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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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A recent study discovered that 90 percent of mobile banking applications have serious security problems that could potentially compromise user data. (Shutterstock)
December 22nd, 2016 - 10:00 GMT

Hacker alert: Mideast users of smart devices to reach 598 million in 2018

Comparing revenue items for 2017 with 2016, the government expects an increase in fees revenues by six per cent. (Dubai Media Office)
December 22nd, 2016 - 09:00 GMT

Dubai's 2017 budget: Projected expenditures increased to $12.8B

Egypt has recently witnessed an acute shortage in imported medicines after their prices increased. (AFP/Anwar Amro)
December 22nd, 2016 - 08:00 GMT

Egypt's pharmacists plead for presidential intervention against medicines price hike

Although a lower deficit in 2016 is encouraging, Saudi Arabia faces a tough task to balance its budget by 2020. (File photo)
December 22nd, 2016 - 07:00 GMT

Saudi Arabia's 2017 budget: More spending cuts expected

The BTA head said that stores everywhere, including in malls, are witnessing low sales this festive season due to low purchasing power.  (Shutterstock)
December 22nd, 2016 - 06:00 GMT

Lebanon's retailers wait in vain for a post-election boost

Minister of Planning and International Cooperation Imad Fakhoury signs a loan agreement with Japan’s Ambassador to Jordan Shuichi Sakurai. (Jordan Times)
December 22nd, 2016 - 05:27 GMT

Jordan receives $254M soft loan from Japan

Unilever’s new facility was completed in 18 months with 2.8 million man hours and zero safety incidents.
December 21st, 2016 - 01:00 GMT

FMCG giant Unilever opens $272M manufacturing plant in Dubai


Under the new rules, the visa length has also been reduced to a maximum of ten days, non-extendable. (File photo)
December 21st, 2016 - 11:41 GMT

Oman tightens tourist visa restrictions on expat women

12 people died and 48 people were injured when a truck rammed into a Berlin Christmas market in a suspected terror attack. (AFP/File)
December 21st, 2016 - 10:00 GMT

Will terror attacks damper Arabs' appetite for European holidays?

Egypt received the first tranche of the loan, worth $1 billion, in September. (File photo)
December 21st, 2016 - 09:00 GMT

Egypt: World Bank to release second billion-dollar loan tranche

The wave in favor of data usage seems to be modifying the ICT market’s dynamics in Lebanon. (Pixabay)
December 21st, 2016 - 08:00 GMT

Lebanon's IT sector is fastest-growing segment of the economy

Qatari women represent about half of the national workforce, or 91,000 working age individuals.  (AFP/Valery Hache)
December 21st, 2016 - 07:00 GMT

Qatarization schemes are failing women: Study

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