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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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The oil pipeline will transport petroleum products from the port city of Karachi to major consumer Punjab. (File photo)
March 13th, 2017 - 04:00 GMT

Kuwait builds Pakistani oil pipeline from Karachi to Punjab

Russia suspended all its flights to Egypt following the Russian plane crash in Sinai in October 2015. (File photo)
March 13th, 2017 - 03:00 GMT

Russia, Egypt finalize security protocol to resume flights

The Dubai government aims to see 25 percent of buildings in the city constructed using 3D printing technology by 2030. (File photo)
March 13th, 2017 - 02:00 GMT

The future is here: Dubai gears up for world's first 3D-printed skyscraper

The Central Bank of Egypt increased interest rates to curtail inflation, but it has not been effective at reducing price hikes. (File photo)
March 13th, 2017 - 01:12 GMT

Egypt's inflation remains high despite higher interest rates

Lebanon has not ratified a state budget since 2005 due to political bickering between rivals, leading to uncontrolled extra-budgetary spending in the billions of dollars.  (Shutterstock)
March 13th, 2017 - 12:00 GMT

Crunch time for Lebanon's 2017 budget, controversial salary hike bill

The assisted sectors include  business and SMEs development; innovation and technological transfer; fight against poverty and social inclusion and environmental sustainability. (AFP/File)
March 13th, 2017 - 11:00 GMT

Jordan secures EU finance for socioeconomic and environmental programs

Al Qurrayah, Saudi Arabia. (Pixabay)
March 13th, 2017 - 10:00 GMT

Saudi targets domestic tourists with 'Live Saudi Arabia' campaign

Saudi Arabian King Salman arrives at Haheda Airport in Tokyo on March 12, 2017. (AFP/Toru Yamanaka)
March 13th, 2017 - 09:14 GMT

Expanded partnership agreements expected on King Salman's historic visit to Japan and China


Construction work is due to start this month, with the first berths planned for completion in 2021. (Shutterstock)
March 13th, 2017 - 08:00 GMT

Algeria breaks ground on $3.3B deepwater port project

Integrated Financial Group is managed and controlled by Abu Dhabi Financial Group (ADFG), which acquired a 48.36 per cent stake in Shuaa last November. (File photo)
March 13th, 2017 - 07:00 GMT

Dubai's Shuaa Capital to acquire two ADFG financial subsidiaries

Tunisair passengers were stranded for hours after the airline was forced to suspend flights following a row between pilots and maintenance workers. (Shutterstock)
March 13th, 2017 - 06:00 GMT

Tunisair cancels flights over fight between technicians and pilots

Nasdaq Dubai is the world’s largest venue for sukuk listings at $45.06 billion.  (File photo)
March 13th, 2017 - 05:02 GMT

Nasdaq Dubai, Bourse de Tunis partner to boost Islamic finance

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