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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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Inflation will drop to about 5% next year from a high of 7.8% last year.
October 1st, 2019 - 06:00 GMT

Tunisia’s Budget to Hit $16.4 Billion in 2020

Central bank was securing the foreign currency needs of the private and public sectors
September 30th, 2019 - 12:30 GMT

Lebanon: New Circular is set to Reduce Pressure on Dollar Demand

The historic metropolis of Istanbul followed with 32.2% or over 9.98 million foreign visitors in the same period
September 30th, 2019 - 12:00 GMT

Turkey Attracts Over 31 Million Visitors in 8 Months

Many Thai products, companies and activities will come to Oman as part of this exhibition
September 30th, 2019 - 11:30 GMT

Trade Between Thailand and Oman Reached $800 Million in 2018

The exports-to-imports coverage ratio stood at 83.4% during the month
September 30th, 2019 - 11:00 GMT

Turkey’s Foreign Trade Balance Posts $2.5 Billion Deficit in August

Considering India’s growth potential, the kingdom is eyeing long-term partnerships with New Delhi in key sectors such as oil, gas and mining
September 30th, 2019 - 10:00 GMT

Saudi Arabia to Invest $100 Billion in India’s Petchem Sector

The two countries can benefit this advantage and plan widespread economic and export activity.
September 30th, 2019 - 09:30 GMT

Iran, Afghanistan Aim to Invest in Construction Industry

The emirate has been particularly successful in attracting advanced technology and specialised talent.
September 30th, 2019 - 09:00 GMT

Dubai FDI Register 135 Percent Increase in H1 2019

US has exempted Chabahar Port from sanctions
September 30th, 2019 - 08:30 GMT

Iran Export of Products From Chabahar Port Hit 100 Percent Growth

The beneficiary families are among 7,000 households the ministry plans to include in the project by 2020
September 30th, 2019 - 08:00 GMT

Jordan to Install 1st Phase of Solar Project to Power 2,213 Homes

The market mix was dominated by the leisure segment, which accounted for 48.4% of total roomnights sold
September 30th, 2019 - 07:30 GMT

MENA Hotels Continue to Lose Profit

If the support is linked to the consideration towards sale of automobiles, it may be subject to VAT.
September 30th, 2019 - 07:00 GMT

How Automobile Dealers Can Manage VAT Compliance in UAE

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