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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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Tourism was once viewed as one of the main sources of revenue for the Lebanese economy. (File photo)
April 5th, 2017 - 11:07 GMT

Lebanon's tourism: Will 2017 be the light at the end of the tunnel?

JPA Design, one of the world’s leading design specialists, promises to deliver a new cabin interior reflective of the airline’s maturity. (Flydubai)
April 5th, 2017 - 10:33 GMT

Flydubai gets a makeover!

Jordan said it will deploy police to patrol roads and take legal action against violating workers, and deport them “immediately” if they do not have valid permits. (AFP/File)
April 5th, 2017 - 10:11 GMT

Jordan cracks down on illegal workers

The Central Bank of Oman in Muscat. (File photo)
April 5th, 2017 - 09:51 GMT

Central Bank of Oman backs local money market with $154M treasury bills

The real estate market in Dubai is preparing for a new phase of momentum. (File photo)
April 5th, 2017 - 05:00 GMT

Dubai real estate deals hit record high of $21B

Qatar advances rapidly with construction projects across the country ahead of 2022 FIFA World Cup. (File photo)
April 5th, 2017 - 04:00 GMT

Qatar: 2022 World Cup offers $385M in business opportunities

According to the report, Saudi Arabia showed the weakest salary growth across the GCC region. (File photo)
April 5th, 2017 - 03:00 GMT

Revealed: Saudi Arabia's top 10 salaries for 2017

The deals between the two countries, four in total, include a memo to import and export natural and liquefied gas. (File photo)
April 4th, 2017 - 10:00 GMT

Jordan, Egypt sign gas supply deals

Qatar Petroleum's President and CEO Saad Sherida al-Kaabi told the media during a press conference in Doha that work on the project's details will commence in the next few months. (QNA)
April 4th, 2017 - 09:30 GMT

Qatar to launch world’s biggest gas field: QP chief

Egypt's total foreign debt increased to $67.3 billion in the first half of the fiscal year 2016-2017, compared to $47.8 billion in the first half of 2015-2016. (AFP/Khaled Desouki)
April 4th, 2017 - 09:00 GMT

Egypt's external debt up 40.8 percent amid currency flotation

Turkish exports in March have increased 19 percent year-on-year, the highest rise since November 2012. (File photo)
April 4th, 2017 - 08:26 GMT

Turkey's exports surge to $13.6B in March

Dubai is moving towards a rental law that better balances the relationship between landlord and tenant. (Pixabay)
April 4th, 2017 - 09:00 GMT

Landlords and tenants in Dubai could see new rental law

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