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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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Many of the reserves and energy facilities are located in the country’s south which has been hit by a wave of sandstorms in recent years. (File photo)
February 19th, 2017 - 10:00 GMT

Iran announces major oil and gas discoveries

Lebanon consumes $1.3 billion in medicines and drugs annually, but only 7-10 percent of these pharmaceuticals are produced locally. (Shutterstock)
February 19th, 2017 - 09:00 GMT

Lebanon's lawmakers call for reciprocal agreements to boost local pharmaceutical industry

After introducing the new levy, exchange houses were passing on the burden to customers. (Shutterstock)
February 19th, 2017 - 08:00 GMT

Oman u-turns on customs duty for imported bank notes

Visitors go through security at Sharm El Sheikh airport. (AFP/File)
February 19th, 2017 - 07:00 GMT

Resumption of Russian flights to Egypt hinges on airport security details

Morgan Stanley is also expected to be a global co-ordinator and bookrunner on the Aramco listing. (File photo)
February 19th, 2017 - 06:00 GMT

JP Morgan, Morgan Stanley tipped to underwrite Saudi Aramco IPO

Both Trump sons lauded the close, friendly relationship that Sajwani has had over the last several years with the Trump family and the Trump Organization. (Khaleej Times)
February 19th, 2017 - 05:00 GMT

Dubai's glitterati fete Eric and Donald Jr. at Trump International Golf Club opening

Bill Gates at the World Economic Forum in Davos 2017.  (AFP/Fabrice Coffrini)
February 16th, 2017 - 01:30 GMT

MENA youth will surprise people with innovation: Bill Gates

Among the GCC countries,The UAE was ranked first on the list; Qatar 29th; Bahrain 44th; Kuwait 61st; Saudi Arabia 64th and Oman 82nd.  (Shutterstock)
February 16th, 2017 - 12:30 GMT

UAE makes top ten on global economic freedom index

Small fishing boats in Mirbat, Dhofar, Oman. (Shutterstock/JurateBuiviene)
February 16th, 2017 - 11:30 GMT

Oman's fisheries sector can become a world-class competitive industry: World Bank

The commercial launch of iflix’s internet TV service across the MENA region is planned for Q2 of 2017.  (Trade Arabia)
February 16th, 2017 - 10:30 GMT

Zain, iflix in joint venture to launch regional internet TV service

The project is designed to cater to the needs of different income groups and family sizes and is being implemented in partnership with the private sector. (File photo)
February 16th, 2017 - 09:30 GMT

Saudi's Sakani housing program to distribute 120,000 homes

There is a consensus among the GCC countries for taking action together in case of a dumping attempt by a foreign company. (Shutterstock)
February 16th, 2017 - 08:30 GMT

Oman spearheads GCC anti-dumping study

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