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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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The top spending categories for the youth in Saudi include out-of- home dining, fashion and gifting, while the young consumers in Egypt place more value on dressing up and eating out.
June 11th, 2014 - 01:38 GMT

Eating out, fashion, and self-expression: understanding the Arab youth market

Dubai carrier Emirates’ decision to cancel its entire order of A350 aircraft from Airbus will be a big blow to the European planemaker, according to an analyst.
June 11th, 2014 - 12:18 GMT

Will Emirates' order cancellation mark a decisive blow to Airbus?

The expansion in GDP was 4 percent for the entire 2013.
June 11th, 2014 - 11:21 GMT

What crisis? Turkey's economy still expanding

Al Bawaba
June 11th, 2014 - 09:39 GMT

Packaging industry thrives on Dubai’s growing F&B trade

Al Bawaba
June 11th, 2014 - 09:15 GMT

Panasonic launches 2 in 1 smartphone that connects land lines with mobiles

Local authorities in Indonesia, Laos, Philippines and Vietnam announced over 1.6 billion dollars’ worth of investment projects, according to a conference press release.
June 11th, 2014 - 03:55 GMT

Saudi Arabia to build the world's largest desalination plant

 China only buys 4.4 per cent if its exports, although it still represents three times the share in 2003, which was 1.4 per cent.
June 11th, 2014 - 03:55 GMT

An inside look into just how far GCC-China business ties are going

Salma Hareb, CEO of Economic Zones World and Jafza
June 10th, 2014 - 09:32 GMT

Financial Times’ FDi Magazine recognises Jafza the Best Free Zone in the Middle East for large multinationals

Al Bawaba
June 10th, 2014 - 09:14 GMT

Emrill wins the ‘Overall FM Company of the Year’ award for the second year in a row

Al Bawaba
June 10th, 2014 - 07:41 GMT

Jotun unveils new innovations in exterior paint technology

Al Bawaba
June 10th, 2014 - 05:04 GMT

Dubai Customs and Dubai Exports discuss stronger cooperation to stimulate foreign trade

Al Bawaba
June 10th, 2014 - 04:34 GMT

No honeymoon here: why the economy must absolutely be Sisi's obsession

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