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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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The Saudi Arabian IPO market has seen limited activity in the last few years, however in H1, the country experienced IPOs worth $752 million spread across three offerings, its highest value since 2015.
September 10th, 2019 - 10:40 GMT

Saudi Arabia M&A Soars to $72.6 Billion in H1 2019

Ma, one of China's wealthiest and best-known entrepreneurs, gave up his post on his 55th birthday as part of a succession announced a year ago.
September 10th, 2019 - 10:05 GMT

Alibaba's Chairman Steps Down as Industry Faces Uncertainty

US government agencies have already been banned from buying equipment from Huawei.
September 10th, 2019 - 09:43 GMT

Chinese Professor Sued in US for ‘Aiding Huawei’

The US Silicon Valley major not only fears losing a key client, as Huawei buys Microsoft software for its laptops, but also to lose its grip on the global technology market if the US proceeds with restrictions.
September 10th, 2019 - 09:43 GMT

Microsoft: Trump’s 'Unfair' Treatment of Huawei May Harm US Companies

As much as $16 billion have been allocated to meet the demands for basic necessities over the past six months.
September 10th, 2019 - 09:32 GMT

Iran’s Foreign Currencies Market Is Stable Despite US Pressures

In 2018 Turkish-U.S. trade was around $20.6 billion.
September 10th, 2019 - 09:25 GMT

Turkey, US Bilateral Trade Volume to Reach $100 Billion

The first half of this year witnessed a 10.6 decline in exports to neighbouring Iraq, valued at JD21.6 million.
September 10th, 2019 - 08:32 GMT

Jordan's Exports to Iraq Plummet by Almost 11 Percent Despite Recent Agreements

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman speaks during the opening ceremony of the 24th World Energy Congress (WEC) in the UAE capital Abu Dhabi on September 9, 2019. In his first comments since being appointed by his father King Salman, the minister signalled no major change in approach in Saudi Arabia, the de facto leader of OPEC which pumps about a third of the cartel's oil.
September 10th, 2019 - 07:18 GMT

Saudi Arabia Plans to Enrich Uranium for Nuclear Power

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman speaks during the opening ceremony of the 24th World Energy Congress (WEC) in the UAE capital Abu Dhabi on September 9, 2019. In his first comments since being appointed by his father King Salman, the minister signalled no major change in approach in Saudi Arabia, the de facto leader of OPEC which pumps about a third of the cartel's oil.
September 10th, 2019 - 06:44 GMT

New Saudi Energy Minister to Continue a Similar Policy to That of Al-Falih

Changes to income tax would be procedural, and no changes would be made to overall tax policy or tax rates.
September 10th, 2019 - 06:28 GMT

Egypt to Simplify Tax Procedures to Boost FDI

Prices climbed for a fourth day running on Monday
September 9th, 2019 - 01:30 GMT

Oil Prices Rise as Saudi Arabia Assigns New Energy Minister

China’s GDP growth was 6.2 percent on-year in the second quarter, the lowest rate in nearly three decades.
September 9th, 2019 - 01:00 GMT

China’s Exports Slip in August as US Trade War Rumbles

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