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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 ...

“EDL will limit the network’s productive capabilities to a fixed amount of 1,550 Megawatts from July 1 to Sept. 10," the statement said. “We call on citizens to understand need to achieve balance between the need for electricity production and the sensitive situation of the public budget,” the EDL said.

July 6th, 2014 - 02:55 GMT

From bad to worse: Lebanon determines 13 hours of electricity a day

The spending figure of 23.21 billion dinars is 10.5 percent higher than estimates in the past fiscal year of 21 billion dinars.

July 4th, 2014 - 02:28 GMT

Will it get away with it this time? Kuwait passes excessively high budget, projects deficit

The project has envisaged that about 250 megawatts (MW) of electricity will be generated per day from burning 1,500 tons of solid waste.

July 4th, 2014 - 12:56 GMT

No need for any more 'garbage': US company breaks the ice with $1.1 billion investment in Iran's waste management

More people are classified as poor on a quarterly than on an annual basis as many households face temporary spells of poverty.

July 3rd, 2014 - 03:39 GMT

No blaming Syrian refugees here: one third of Jordanians in poverty at some point in the year

Regarding President Abdel Fattah Al-Sisi’s plan to provide the market with citizen’s needs for oil and sugar produced by the army, she said this plan is “illogical in economic terms and impossible to implement.

July 3rd, 2014 - 01:32 GMT

Wasn't it the one pushing for removing subsidies in the first place? IMF says Egypt will not be able to control prices after lifting fuel subsidies

Al Bawaba

July 3rd, 2014 - 08:25 GMT

Dubai Chamber promotes Mohammed bin Rashid Al Maktoum Business Award in Oman, Bahrain

The government also lowered the target deficit ratio in the new budget to 10%, compared to 12% in the FY 2013/2014 budget, according to Dimian.

July 3rd, 2014 - 02:10 GMT

Delusions of grandeur? Why economists are questioning the Egyptian government's ability to meet its self-imposed goals

KPC has said previously that the existing pipeline linking the two cities, also built by Zakhem International in 1973, has outlived its 30-year lifespan and was prone to ruptures.

July 3rd, 2014 - 01:54 GMT

It's never all bad: Lebanese firm wins major, $490 million pipeline deal in Kenya

The survey noted that 44.5 percent of those surveyed said employer efficiency is not affected, and 55 percent claim that important decisions and vital meetings are not postponed till the holy month is over.

July 2nd, 2014 - 10:23 GMT

Bayt.com survey reveals the "Ramadan effect'" on the workplace

The new complex will create significant value to Ma’aden shareholders.

July 2nd, 2014 - 06:42 GMT

Replacing oil? Ma'aden signs $5 billion dear worth of phosphate agreements

Al Bawaba

July 2nd, 2014 - 05:49 GMT

DP World chairman meets Maldives President

Turkish Energy Minister Taner Yıldız said last month that Turkey will begin exporting an additional 4,000 tons of refined oil products to Iraq daily

July 2nd, 2014 - 03:55 GMT

No one's safe: how Iraq's violence will drastically affect the Turkish economy