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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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Lebanon has over 60 small, medium and large insurance companies and some experts believe that this number of firms is too big for a small country. (Shutterstock)
March 15th, 2017 - 01:00 GMT

Lebanon finalizes plan to encourage insurance company mergers

Global experience has shown that VAT training and education is fundamental to ensuring successful VAT implementation. (Shutterstock)
March 15th, 2017 - 12:00 GMT

GCC firms underprepared for VAT introduction: EY

Last year, Egypt’s transportation ministry announced it would double the price of Cairo's metro tickets to EGP 2 before the end of the 2016 fiscal year, but the changes were not implemented. (Wikimedia Commons)
March 15th, 2017 - 11:00 GMT

Cairo Metro Company tunnels into the red

Research indicates that the easiest way to increase the economic complexity of the country’s export basket would be through giving foreign companies with new expertise a chance to produce new goods in the country. (Shutterstock)
March 15th, 2017 - 10:00 GMT

Diversification of Jordan's industrial exports key to competitiveness: Report

Saudi Arabia, the de facto head of OPEC, has boasted of its lead position among member states cutting production. (Shutterstock)
March 15th, 2017 - 09:00 GMT

OPEC production cut: Is output creeping up?


Leading industry players will be showcasing the very latest production innovations and solutions for the education market.  (Educationjournalme.com)
March 15th, 2017 - 08:00 GMT

GESS 2017: MENA's largest education exhibition kicks off in Dubai

The QSE chief said family businesses or more generally private companies are the long-term pipeline for stock exchanges. (File photo)
March 15th, 2017 - 07:00 GMT

Privatization drive, family businesses to boost GCC IPO interest: QSE

Some drivers in the UAE will see their car insurance bills rise by as much as Dh1,691 this year. (File photo)
March 15th, 2017 - 06:00 GMT

Prices for UAE car insurance to soar in 2017

The pirates are demanding ransom and an end to foreign illegal fishing in Somali waters. (AFP/Tony Karumba)
March 15th, 2017 - 05:16 GMT

UAE oil tanker hijacked by Somali pirates in first incident in three years

The UAE is home to Emirates and Etihad Airways, two of the world's best airlines. (Shutterstock/Sorbis)
March 14th, 2017 - 05:00 GMT

UAE airlines should brace for weaker profits in 2017: IATA

The Muttrah Souq in Muscat, Oman. (Shutterstock/ EQRoy)
March 14th, 2017 - 04:00 GMT

Oman: Muttrah gets smart makeover to boost tourism

A key component of this partnership is a series of training programs for female journalists in Saudi Arabia and the region. (Shutterstock)
March 14th, 2017 - 03:00 GMT

Al Waleed Philanthropies and Thomson Reuters put Saudi female journalists first

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