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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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Some companies are participating just for the brand exposure and to test the water to see how the market works for their future plans. (Big Boys Toys)
November 24th, 2016 - 08:00 GMT

Adults come to play as Big Boys Toys opens in Abu Dhabi

The objective is to offer newlyweds a variety of options in terms of hosting unforgettable celebrations and spending their honeymoon at the best hotels and resorts in Bahrain, said a statement from BTEA. (ART Rotana)
November 24th, 2016 - 07:00 GMT

Bahrain makes a bid for brides-to-be with Island Wedding tourism initiative

The announcement comes less than a month after 7Days cut its daily print run to weekly with the aim of refocusing on digital. (YouTube)
November 24th, 2016 - 06:09 GMT

UAE's 7Days newspaper to fold, citing 'challenging media environment'

A VAT refund scheme had been suggested during the years 2009-2010, but was not implemented because of political unrest. (Shutterstock)
November 23rd, 2016 - 01:30 GMT

Egypt considers offering VAT refund scheme for tourists

The total global wealth in 2016 edged upwards by $3.5 trillion to a total of $256 trillion. (File photo)
November 23rd, 2016 - 12:30 GMT

Puttin on the ritz: UAE and Qatar enjoy highest average levels of wealth in MENA

Saudi Arabia ranks number 11 in the production of Portland cement.
November 23rd, 2016 - 11:30 GMT

Saudi Arabia's two new mining cities ready for investment

Oman's Ministry of Finance has issued 20 circulars so far this year aimed at controlling and managing spending.
November 23rd, 2016 - 10:33 GMT

Oman's latest tax targets the wealthy

The talks between Alfano and Saudi officials also touched on several other subjects such as the refugee crisis and the Islamic community in Italy.  (AFP/FIle)
November 23rd, 2016 - 09:47 GMT

Italy to provide Saudi Arabia's police with counter-terrorism, security training

The tastes of GCC residents are evolving as they become more familiar with French products, particularly as more Middle East residents decide to vacation in European countries such as France. (AFP/File)
November 23rd, 2016 - 08:30 GMT

Cheese please: MENA's cheese imports bypass those to China and North America combined

The contract is the first for Siemens within the project. (Siemens)
November 23rd, 2016 - 07:30 GMT

Siemens secures $12.4M contract to power Qatar's Hamad Port megaproject

The Cairo Governor announced the newly adjusted initial taxi fare rate of EGP 4 to be effective as of Tuesday. (File photo)
November 23rd, 2016 - 06:30 GMT

Cairo's cabbies triumphant as government raises fares to match fuel price hike

The strategy will essentially focus on financially-alienated categories that include adults with low income rates, micro-, small- and medium-sized projects, women, young people, non-Jordanians and refugees. (File photo)
November 23rd, 2016 - 05:39 GMT

Jordan's national strategy for financial inclusion to target SMEs, women

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