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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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Even as even most developments in Dubai were once targeted at the wealthy investor and marketed as luxury properties, there has been a marked shift towards more affordable projects. (Shutterstock)
December 19th, 2016 - 11:39 GMT

Will 2017 be the year of affordable housing in Dubai?

The agreement with Airbus will not be worth more than 10 billion dollars since the A380s have been dropped from the contract. (Wikimedia Commons)
December 19th, 2016 - 10:00 GMT

Iran Air finalizes purchase of 100 Airbus planes

Oman’s first commercial renewable power project is already in operation in Al Mazyunah in Dhofar region. (Shutterstock)
December 19th, 2016 - 09:00 GMT

Oman's diversification program sets ten percent renewable energy target

Open skies agreements between the GCC and EU were thrown into question following the UK's Brexit vote. (Shutterstock)
December 19th, 2016 - 08:00 GMT

UAE, Sweden sign open skies agreement

Announced in April, the Vision 2030 strategy sets 9.5 GW as an ‘initial target’ to help build the renewables sector, noting that energy consumption will triple in the next 14 years. (Shutterstock)
December 19th, 2016 - 07:00 GMT

High demand for solar energy in Saudi is a landmark opportunity for investors: Report

Tabet explained that much of the real estate slump could also be attributed to risk-averse attitudes within the Lebanese diaspora community.  (File photo)
December 19th, 2016 - 06:00 GMT

Lebanon: Post-election, a subdued mood reigns at property festival

More than 90 per cent of APC's products are exported to more than 30 countries, spanning Africa, Asia, Europe, and the Middle East. (File photo)
December 19th, 2016 - 05:09 GMT

Jordan's Arab Potash Company signs export deal with China

Earlier this month, Careem announced an expansion strategy aimed at 15 cities across the Middle East. (File photo)
December 18th, 2016 - 12:19 GMT

Saudi Telecom approves purchase of stake in Uber-rival Careem

Car exports represent 4.8 percent of Turkey's total exports in 2014. (Borsatek)
December 18th, 2016 - 11:17 GMT

Turkey eyes $70B trade with Middle East in 2017

There is a fear that banks will play a limited role to financing the state’s general budget deficit through treasury bills and bonds which generates profits without any real effort or cost. (File photo)
December 18th, 2016 - 10:02 GMT

Egypt's banks adopt a wait-and-see strategy on investments

The facility will allow Saudi Aramco to leverage its unique position within the R&D ecosystem at KAUST to accelerate the implementation of the company’s Technology Strategy. (GradSchoolHub.om)
December 18th, 2016 - 09:00 GMT

Saudi Aramco breaks ground on state-of-the-art university research center

Moody’s report is part of a series of 2017 credit outlooks that provide insight into next year’s credit conditions across all sectors. (File photo)
December 18th, 2016 - 08:00 GMT

Negative outlook for MENA non-financial corporates in 2017: Moody's

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