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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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Amazon has restarted talks to acquire Souq.com for as much as $650M. (Shutterstock/ Eric Broder)
March 22nd, 2017 - 01:17 GMT

Amazon resumes takeover talks with UAE's Souq.com

Field and well development plans are already underway and the first development well has been drilled. (File photo)
March 22nd, 2017 - 12:00 GMT

New project to increase Oman’s gas production by 40 percent: BP

The UN warned last year that Gaza may become uninhabitable by 2020. (AFP/File)
March 22nd, 2017 - 11:00 GMT

Israel fully accountable for water crisis in Gaza: Official

Saudi Arabia wants to boost the percentage of women in the Saudi workforce to 28 percent by 2020. (File photo)
March 22nd, 2017 - 10:06 GMT

Saudi Arabia wants more women in the workforce by 2020: Ministry of Labor

The laptop ban is believed to come amid fears over new terrorist tactics. (File photo)
March 22nd, 2017 - 09:19 GMT

Canada, France could soon follow suit with US-style laptop ban

The UK imposes ban on laptops on flights from six Middle East countries: Lebanon, Jordan, Egypt, Tunisia, Turkey, and Saudi Arabia. (File photo)
March 22nd, 2017 - 08:30 GMT

UK bans laptops, large electronic devices from six Middle East countries

The Trump family’s expenses during business trips abroad have been placed under scrutiny since the president assumed office. (Facebook)
March 21st, 2017 - 06:00 GMT

This is how much Trump sons’ trip to Dubai cost US taxpayers

A man serving tea in Cairo. (Shutterstock/ Orhan Cam)
March 21st, 2017 - 05:00 GMT

Inflation rate in Egypt hits highest level in 30 years

At least 38 people were killed and another 39 injured after two gunmen attacked a beach hotel in the Tunisian city of Sousse in June 2015. (AFP/File)
March 21st, 2017 - 04:00 GMT

Tunisia: Number of French tourists growing fast but still not enough

Bill Gates’ fortune grew from an estimated $75 billion last year to $86 billion in 2017. (Shutterstock/ GongTo)
March 21st, 2017 - 03:00 GMT

Arab billionaires step aside: Bill Gates continues to be world’s richest man

GCC governments have taken steps to shift the burden of funding services such as healthcare to the private insurance sector and away from government. (File photo)
March 21st, 2017 - 02:13 GMT

Health insurance market in GCC shows signs of recovery: S&P

The increase in tobacco prices was mainly due to an increase in transportation, housing, water, electricity and fuel categories. (File photo)
March 21st, 2017 - 01:00 GMT

Tobacco prices in Oman up 23 percent

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