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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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Jabal Al Qara Cave, Al Hassa, Saudi Arabia. (WIkimedia Commons)
March 6th, 2017 - 12:00 GMT

Saudi Arabia allocates $800M in loans for tourism projects through to 2020

Among the hotels being run by Oman Hotels & Tourism Co include: Ruwi Hotel in Muscat, Al Wadi Hotel in Sohar, Sur Plaza Hotel in Sur and the Desert Nights Camp in the Sharqiyah Sands. (Oman Hotels)
March 6th, 2017 - 11:00 GMT

Oman Hotels & Tourism Co. to develop ten new three- and five-star hotels by 2022

The Union Jack flies from the British Royal Navy's HMS Ocean (L12) amphibious assault ship and helicopter carrier as it lies docked in the port of Beirut. (AFP/Anwar Amro)
March 6th, 2017 - 10:00 GMT

UK affirms commitment to Lebanon despite Brexit

Mall of Egypt is expected to create more than 41,000 direct and indirect job opportunities since commencement of its construction. (Trade Arabia)
March 6th, 2017 - 09:00 GMT

Majid Al Futtaim opens $707M Mall of Egypt

Travel tax and terminal fees are being included in the cost of the airline tickets issued to overseas filipino workers, who cannot always be refunded at departure. (Shutterstock)
March 6th, 2017 - 08:00 GMT

Gulf airlines urged to honor duty-free travel arrangements for overseas Filipino workers

Transport Minister Hussein Al Souob said regulating ride-hailing apps would improve the competitiveness of yellow taxis. (File photo)
March 6th, 2017 - 07:00 GMT

Jordan moves to regulate ride-hailing apps

Bahrain's new LNG Import Terminal will form a vital part of the energy infrastructure of the country.  (Shutterstock/Vytautas Kielaitis)
March 6th, 2017 - 06:03 GMT

Bahrain's Nogaholding plans over $7B of oil and gas investments into 2022

This was the first time that Oman had issued a 30 year maturity period bond, which accounted for $2 billion of the funds raised. (File photo)
March 6th, 2017 - 04:59 GMT

Oman's $5B bond sale 'a global vote of confidence': Finance Minister

The society’s secretary general, Khalid Al-Fakhiri, was quoted as saying holding on to an employee’s passport was a form of human trafficking. (Shutterstock)
March 5th, 2017 - 01:00 GMT

Saudi Arabia sets deadline for return of employees passports

The German offer came during a visit to Egypt by German Chancellor Angela Merkel. (AFP/Khaled Desouki)
March 5th, 2017 - 12:00 GMT

Germany grants Egypt $500M for economic development and SME support

Sharjah Food Park will be the first food industry complex of its kind in the region, in terms of its nature and size. (SharjahUpdate.com)
March 5th, 2017 - 11:00 GMT

UAE: Sharjah Food Park complex to be Hamriyah Free Zone's flagship project

Lukoil accounts for over two per cent of global crude oil production and around one per cent of the world’s proved hydrocarbon reserves.  (File photo)
March 5th, 2017 - 10:00 GMT

Russia's Lukoil eyes operations expansion in Middle East

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