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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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Al Bawaba
May 19th, 2014 - 09:02 GMT

GCC remains main source of growth for MENA region

Al Bawaba
May 19th, 2014 - 07:59 GMT

Jafza eyes to attract more Argentinian Companies into the Free Zone

Al Bawaba
May 19th, 2014 - 04:25 GMT

Dubai Customs completes fishermen harbours project in Jumeirah and Umm Suqeim

Al Bawaba
May 19th, 2014 - 02:55 GMT

Who's facing a crisis here? Egypt imports 60,000 tons of wheat from Ukraine

Al Bawaba
May 19th, 2014 - 02:55 GMT

Top Omani official jailed for alleged $1 million bribery

With regard to imports, China is the top trading partner of Dubai dealing in trade worth Dh130 billion ($35 billion), he added.
May 18th, 2014 - 11:26 GMT

From high to higher: Dubai China trade grows 18%, stands at $36 billion

Al Bawaba
May 18th, 2014 - 09:51 GMT

Yas Links Abu Dhabi prepares to host fourth qualifier of the Xerox Corporate Golf Challenge 2014

In addition to trade in oil and gas, the Netherlands exports a wide range of products and technology in the agriculture, machinery, chemical and petrochemical sectors in Saudi Arabia
May 18th, 2014 - 02:55 GMT

Saudi Arabia is mulling trade sanctions against the Netherlands, and Geert Wilders might have something to do with it

Al Bawaba
May 18th, 2014 - 02:55 GMT

Pulling a Toyota? Hyundai to recall 140,000 Tucsons

The project will have production capacity of 16 million tonnes a year.
May 18th, 2014 - 02:55 GMT

Replacing oil with minerals: Saudi Ma'aden has $1.5 billion worth of ambitions up its sleeve

Al Bawaba
May 16th, 2014 - 12:21 GMT

What will it take for Egypt's entrepreneurial potential to explode?

While overall unemployment experienced a slight increase, the seasonally adjusted unemployment rate decreased slightly to 9.1 percent, down from 9.2 percent in January.
May 16th, 2014 - 12:07 GMT

The realities of the economic 'miracle': Turkey's unemployment rate above 10%

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