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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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Former UK prime minister David Cameron, and former CIA chief Leon Panetta, discuss the main global political forecasts for 2017 in a session moderated by Becky Anderson of CNN. (Twitter/Arab Strategy Forum)
December 14th, 2016 - 12:00 GMT

Arab Strategy Forum Dubai: David Cameron, Leon Panetta, Nabil Fahmy to headline

If approved by Congress, the equipment will allow Kuwait to modernize its fleet of M1A2 tanks. (Wikimedia Commons)
December 14th, 2016 - 11:03 GMT

Kuwait edges closer to $1.7B US tanks and weapons deal

Abu Dhabi continues to have some of the highest rents in the region and world.
December 14th, 2016 - 10:00 GMT

Abu Dhabi tenants celebrate reinstatement of five percent rental cap

A third plane purchase contract was expected to be concluded with Japan’s Mitsubishi Aircraft Corporation shortly after the finalization of the contract with Airbus. (File photo)
December 14th, 2016 - 09:00 GMT

Iran expects delivery of first batch of Airbus planes by March 2017

OPEC's production agreement enters into force in January, though producers are already pumping oil at record levels. (File photo)
December 14th, 2016 - 08:00 GMT

IEA cautions against high-risk oil investment in wake of OPEC deal

SeaWorld Abu Dhabi will be the company’s first new park without orcas, and will integrate up-close animal experiences, mega attractions and an aquarium. (SeaWorld)
December 14th, 2016 - 07:00 GMT

SeaWorld Abu Dhabi to open on Yas Island by 2022

Egypt has been negotiating billions of dollars in aid from various lenders to help revive its economy, battered by political and economic upheaval since a 2011 uprising. (Shutterstock)
December 14th, 2016 - 06:25 GMT

AfDB approves second tranche of $500M loan to Egypt

Dubai has been on cloud companies’ radar as most of the top tech companies have a base in the emirate. (File photo)
December 14th, 2016 - 05:19 GMT

Amazon Web Services to take on Alibaba Cloud with new Dubai and Bahrain offices

Flights on the service are complimentary through JetSmarter’s membership programme and members can also create their own JetShuttle flight for half the price of a traditional charter. (JetSmarter)
December 13th, 2016 - 12:00 GMT

JetSmarter app valued at $1.5B after latest round of royal, celebrity financing

The expected VAT laws are not ‘business as usual’ and may require several months for companies to successfully integrate a VAT functionality into their systems. (Shutterstock)
December 13th, 2016 - 11:00 GMT

VAT in GCC to generate $25B a year: EY

Dubai announced a visa-on-arrival scheme for Chinese visitors in September to boost tourism and trade. (File photo)
December 13th, 2016 - 10:00 GMT

Dubai's visa strategy for Chinese visitors pays off

The new banknotes will be more secure to reduce forgeries. (File photo)
December 13th, 2016 - 09:00 GMT

Saudi Arabia's new currency is a tribute to King Salman

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