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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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Technology up-gradation was not on the list for almost 51 percent of consumers in Q2 2019 chiefly due to budget constraints.
October 27th, 2019 - 10:30 GMT

Consumer Confidence Index in Dubai Witnesses a Marginal Decline in Q2

Total value of the country's exports stood at $24.4 billion in the first seven months of this year
October 27th, 2019 - 10:00 GMT

Iran: Country’s Economy Remains Stable Despite Re-Imposition of US Sanctions

Twitter expects its total revenue for the fourth quarter to reach between 940 million dollars and 1.01 billion dollars
October 27th, 2019 - 09:30 GMT

Twitter Posts 9 Percent Growth in Q3 Revenue, Hit $824 Million

The UAE compares favorably with many countries in the e-commerce business, especially in the online retail business.
October 27th, 2019 - 09:00 GMT

Dubai Reinforces Its Position in the Global E-Commerce Business

UAE and UK share close ties across an array of sectors. 
October 27th, 2019 - 08:30 GMT

UAE Mulls Bilateral Cooperation with UK in 3 Vital Fields

Tunisia has expected to receive a record 9 million tourists by the end of 2019
October 27th, 2019 - 08:00 GMT

Tunisia Welcomes 7.5 Million Tourists in 10 Months

Income tax exemptions decreased by 20 percent compared with last year.
October 27th, 2019 - 07:30 GMT

Morocco’s Tax Exemptions Down 3 Percent, Total $3 Billion in 2019

The volume of non-oil deals concluded by Saudi Arabia amounted to approximately USD170 billion
October 27th, 2019 - 07:00 GMT

Saudi Arabia's Non-oil Deals Hit $170 Billion Since 2016

Saudi Arabia had set out a clear strategy for economic diversification and development through its Vision 2030 reform plan
October 26th, 2019 - 03:00 GMT

Saudi Arabia’s Economy Could Create 124,000 Jobs by 2030 in Tech Sector

Analysts expected Egypt’s gross domestic product (GDP) growth to slow to 5.5 percent in the 2021/22 fiscal year.
October 26th, 2019 - 01:00 GMT

Egypt’s Economy to Grow at 5.5 Percent in Fiscal Year 2019/20

Jordan’s new ranking as “one of the biggest jumps in the history of the Kingdom
October 26th, 2019 - 11:00 GMT

Jordan Soars 29 Places in World Bank’s Doing Business 2020 Report

China’s crude oil imports from Tehran were 538,878 tons last month.
October 26th, 2019 - 09:00 GMT

Saudi Still China’s Largest Crude Oil Supplier

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