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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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Output from the hydrocarbon sector was a key driver of growth from 2011 onwards when benchmark oil prices were $100 per barrel or above. This is in contrast to world GDP growth, which is recovering at quite a slow pace — below three per cent for the third year in a row — and downside risks fail to subside.
May 28th, 2014 - 05:47 GMT

Egypt and Yemen included? MENA economies to grow faster than the rest of the world

Al Bawaba
May 28th, 2014 - 05:40 GMT

Settling things properly: Dubai sets up 'dispute settlement authority' for businesses

Al Bawaba
May 27th, 2014 - 11:37 GMT

Dubai Chamber achieves LEED Platinum

Al Bawaba
May 27th, 2014 - 09:02 GMT

Toshiba introduces the best of performance and elegance in the new KIRA

The report, which is conducted by the Economist Intelligence Unit, surveys senior executives from large regional companies.
May 27th, 2014 - 03:55 GMT

Restored faith: MENA's executive confidence in the region hits two year high

. Organizing the world cup is just one of the milestones, albeit a big one, aimed at gaining recognition outside Qatar's usual comfort zones.
May 27th, 2014 - 03:55 GMT

Is Qatar's national vision blurred?

“One of the biggest challenges is the issue of the customs,” he said. “I think they have made practical steps in addressing these issues and how to redistribute the custom fees between the GCC countries.”
May 26th, 2014 - 10:24 GMT

Why the GCC countries are serious about economic integration this time around

Al Bawaba
May 26th, 2014 - 10:12 GMT

New convertible Jaguar hits Saudi streets

Al Bawaba
May 26th, 2014 - 09:19 GMT

Jordanian shipping company fined $500,000 for violating US environmental laws

Al Bawaba
May 26th, 2014 - 08:32 GMT

Narrowing things down: comparing Sisi's and Sabahi's economic platforms

The bank should leave the currency floating and expose it to the market’s supply and demand, Younes said.
May 26th, 2014 - 10:26 GMT

Great news? Egyptian pound continues to depreciate

Al Bawaba
May 26th, 2014 - 09:36 GMT

Samsung launches new home appliances to create happier homes

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