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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
July 20th, 2014 - 09:59 GMT

Panasonic introduces new powerful ECO-MAX bagless vacuum cleaner in the Middle East

Al Bawaba
July 20th, 2014 - 06:00 GMT

Dubai Customs launches Talent Management Program

Once a top recipient of US military aid, Egypt lost most of its $1.3 billion a year package after the 2011 popular uprising that toppled Mubarak.
July 20th, 2014 - 03:55 GMT

Redirecting subsidy spending? France wins $1.35 billion military contract in Egypt

Al Bawaba
July 17th, 2014 - 11:18 GMT

What will the effect of losing the World Cup be on Qatar? 'Very small' says study

Al Bawaba
July 17th, 2014 - 01:25 GMT

Canon supports Dubai Cares ‘What If’ Ramadan Campaign

The lawmaker emphasized that Lebanon was negotiating “state to state” and not with any private companies. The Turkish Embassy declined to comment.
July 17th, 2014 - 03:55 GMT

'This is Lebanon': why water taps are drying out

Al Bawaba
July 16th, 2014 - 03:32 GMT

A two-way street: an inside look into the monumental losses brought to the US economy due to Iranian sanctions

It is also the first time Qatar had acquired Patriot missiles, which other Gulf countries such as Kuwait, Saudi Arabia and the United Arab Emirates have purchased in the past.
July 16th, 2014 - 02:25 GMT

Getting defensive: Qatar to buy $11 billion worth of American fighter jets

Al Bawaba
July 16th, 2014 - 11:36 GMT

Samsung Electronics Levant hosts Media Iftar

Al Bawaba
July 16th, 2014 - 06:29 GMT

Canon moves up in Interbrand’s Best Global Green Brands ranking

Al Bawaba
July 15th, 2014 - 02:28 GMT

Under the 'economy of resistance' nickname, Rouhani announces new economic stimulus package

Al Bawaba
July 15th, 2014 - 12:25 GMT

Jotun opens technical services site office at King Abdulaziz International Airport

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