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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 8th, 2014 - 11:02 GMT

Gearing up for yet-to-come domestic innovation: UAE resorts to Korean expertise for its first patent center

Al Bawaba
May 8th, 2014 - 10:24 GMT

The importance of word-of-mouth marketing for the UAE's 'entrepreneurial revolution'

Al Bawaba
May 8th, 2014 - 03:04 GMT

The unexpected loser: Russia sanctions to cost Israel immensely

The erosion of surpluses has prompted calls to restrain the government spending that has powered the Gulf’s economic boom over the past two decades.
May 8th, 2014 - 02:53 GMT

GCC fiscal surpluses: about to take the plunge?

Leaders of the six-nation GCC have set January 1 to implement the customs union, first launched in 2003 and delayed on several occasions to resolve hurdles.
May 8th, 2014 - 04:13 GMT

It's the thought that counts? GCC customs union set for Jan.1st

“The cultural and historical background of the two nations indicate the close friendship between Iran and China, therefore, media collaboration in all technical and production fields can be developed,” Musavi said.
May 7th, 2014 - 08:47 GMT

A common censorship agenda? Iran and China to expand media relations

Al Bawaba
May 7th, 2014 - 08:29 GMT

Dubai Chamber organises workshop on drafting contracts

Al Bawaba
May 7th, 2014 - 05:24 GMT

Mina Rashid wins its 13th World Travel Award

Mr. Khalil Saqer, Director of Corporate Communication Department, Dubai Customs
May 7th, 2014 - 04:25 GMT

Dubai Customs boosts its government partnership efforts in Q1 of 2014

Last week, official data showed a worsening trade deficit had further eroded Tunisia's foreign currency reserves, which had fallen to just 93 days of import cover.
May 7th, 2014 - 03:55 GMT

Did Algeria just step in to help save the Tunisian economy?

Jasser said he targeted annual economic growth of five percent in the country’s next five year development plan for the years 2015-2019.
May 7th, 2014 - 02:55 GMT

Spending their way out of trouble? Welfare spending and Saudi Arabia's pursuit of an economic 'qualitative shift'

Al Bawaba
May 6th, 2014 - 01:06 GMT

Why Wacker Chemie has a bigger presence in the Gulf

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