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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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Hyperloop One is competing with a number of other companies to have the first operational hyperloop system, a mode of transport that will propel passengers and cargo at speeds of nearly 700mp/h (1,127km/h). (File photo)
March 8th, 2017 - 07:00 GMT

Hyperloop One to hire staff for UAE expansion

Jordan's PM expressed interest in establishing a maritime line between Aqaba and Turkish ports, as well as increasing the volume of exported phosphate and potash to Turkey. (File photo)
March 8th, 2017 - 06:00 GMT

Jordan, Turkey target $3B trade volume, new maritime line

Motiva was formed in 1998 as a refining and marketing joint venture between affiliates of Shell and Saudi Aramco. (Saudi Aramco)
March 8th, 2017 - 05:17 GMT

Saudi Aramco, Shell finalize Motiva asset transfer to dissolve long-term JV

The Logistics Areas Project is located close to the Hamad Port, the Mesaieed Industrial Port and the Orbital Highway. (Shutterstock)
March 7th, 2017 - 01:00 GMT

Qatar logistics hub development expected to attract $8.24B in investment

Parliament is currently studying a law for the creation of a national committee for fighting corruption, as well as a law for the protection of those who report corrupt activities.  (Shutterstock)
March 7th, 2017 - 12:00 GMT

Modernization of laws to fight corruption, money laundering needed: Lebanese minister

Designed to be a sustanable model, the hotel will rely heavily on a farm-to-table philosophy, with around 60 to 70 percent of the hotel’s fresh produce needs being sourced from an adjoining farm. (Pinterest)
March 7th, 2017 - 11:00 GMT

Hotel Indigo will be MENA's first solar-powered hotel

Icflix offerings will be available as a one-month free trial followed by a subscription of less than $3 a month. (Google Play)
March 7th, 2017 - 10:00 GMT

Orange Egypt partners with Icflix for exclusive digital content

Saudi Arabia faces a crucial juncture in its economic growth and youth employment.  (File photo)
March 7th, 2017 - 09:00 GMT

Saudi Arabia to harness digitization to create half a million jobs by 2020

The special-purpose company - owned by Marubeni (20 per cent), JinkoSolar (20 per cent) and Adwea with a 60 per cent stake - will construct, own, operate and maintain the PV plant. (File photo)
March 7th, 2017 - 08:00 GMT

Sino-Japanese JV wins contract for Abu Dhabi solar power plant

Marble and granite factory owners in Lebanon have recently staged several rallies against imports of similar products from Egypt and Syria. (Assaf Marble)
March 7th, 2017 - 07:00 GMT

Lebanon and Egypt to sign MoU to ramp up trade

The resort, an affiliate of the Intercontinental Hotel Group (IHG), is set to be inaugurated in 2019.  (RAK Properties)
March 7th, 2017 - 06:00 GMT

Rak Properties and Al Nuaimi Group ink $3M deal for InterContinental hotel

S&P also said it expected the Qatari riyal’s peg to the US dollar to be maintained. (File photo)
March 7th, 2017 - 04:58 GMT

Debt concerns push S&P's Qatar rating to negative

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