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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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Al Nouran's plant should reduce Egypt's reliance of imported sugar by up to 25 per cent from the first production line. (File photo)
November 21st, 2016 - 09:47 GMT

Sweet news for Egypt: Al Nouran to build MENA's largest sugar factory

A survey earlier this year showed that many unemployed Saudis are still put off by the lower salaries and longer working hours in the private sector. (File photo)
November 21st, 2016 - 09:30 GMT

Over 1000 mobile phone shops close, falling foul of Saudization laws

According to the forum, the confidence in the real economy sub-index rose by 2.62 points in August 2016, the highest since the beginning of this year, reaching 105.47 points. (Jordan Times)
November 21st, 2016 - 08:30 GMT

Jordan: Investor confidence rises for the first time in eight months

Cluttons joins other real estate analysts forecasting either a flat market or further slowdown in 2017.  (Shutterstock/Laborant)
November 21st, 2016 - 07:30 GMT

Dubai real estate oversupply presents opportunities for buyers in 2017

Crypto-ransomware attacks encrypts all of a victim’s digital content and holds it hostage until a ransom is paid. (Shutterstock)
November 21st, 2016 - 06:21 GMT

Saudi Arabia top target for ransomware attacks in MENA

The news follows reports earlier this year that female expats in the country were having trouble obtaining work visas. (File photo)
November 20th, 2016 - 12:00 GMT

Oman confirms tighter visa restrictions for foreign women

The Saudi government is expected to pay up to 80 percent of the total dues to contractors during the remaining few weeks of this year by disbursing another SR100 billion. (File photo)
November 20th, 2016 - 11:00 GMT

Saudi Arabia pays off $10.6M in debts to private contractors

Industry sources said the huge influx of visitors will surely give a much-needed boost to the tourism industry after a slow summer and sluggish demand from key markets. (Shutterstock/Maksym Poriechkin)
November 20th, 2016 - 10:00 GMT

Following completion of mega-projects, Dubai braces for tourist influx

The state-of-the-art facility is equipped with a Boeing 737 flight simulator and a full motion Airbus A330 simulator, where cabin crews are trained for emergencies. (File photo)
November 20th, 2016 - 09:00 GMT

Oman Air opens first flight training center

Egypt's ambassador to the UK suggested that the responsibility for the delay in resumption of flights to Sharm was due to top-level resistance. (File photo)
November 20th, 2016 - 08:00 GMT

Egyptian ambassador blames UK Prime Minister for blocking return of flights to Sharm El-Sheikh

OPEC agreed in Algeria on September to cut oil production to 32.5 million barrels a day (mb/d) from current level of 33.24 mb/d to boost the market. (File photo)
November 20th, 2016 - 07:00 GMT

Qatar announces talks with Iran, Iraq ahead of oil meet

Spain’s rail company Renfe, train maker Talgo, and state track operator Adif have extensive experience with the country’s own high-speed network. (AFP/Josep Lago)
November 20th, 2016 - 06:00 GMT

Saudi's Mecca-Medina high-speed train set to open in March 2018

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