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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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"Payment difficulties do come up and it is not a straightforward place to trade with, but deals to Iran are still being done," another European grains trade source said.
June 18th, 2014 - 01:22 GMT

Despite all persistent difficulties, Iran buys $55,000 tons of wheat from Russia

A significant change in borrowing behaviours reflects a more prudent approach in the UAE.
June 18th, 2014 - 01:15 GMT

A blessing in disguise? Strict lending deters Emirati's from borrowing

Al Bawaba
June 18th, 2014 - 11:05 GMT

Dubai Chamber discusses private sector challenges with business groups and councils

Al Bawaba
June 18th, 2014 - 09:04 GMT

North Axis Trading Co. Samsung Electronics Levant’s new official distributor for information technology devices

The market has been mainly driven by tourism growth (nine to 10 per cent) while the resident market has been growing but at a slower rate.
June 18th, 2014 - 07:23 GMT

The one thing to count on: GCC luxury spending booming despite regional turmoil

Al Bawaba
June 18th, 2014 - 03:55 GMT

A fresh start? Not really. Meet Egypt's 'new' economic cabinet

Al Bawaba
June 17th, 2014 - 06:12 GMT

LG Smart+ TV passesone million in sales since introduction

Al Bawaba
June 17th, 2014 - 04:41 GMT

Dubai & Dominican Customs Authorities explore cooperation and exchange of expertise

"The young men and women will receive fringe benefits including good salaries, financial incentives and vocational training," he said.
June 16th, 2014 - 09:30 GMT

Time to bring back the deported? Dismal turnout for 11,700 Saudized jobs

Al Bawaba
June 16th, 2014 - 07:51 GMT

Samsung Electronics Levant sponsors the Jordanian participants in Dask-Dogay competition

Al Bawaba
June 16th, 2014 - 03:55 GMT

The World Cup: a proxy for the Middle East's institutional and economic failures?

Al Bawaba
June 15th, 2014 - 06:24 GMT

Bureaucracy: the true enemy of the Egyptian economy

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