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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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Besides oil and gas, technology, construction and medical equipment were the standout performers as they witnessed double digit growth in terms of combined revenue and profitability.
October 17th, 2019 - 06:42 GMT

Oil,Gas Outperforms Other Sector in Terms of Combined Revenue in 2018

Shell’s Vice Executive President Upstream Joint Ventures Gerald Schotman, for his part, said that the growth of natural gas production in maritime areas in Egypt plays a crucial role in the renaissance of gas.
October 17th, 2019 - 06:21 GMT

Egypt: Oil Sector Achieves Highest Investment Rate Value at $30 Billion

The charges unsealed in federal court in Manhattan mirror those against one of Halkbank’s former executives, Mehmet Hakan Atilla.
October 17th, 2019 - 05:56 GMT

US Charges Turkey's Halkbank With Participating in Scheme to Evade Iran Sanctions

IMF stated that the world economy is slowing to its weakest pace
October 16th, 2019 - 01:00 GMT

IMF Hails Saudi Non-Oil Sector’s Growth

The city continues to welcome an increased number of Chinese visitors with positive 12 per cent year-on-year growth
October 16th, 2019 - 12:30 GMT

Chinese Tourists Can Now Get Instant VAT Refunds at Dubai Airports

Italian energy company Eni is gearing up to start drilling for the first oil exploratory
October 16th, 2019 - 12:00 GMT

Bahrain Oil Investments Reach $8 Billion

Facebook is already running a Trump campaign ad that was rejected by CNN and NBC.
October 16th, 2019 - 11:30 GMT

Opinion: What Will Facebook’s Role Be in 2020 Election?

OPEC+, have pledged to cut production by 1.2 million barrels per day (bpd) until March 2020
October 16th, 2019 - 11:00 GMT

OPEC, Allies to Maintain Oil Market Stability Beyond 2020

The pair struck six agreements.
October 16th, 2019 - 10:30 GMT

UAE, Russia Sign Deals Worth $1.3 Billion

34,000 expatriate workers left Oman’s private sector in 2018
October 16th, 2019 - 09:00 GMT

Oman to Track Expats’ Remittance

The country's budget revenues rose 19.5% to hit $116.1 billion year-on-year in Jan.-Sept.
October 16th, 2019 - 08:30 GMT

Turkey’s Budget Posts $15.3 Billion Deficit Within 9 Months

The IMF expects a slight rebound in 2020 but warns of threats ranging from heightened political tensions in the Middle East
October 16th, 2019 - 08:00 GMT

IMF Projects Jordan’s Economy to Grow by 2.2 Percent

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