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AI Data Center

June 29th, 2026 - 06:34 GMT

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 ...

Bank Muscat came in the top five companies owned by Omani women investors in terms of securities at OMR14.9 million.

October 17th, 2019 - 10:49 GMT

Oman Is Home for 33,000 Women Investors In Vital Sectors

Travellers from the region usually stay 11 nights and spend more than the usual – around €4,683 euros per person/trip.

October 17th, 2019 - 10:46 GMT

GCC Tourists Key Players for Tourism in Germany

WeWork cancelled its IPO following investor concerns about mounting losses, its business model and the way the company was being run.

October 17th, 2019 - 10:43 GMT

WeWork Owner Forms Committee to Consider Financing Lifeline

While forecasts vary across specific industries, the strongest push is likely to come from the life sciences and high-tech industries.

October 17th, 2019 - 10:41 GMT

Survey: UAE Salaries Projected to Rise by 4.5 Percent in 2020

The main exports included meat, corn, beet sugar, iron ores and concentrates, aircrafts, satellites, live bovine animals, bovine meat, coffee, petroleum oils, soya-bean oil, soda or sulphate, plastering materials, lime and cement, organic chemicals, and fish.

October 17th, 2019 - 10:41 GMT

Brazil’s Exports to Arab Region Soar 13.2 Percent in 9 Months

The guitar which is named the "Eden of Coronet" was designed by Mark Lui.

October 17th, 2019 - 08:57 GMT

World's Most Expensive Guitar on Display in UAE

The Public Financial Management Forum, 2019 was held under the theme: Strengthening Public Sector Accounting in Africa.

October 17th, 2019 - 07:51 GMT

Africa Loses Resources Worth $45 Billion Due to Weak Financial Accounts System

Germany was the top exporter of goods -- both in trade within the union and with the rest of the world -- with €884 billion ($975 billion).

October 17th, 2019 - 07:42 GMT

EU Posts $25.4 Billion Trade Deficit in First 8 Months of 2019

Stressing the key role bridging the gender equality gap plays in triggering growth, she said that companies boosted results by 8 per cent to 11 per cent when they had women on their boards or in senior management, citing IMF reports.

October 17th, 2019 - 07:32 GMT

IMF Chief Sheds Lights on Gender Pay Gap

What is a SAFE? It's a financial instrument that simplifies Seed investment by serving as a right to purchase shares in a future priced round, subject to certain parameters set in advance.

October 17th, 2019 - 07:03 GMT

How to Plan for Your Early Stage Investments

Mikako Kitagawa, senior principal research analyst at Gartner

October 17th, 2019 - 06:55 GMT

Gartner Says Worldwide PC Shipments Grew 1.1% in Third Quarter of 2019

About 29,000 residential units were delivered in 2018 and with actual materialisation rate of 40 per cent to 50 per cent more than 40,000 units are expected to be delivered this year.

October 17th, 2019 - 06:53 GMT

Affordable Units Drive Sales in Dubai's Soft Property Market