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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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Economic researcher at Stanford University Amro Adly said that the establishment of a fund to collect donations is a “populist measure” that falls short of an economic solution/
June 25th, 2014 - 10:50 GMT

Long live Egypt...on donations? Central Bank establishes 'Long Live Egypt' fund

Social Development Ministry Secretary General Omar Hamzah made the announcement on Tuesday during a visit by Prime Minister Abdullah Ensour to the ministry.
June 25th, 2014 - 10:30 GMT

Jordan to introduce Ramadan stipend for underprivileged families

Al Bawaba
June 25th, 2014 - 08:48 GMT

Dubai Customs foils bid to smuggle 24Kg of heroin coming from an Asian country

Aqaba Container Terminal
June 25th, 2014 - 08:22 GMT

ACT releases its third sustainability report, showing substantial achievements in key operational areas

Al Bawaba
June 25th, 2014 - 06:23 GMT

Maldives Minister of Economic Development visits Jafza

Al Bawaba
June 24th, 2014 - 01:15 GMT

Infiniti establishes Managing Director role for the Middle East – Juergen Schmitz appointed

Al Bawaba
June 24th, 2014 - 03:55 GMT

Time for new trading partners? EU dethrones the US as world's top food exporter

Al Bawaba
June 24th, 2014 - 03:55 GMT

Time for some basic labour rights? Why hiring Filipino housemaids just got almost impossible in the UAE

Badawood said many jobs could be done from home with the support of computers and the Internet.
June 23rd, 2014 - 09:26 GMT

Keeping them 'where they belong'? Working from home option introduced for Saudi women

Al Bawaba
June 23rd, 2014 - 06:52 GMT

DUBAL selects eHosting DataFort for Disaster Recovery and Business Continuity Management

The funds are the first tranche of some $1.5 billion in mostly military aid which has been frozen since October amid US administration demands that the Egyptian government introduce democratic reforms.
June 22nd, 2014 - 08:18 GMT

Bracing for Apaches: US to resume military aid to Egypt

Al Bawaba
June 22nd, 2014 - 06:06 GMT

Not all bad, though: Egyptian companies absent from Forbes' 20 top companies list

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