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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 12th, 2014 - 04:25 GMT

Noteworthy surge of international trademarks recorded with Dubai Customs

The statement said that real estate property owned by 92% of Egyptians is not registered and is estimated to be worth EGP 1tn, and that 70% of its ownership is concentrated among low-income earners.
May 12th, 2014 - 03:55 GMT

Egypt's informal sector and economic growth: true potentials?

Al Bawaba
May 12th, 2014 - 03:55 GMT

In the face of exploding rents, how much do UAE companies provide in housing allowances?

The interim government’s stimulus plan, which was said to span between six to nine months starting from late August 2013, amounts to EGP 29.6bn and aimed at generating 3% economic growth over the fiscal year 2013/2014.
May 12th, 2014 - 02:55 GMT

Ready to be stimulated: Egypt's first stimulus package projects 'almost done'

Al Bawaba
May 12th, 2014 - 02:55 GMT

A tad too demanding? Egypt's government expecting private sector to deliver 67% of economic activity

Al Bawaba
May 11th, 2014 - 07:12 GMT

The huge uproar against the Halal industry and what it means for its prospects

Al Bawaba
May 11th, 2014 - 04:42 GMT

The limitations of friendship: China to lose out from easing Iranian sanctions

She went on to add that in many Arab countries naming Egypt, Morocco and Jordan they saw a decline in the welfare of their middle class compared to their share of the societal wealth in the 1960s.
May 11th, 2014 - 10:56 GMT

Christine Lagarde and the 'missing link' in Arab economies: the middle class

Al Bawaba
May 11th, 2014 - 06:24 GMT

PepsiCo-Jordan announces winners of ‘The Globe, Our Playfield’ football tournament and ‘Most Talented Player’ title

Al Bawaba
May 11th, 2014 - 05:37 GMT

Jafza, Arab Brazilian Chamber sign MoU to further strengthen bilateral business ties

Al Bawaba
May 11th, 2014 - 05:17 GMT

Dubai Customs honours inaugural class of “Customs Cases Diploma”

Lebanon’s primary budget turned negative in 2012 and deteriorated further in 2013 to 141 percent of GDP as the government came under pressure to spend and economic activity dropped, the IMF report said.
May 11th, 2014 - 05:00 GMT

The usual know-it-all attitude: the IMF unveils its projections for the Lebanese economy

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