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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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In order to have a proper roadmap for regional prosperity, the GCC is committed to achieve deeper economic integration and expand trade with other blocs for its benefit
June 22nd, 2014 - 05:23 GMT

The GCC's role model? Why the EU holds special business status with Gulf countries

Al Bawaba
June 22nd, 2014 - 01:23 GMT

Second thoughts? IMF updates its outlook for Bahrain

Al Bawaba
June 22nd, 2014 - 10:41 GMT

Federal Customs delegation introduced to the latest Dubai Customs’ systems operated at Dubai Airport

Canon
June 22nd, 2014 - 08:47 GMT

Canon acquires Milestone to make major advance in network video surveillance business

Al Bawaba
June 22nd, 2014 - 05:06 GMT

Samsung Wireless Audio Multiroom System now playing “Spotify Connect”

Rolls-Royce shares jumped 7 percent on Thursday after the British aero-engine maker decided to buy back shares worth 1 billion pounds ($1.69 billion) instead of making any major acquisitions.
June 19th, 2014 - 10:06 GMT

Not so fancy? Rolls Royce to return $1.7 billion to investors

Al Bawaba
June 19th, 2014 - 03:42 GMT

If only its economy was the only thing tainted, Israel's black economy stands at 6.6% of GDP

The Kingdom, with a population of some 29 million people, reported annual car sales hovering at 700,000 units last year.
June 19th, 2014 - 12:00 GMT

Korean company to establish car assembly plant in Saudi

Al Bawaba
June 19th, 2014 - 05:07 GMT

Dive deeper into photography with Canon’s rugged PowerShot D30

H.E. Ahmed Mahboob Musabih, Director of Dubai Customs
June 19th, 2014 - 04:25 GMT

Dubai Customs’ services go live on smart watches

Turkey stood 45 percent below the average for EU member states in terms of gross domestic product (GDP) per person, a comparison Eurostat makes using the purchasing power standard (PPS).
June 19th, 2014 - 03:55 GMT

A natural exclusion from the EU? Turkey below European counterparts in consumption, GDP per capita

Al Bawaba
June 18th, 2014 - 08:28 GMT

German defense group wins $3.7 billion Algeria contract

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