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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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Qatar is the second largest exporter of natural gas in the world. (Pixabay)
March 30th, 2017 - 08:36 GMT

Qatar's energy sector is moving towards renewable energy: Minister

The market for second-hand cars is feeling the impact of the new fess on expatriates announced by the Saudi government. (Pixabay)
March 30th, 2017 - 06:43 GMT

Used car market in Saudi Arabia suffers as thousands of expats are forced to go home

Saudi Arabia is launching many initiatives to boost the growth of SMEs. (File photo)
March 29th, 2017 - 01:00 GMT

Saudi Arabia’s 'parallel market' a push for SMEs: Report

Souq.com's CEO Ronald Mouchawar declined to give price details of the Amazon deal, which is estimated to be worth $580m to $750m. (File photo)
March 29th, 2017 - 12:01 GMT

Souq.com's CEO to maintain position in company following Amazon deal: Sources

The report covers the largest banks in Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, and the UAE. (File photo)
March 29th, 2017 - 11:13 GMT

GCC banks see decline in profits for first time since 2008: Report

Saudia is offering 20MB free internet service on board its flights to the US and the UK. (AlBawaba)
March 29th, 2017 - 10:35 GMT

Saudia gives free internet to passengers traveling to US, UK

The project aims to reduce electricity costs by generating electricity from solar energy. (AFP/File)
March 29th, 2017 - 10:20 GMT

Jordan, Germany sign $47.5M solar energy deal for Syrian refugees

Under the new agreement Oman Air will connect travelers to 59 destinations across Europe and North America from Lufthansa’s Frankfurt and Munich hubs. (Shutterstock)
March 29th, 2017 - 09:38 GMT

Oman Air inks new partnership with Lufthansa to expand across Europe, North America

Egypt's declining economy needs all the help it can get. (AFP/File)
March 29th, 2017 - 08:59 GMT

Egypt discusses economic support with G-8 countries

The times are tough for car dealers in the UAE. (File photo)
March 29th, 2017 - 07:00 GMT

Car sales down in UAE as consumers put the brakes on their spending

In 2016, the country secured a total of $280 million of foreign inward investment from 40 new companies. (File photo)
March 29th, 2017 - 06:00 GMT

Bahrain promises growth, market reforms in return for foreign investment

The UAE is still on track to implement VAT from January 1, 2018.
March 29th, 2017 - 05:00 GMT

UAE to exempt new residential property from VAT

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