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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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Women face a number of social obstacles in obtaining suitable jobs and they often cannot find reliable transportation. (Shutterstock)
March 20th, 2017 - 09:00 GMT

Saudi remote working program targets 141,000 jobs for women

Main Hot Springs, Jordan. (Flickr)
March 20th, 2017 - 08:00 GMT

Arab Water Week: Regional water availability problem is financial

Bank Audi entered the Egyptian market in March 2006 and succeeded in consolidating its position to become a leading bank in Egypt.  (File photo)
March 20th, 2017 - 07:00 GMT

Against the tide, Bank Audi eyes 2017 expansion

Demonstrators protest against the government's decision to raise taxes to cover a salary increase for teachers and other public servants, Beirut,  March 19, 2017.  (AFP/Stringer)
March 20th, 2017 - 05:06 GMT

Lebanon: Angry tax protests continue for fourth consecutive day

The deal aims to promote the Kingdom’s economy, develop the ICT sector and build national talents who could lead the digital transformation drive at the national level. (Wikimedia Commons)
March 20th, 2017 - 05:00 GMT

Oracle to train 5,000 Saudi youth in IT over next four years

It is only the second time the iconic New York store has opened its doors outside of the US; the first was in Dubai Mall nearly eight years ago. (Photo courtesy of Gulf News)
March 19th, 2017 - 01:00 GMT

Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening

Saudi Arabia has sought to boost oil sales to China after losing market share to Russia last year. (File photo)
March 19th, 2017 - 12:33 GMT

Saudi Arabia to boost oil exports to China

The plant, planned to launch in December 2017, will make it possible to save the equivalent of six million cubic metres of gas per year. (File photo)
March 19th, 2017 - 11:26 GMT

Algeria expands into solar energy with new solar plant

The water desalination plant was inaugurated on 18 March 2017 by Jordan's Prime Minister Hani Mulki. (Jordan News Agency/ Petra)
March 19th, 2017 - 10:12 GMT

Jordan inaugurates first water desalination facility

Traders across Lebanon increased their prices although the debate over the new taxes has not been concluded yet. (File photo)
March 19th, 2017 - 09:00 GMT

Lebanon: Merchants hike prices ahead of new taxes

Sources say it would take at least three years for enough private hospitals to open in the country for expats to be barred for public facilities. (Shutterstock)
March 19th, 2017 - 08:00 GMT

Kuwait's lawmakers put the squeeze on expat healthcare

CMA will take part in the eleventh meeting of the Arab Securities Commissions Association to be held in Tunisia.  (Shutterstock)
March 19th, 2017 - 07:00 GMT

CMA signs MoU with Capital Markets Authority of Lebanon for increased cooperation

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