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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
August 5th, 2014 - 05:41 GMT

QMD Signage Display: Samsung’s response to growing commercial display market

The survey showed that professional job opportunities across the UAE has increased by 21 percent between the first and second quarter of 2014.
August 4th, 2014 - 07:56 GMT

Renewed optimism: job opportunities in the UAE increase 21%

Al Bawaba
August 4th, 2014 - 09:54 GMT

The tide is shifting: North Africa may overtake economic growth in the Gulf

Al Bawaba
August 4th, 2014 - 03:55 GMT

An unexplainable development: Egypt's car sales up 56% despite lifting of subsidies

Al Bawaba
August 4th, 2014 - 03:55 GMT

Moving forward: Al-Sisi looking into three 'major' investment projects

It is expected that the sector’s export goal of $1.3bn by the end of 2014 will not be reached in light of tension across the Arab world, and a 20% decline is probable for this year.
August 3rd, 2014 - 07:09 GMT

Falling apart: Egyptian-Libyan trade

Part of the explanation of the rise in unemployment is that many young people have come onto the job market but have not yet succeeded in finding employment.
August 3rd, 2014 - 01:07 GMT

As highest amongst OECD countries: Israel's unemployment rates jumps to 6.3%

Al Bawaba
August 3rd, 2014 - 05:09 GMT

Samsung Electronics launches Samsung GALAXY Apps

The Ministry of Finance stressed in the report that the reforms made to the 2014/2015 state budget aim to stimulate the economy, boost employment rates and support social justice.
August 3rd, 2014 - 03:55 GMT

It's never over: Egyptian government preparing new stimulus package

The consumer goods and services index hit 196.8, a 1.4 percent rise compared to last month,
July 31st, 2014 - 03:00 GMT

The best of the worst: Iran's inflation stands at 25.3%

Security alerts due to rocket attacks and frequent air raid sirens have disrupted business activity and caused a drop in industrial output and consumer spending.
July 31st, 2014 - 02:42 GMT

The tip of the iceberg: Gaza War to 'leave a dent' in the Israeli economy

Dr. Jayant Deshpande, Director - CAE Division, Omnix International
July 31st, 2014 - 10:54 GMT

Omnix International announces Middle East availability of Autodesk’s new AutoCAD 2015 edition

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