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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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Boeing received a Treasury license to sell 80 planes to Iran in June but is still negotiating sales. (File photo)
November 16th, 2016 - 11:00 GMT

US Republicans continue their push to block aircraft sales to Iran

The agreement comes as Qatar prepares to dramatically increase the number of labourers working on World Cup projects from around 10,000 to more than 30,000 over the next year. (File photo)
November 16th, 2016 - 10:00 GMT

Qatar agrees to World Cup site inspections as it prepares to triple number of migrant workers

In the Middle East, Dubai has been the most innovative on solar power. (Shutterstock)
November 16th, 2016 - 09:00 GMT

Saudi Arabia and Russia could lead push to diversify energy resources: WAM

The aim of the program is to enable youth to create their own jobs. (File photo)
November 16th, 2016 - 08:00 GMT

Jordan allocates $35M to target youth unemployment

Mansour noted that demand for real estate would pick up when concrete changes took place in Lebanon, such as the end of the Syria war, a drop in unemployment rates, and an increase in tourists. (Shutterstock)
November 16th, 2016 - 06:36 GMT

'Too soon' to expect an improvement in Lebanon's real estate sector

Travel demand and the overall economic expansion programmes prior to the oil price decline have fuelled the rapid expansion in aircraft fleet and airport capacity. (Shutterstock)
November 16th, 2016 - 06:02 GMT

Increased travel demands power $100B of MENA airport projects

Oman's banks will remain fairly resilient as the expected economic slowdown pressures corporate profits,  household finances, and loan performance. (AFP/File)
November 15th, 2016 - 01:00 GMT

Outlook for Oman's banks raised to stable: Moody's

Under the partnership, CCIC and Image Nation will also train and develop up-and-coming media talent in both the UAE and China. (Facebook/Image Nation)
November 15th, 2016 - 12:00 GMT

Abu Dhabi's Image Nation partners with Culture China for $300M film fund

The Kimberley Process was designed to curb the trade in conflict diamonds. (Shutterstock)
November 15th, 2016 - 11:00 GMT

The bling ring: UAE accounts for third largest diamond exports worldwide

The scheme is expected to encourage capital and investment to drive economic growth. (Shutterstock)
November 15th, 2016 - 10:00 GMT

Turkish proposal looks to attract investors with promise of citizenship

Egypt floated the pound on Nov. 3 in a dramatic move welcomed by businesses as the key to unlocking investment. (File photo)
November 15th, 2016 - 09:00 GMT

Egypt's pound continues to strengthen against the dollar

Officials in both Saudi Arabia and Australia have been holding extensive deliberations on drafting an efficient and cooperative partnership between the two countries especially with respect to the agricultural sector. (Fruitnet.com)
November 15th, 2016 - 08:00 GMT

Saudi Arabia to ramp up imports of Australian agricultural products

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