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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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Sisi's tweets came after a tense weekend in Egypt in which police mounted a huge show of force in Cairo
October 2nd, 2019 - 06:30 GMT

Egypt Return Nearly 2 Million People to Its Food Subsidy Program

The government will turn to foreign financial institutions of which it is a member to fund strategic development projects
October 2nd, 2019 - 06:00 GMT

Algeria Plans to Seek Foreign Loans, Cut Public Spending by 9.2 Percent

The Saudi finance ministry criticised the downgrade
October 1st, 2019 - 11:30 GMT

Fitch Downgrades Saudi Arabia’s Credit Rating

Exports of gasoline and other oil products started in late August
October 1st, 2019 - 11:00 GMT

Iran Plans to Generate $1.5 Billion Monthly Revenues Out of Gasoline Exports

Aramco is planning to select about 15 bookrunners in total
October 1st, 2019 - 10:00 GMT

Saudi Aramco to Pay Base Dividend of $75 Billion in 2020

The US postponed a further tariff hike on Chinese goods, and China lifted punitive duties on soybeans. 
October 1st, 2019 - 09:30 GMT

China Is Sending Its Top Negotiator to US for Trade Talks

Bahrain introduced dedicated venues to resolve commercial disputes with electronic service of process
October 1st, 2019 - 09:00 GMT

Bahrain Among Top 20 Most Improved Global Economies

The Treasury will borrow 38.9 billion Turkish liras ($6.88 billion) from domestic markets in the next three months.
October 1st, 2019 - 08:30 GMT

Turkish Treasury to Repay Debt Worth $10.23 Billion

A total of 100,000 bookings made by direct debit would be refunded within the next 14 days.
October 1st, 2019 - 08:00 GMT

Thomas Cook Owes Egypt Operator $7.7 Million

Salaries, wages and related benefits accounted for 57.4 percent of the total in the covered period
October 1st, 2019 - 07:30 GMT

Payments to Public-Sector Employees in Lebanon Exceed $3 Billion in First Half

Banks are considering strategies to hang on to the loans long enough to extract some profit.
October 1st, 2019 - 07:00 GMT

Will Ankara’s Most Aggressive Decision Save the Banking Sector?

Around 150,000 people were affected by the flight cancellations.
October 1st, 2019 - 06:30 GMT

Thomas Cook Subsidiaries in Belgium, Netherlands Announce Bankruptcy

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