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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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Once completed, the city will contribute the annual income of up to SR22 billion to GDP.
October 14th, 2019 - 10:30 GMT

Aramco Aims to Reach 90 Percent Saudization by 2020

Russia has attempted to reduce its exposure to the US through a “de-dollarization” policy to offset the impact of US sanctions.
October 14th, 2019 - 10:00 GMT

Russia Is Looking for Ways to Substitute Dollars for Euros, Roubles

The crude oil prices have jumped during September 2019 futures settlement compared with August 2019
October 14th, 2019 - 09:30 GMT

Oman’s Crude Production Exceeds 29 Million Barrels in Sep 2019

Organizations are on board to make structural changes through the usage of advanced and innovative technology.
October 14th, 2019 - 09:00 GMT

10 Technologies to Transform the Middle East Over the Next Decade

it was a tech-dominated list, with Apple (third), Facebook (fourth), Samsung (sixth), Samsung Galaxy (seventh) and WhatsApp (10th) making the list.
October 14th, 2019 - 08:30 GMT

Apple’s iPhone Ranks First in a New Brand-Ranking Study in UAE

There appears to be no light at the end of the tunnel to the unprecedented political chaos in Britain
October 14th, 2019 - 08:00 GMT

No-Deal Brexit Consequences to Impact the Globe

If the fiscal deficit numbers surpass the estimate of 3.3 per cent, then the rupee will depreciate faster next year.
October 14th, 2019 - 07:30 GMT

Will the Indian Rupee Value Shed Again?

The appetite for gold as seen through demand for bullion backed exchange-traded funds remains strong.
October 14th, 2019 - 07:00 GMT

Optimism in Trade Raises Oil, Copper While Gold Suffered a Setback

The grant will also cover a second 3.5 million-euro-supported project
October 14th, 2019 - 06:30 GMT

Germany Supports Jordan’s Water Sector With Additional €1 Million

Trading and clearing platform would act like a bourse
October 14th, 2019 - 06:00 GMT

New Uniform Platform for Gold Trading and Tracking to Launch in UAE

Saudi Arabia built a strategic partnership with the private sector in different fields supporting the labor market.
October 13th, 2019 - 01:00 GMT

Report: Saudi Arabia up 13 Points in Global Labor Market Efficiency

In the sales market, apartment prices remained resilient in the capital with a 1% softening from the previous quarter
October 13th, 2019 - 12:30 GMT

Abu Dhabi Real Estate Industry Close to Bottoming Out

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