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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 Lebanese bank sanctioned by the U.S. Treasury Thursday has denied “each and every allegation” related to its alleged funding of Hezbollah.
September 4th, 2019 - 01:00 GMT

US Has No Intention to Sanction More Lebanese Banks

The rupee has lost nearly 1.3 per cent against dirham in the past one week when it was trading at 19.44 on August 27
September 4th, 2019 - 12:30 GMT

Indian Rupee Hits 9-Month Low vs US Dollar

The country’s overall population is at 41.7 million.
September 4th, 2019 - 12:00 GMT

Sudan’s Unemployment Rate Rises to 8 Million Over 7 Years

On Brexit, the diplomat said the UK will remain committed to Bahrain and other Gulf countries.
September 4th, 2019 - 11:30 GMT

Bahrain-UK Bilateral Trade Hits £1.1 Billion

The UAE's economic growth will pick up to 2.6 per cent by 2020 from 1.7 per cent in 2018 in part due to increased economic activity associated with the Expo.
September 4th, 2019 - 11:00 GMT

Dubai's Economy to Grow at 2.5 Percent Annually Over the Next 4 Years

Qatar’s economy is open and welcomes all foreign investments.
September 4th, 2019 - 10:00 GMT

Qatar-China Trade Volume Soars 30 Percent to $13.5 Billion in 2018

Moody’s believes that Saudi Arabia will drive global sukuk issuance in 2019.
September 4th, 2019 - 09:30 GMT

Saudi Economy Relatively Stable Despite Global Challenges

The Middle East experienced a 7.9% fall in billionaire numbers
September 4th, 2019 - 09:00 GMT

Billionaire Population in Middle East Declines by 5.4 Percent

The sanctions designated for the first time against Iran’s civilian space agency was announced by the State and Treasury departments.
September 4th, 2019 - 08:30 GMT

US Imposes New Sanctions on Iran’s Space Program

Aramco plans to tell banks later this week or early next week whether they got a role on the offering, the people said.
September 4th, 2019 - 08:00 GMT

Saudi Aramco to Select Underwriters for Its IPO This Week

The Turkish lira traded at 5.7745 against the US dollar at 1024 GMT, its strongest in a week, up from 5.8170 before the data.
September 4th, 2019 - 07:00 GMT

Turkish Inflation Slips to 15.01 Percent in August

The pound was trading at 650 against the dollar
September 4th, 2019 - 06:30 GMT

Syrian Pound at Record Low Against the Dollar

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