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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 unique floating architectural structure is set to become a major future landmark in Dubai's cityscape. (Marasi)
January 25th, 2017 - 07:00 GMT

Dubai: Finland's Admares awarded contract for Marasi Business Bay's floating homes

The bonds will be listed on the Luxembourg Stock Exchange. (AFP/File)
January 25th, 2017 - 06:25 GMT

Egypt gears up for triple-tranche Eurobond issue

Real Madrid products will be sold in Paris 68, Marka's new retail-concept store that will start operating this year. (YouTube)
January 25th, 2017 - 05:23 GMT

Dubai's Marka inks exclusive licensing deal for Real Madrid merchandise in GCC

The lobbyists have accused Emirates of "flagrantly violating" the air services agreement that allows it to fly to the United States. (Wikipedia)
January 24th, 2017 - 01:00 GMT

Emirates' Dubai-Athens-Newark flight reignites subsidy row with US

Egypt's tourism industry has been hard hit by the crash of the Russian jetliner as well as international flight suspensions by to Sharm al-Sheikh. (AFP/Mohamed el-Shahed)
January 24th, 2017 - 12:00 GMT

Germany lifts remaining restrictions on flights to Sharm El Sheikh

The meeting was reportedly postponed on news that participation of the EU companies was weak. (File photo)
January 24th, 2017 - 11:05 GMT

Jordan-EU meeting on 'EU rules of origin' trade deal postponed indefinitely

Tourism development as part of an economic diversification strategy has helped drive demand for the food-service sector.  (AFP/Patrick Baz)
January 24th, 2017 - 10:00 GMT

Growing market, growing waistlines? GCC fast food segment worth $20B last year

Since being founded in 2012, the END Fund has raised more than $70m and supported the treatment of 100 million people at risk of neglected tropical diseases. (Shutterstock)
January 24th, 2017 - 09:00 GMT

Alwaleed Philanthropies donates $3M to END Fund to fight tropical diseases

The Australian CEO oversaw rapid growth of Etihad Airways, including the development of seven airline equity partnerships. (File photo)
January 24th, 2017 - 08:00 GMT

Etihad Aviation Group CEO James Hogan to step down after ten-year tenure

The aircraft are currently based in Abu Dhabi’s Al Bateen Airport, and only fly to destinations in the GCC region as they cannot fly longer than around three hours. (GI Aviation)
January 24th, 2017 - 07:00 GMT

Luxury for less: GI Aviation debuts cut-price private jets

Nazaha said it found irregularities in eight contracts worth more than SR80 million, which were intended to purchase licenses to implement an electronic program to unify the company’s systems. (Shutterstock)
January 24th, 2017 - 06:00 GMT

Saudi Electricity Company employees embroiled in $21M corruption case

Sheikh Adel Aujan (right), chairman, Aujan Group Holding, and Muhtar Kent, chairman and CEO, The Coca-Cola Company, celebrate the billionth can of Rani produced under their partnership. (Coca-Cola)
January 24th, 2017 - 05:32 GMT

'King of Vimto and Rani', Saudi businessman Sheikh Adel Aujan dies

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