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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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Buyer demand for healthy and Halal products has turned Gulfood 2017 into a window to global food sector reinvention. (Shutterstock/Maksym Poriechkin)
February 27th, 2017 - 08:00 GMT

Gulfood 2017 gets underway in Dubai with 5,000 exhibitors from 120 countries

Work is underway to create an agenda of governmental activities over a period of weeks. (File photo)
February 27th, 2017 - 07:00 GMT

Jordan presses forward with administrative reform, economic incentives

Egypt last increased its entry visa fees in April 2014, from $15 to $25. (Shutterstock/Andriy Oleksienko)
February 27th, 2017 - 06:00 GMT

Egypt to raise tourist visas by 140 percent in July

The main objective of setting up Nomu was as an additional source of funding for issuers to access capital, and increased diversification and deepening of the capital market. (File photo)
February 27th, 2017 - 05:11 GMT

Saudi Arabia debuts Nomu, the alternative equity market

British Foreign Secretary Boris Johnson (L) meets with his Egyptian counterpart Sameh Shoukry on February 25, 2017, in the capital Cairo. (AFP/Stringer)
February 26th, 2017 - 12:00 GMT

Egypt raises issue of continued UK flight ban to Sharm with British FM

The CAA’s complaint data shows that the most complained about airline for non-payment of compensation for connecting flights was Emirates. (File photo)
February 26th, 2017 - 11:00 GMT

UAE airlines to fight against EU law application on flight delay compensation

The last date for submitting the offers is March 31.  (Wikipedia)
February 26th, 2017 - 10:00 GMT

Lebanon's oil and gas tenders proceed despite disputed offshore blocks

Aramco has asked JPMorgan Chase and Morgan Stanley to assist with its upcoming mammoth IPO and could call on another bank with access to Chinese investors. (File photo)
February 26th, 2017 - 09:00 GMT

Aramco mulls discounted stock for Saudi investors

OPEC Secretary-General Mohammad Barkindo said there was strong coordination around the agreement, comments that followed reports suggesting stronger action in the second half of the year. (File photo)
February 26th, 2017 - 08:00 GMT

OPEC, non-OPEC reach 86 percent compliance with product cuts

The inability to impose a cohesive monetary policy is normal given that the country is currently being ripped apart by an armed coup led by Houthi militia. (File photo)
February 26th, 2017 - 07:00 GMT

Yemen's Central Bank struggles to impose unified exchange rate

Misr Italia Deputy Chairman Mohamed al-Assal said his company was no longer in contact with Saudi Arabia over the deal. (Shutterstock)
February 26th, 2017 - 06:00 GMT

Political tensions hit Egyptian housing deals with Saudi Housing Ministry

The government’s decision to raise the renewal fees of passports was a necessity to overcome a “tough” economic situation, with avoiding any impacts on other vital sectors in the state. (File photo)
February 26th, 2017 - 05:00 GMT

Jordan revises temporary passport fees for Gazans

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