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AI Data Center

June 29th, 2026 - 06:34 GMT

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 ...

The UAE portal will cover three categories of workers. including blue-collar, nurses and sailors. (Shutterstock)

February 14th, 2018 - 11:38 GMT

UAE to Create Portal for Hiring Indian Workers

Sami Al Qamzi, Director General of DED, and Arancha González, Executive Director of the International Trade Centre with representatives during the signing ceremony.

February 14th, 2018 - 09:58 GMT

Dubai Exports, ITC Join Forces to Set up ‘SheTrades Middle East Hub’

During the event, heads and senior representatives of the Arab national TIPOs will formalise the establishment of the network, elect its management bodies and agree on a work plan for the coming 12 months.

February 13th, 2018 - 01:12 GMT

Arab TIPOs Convene to Strengthen Intra-Regional Collaboration

Dubai Economy issued 1,638 new licenses and gave initial approval to 2,087 transactions in January 2018.

February 12th, 2018 - 11:58 GMT

Dubai Economy Issues 1,638 New Licenses in January 2018

In 2016, Oman raised the tax on tobacco by 100%, along with other GCC states. (Shutterstock)

February 12th, 2018 - 10:28 GMT

Oman to Double Tax on Tobacco, for Health Reasons

The majority of UAE residents (62 percent) expect the introduction of VAT to be a challenge for the country, according to a survey by YouGov. (Shutterstock)

February 12th, 2018 - 10:22 GMT

UAE Residents Expect a Cost-of-Living Pay Raise in 2018: Survey

12 years ago, Hezbollah and Israel were left gutted by a summer war that was costly for both sides. Another crisis could be looming. (Mahmoud Zayyat/ AFP)

February 11th, 2018 - 08:00 GMT

5 Reasons Why Israel Is Ready for War With Hezbollah (Oil Is One of Them)

Calling Bitcoin the 'biggest bubble in human history', economist Nouriel Roubini predicts that the virtual currency will crash to zero value. (Shutterstock)

February 11th, 2018 - 05:00 GMT

Will Bitcoin Crash to Zero? Yes, Says Dr. Doom

The lifting of U.S. sanctions, hailed by many, has simply proved to be the starting point for utter disaster in the Sudanese economy. (AFP)

February 11th, 2018 - 04:00 GMT

Opinion: Sudan’s Economy on Verge of Collapse as US Lifts Sanctions

In a poll, Gulf News asked 2,548 people if they would be able to produce Dh1,000 ($272) right away for an emergency. The results are shocking. (Pixabay)

February 11th, 2018 - 01:13 GMT

Half of UAE Residents Don’t Have Dh1,000 of Savings: Survey

In April last year, Dubai’s ruler Sheikh Mohammed bin Rashid Al-Maktoum decreed that disabled people would be known as ‘people of determination’. (Credit: Antonie Robertson)

February 11th, 2018 - 12:26 GMT

Dubai Gives ‘People of Determination’ Special Business Privileges

A specially designed slogan entitled ‘Year of Zayed’ will be integrated into the e-mail signature of employees and all documents issued by DED-Ajman.

February 11th, 2018 - 11:27 GMT

Department of Economic Development-Ajman Celebrates ‘Year of Zayed’