, but no thanks: KIPCO snubs $3.2 billion offer to buy OSN entertainment

In 2012, the value of Egyptian migrant remittances peaked at $19.2bn, representing 7.3% of Egypt’s total GDP.
August 10th, 2014 - 11:20 GMT

Egyptians working abroad: the country's 'hidden' treasure?

Al Bawaba
August 10th, 2014 - 11:12 GMT

Feeling insecure: Hyundai, Doosan abdandon $1.5 billion project in Libya

Al Bawaba
August 10th, 2014 - 01:25 GMT

What can the GCC learn from China's economic model?

Al Bawaba
August 10th, 2014 - 08:51 GMT

Acer projectors P1383W TCO and P1510 TCO are now TCO Certified

Al Bawaba
August 8th, 2014 - 07:30 GMT

Business marries politics: Mubarak-era Egyptian steel tycoon released on bail

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