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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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Over the weekend, the US imposed 10 per cent additional tax on $550 billion Chinese imports and China announced retaliatory tariffs on $75 billion worth of US imports.
August 26th, 2019 - 07:31 GMT

GCC Bourses Witness Massive Sell-Off Due to US-China Trade War Escalation

On June 19, FAB had informed QFCRA that it would relinquish its QFC branch licence and permanently close the branch.
August 26th, 2019 - 07:00 GMT

Qatar Imposes $55 Million Fine on UAE's Largest Bank

Gold rose over 2 per cent to a six-year high of $1,537 on the Comex in New York on Friday.
August 26th, 2019 - 06:43 GMT

Gold May Hit All-Time High Amid Escalation of US-China Trade War

Digitalization and automation of inventory control is making its presence felt in the UAE
August 25th, 2019 - 11:01 GMT

AI-Driven Technologies to Transform Mideast Warehousing, Inventory

South Sudanese soldiers guard an oil refining facility.
August 25th, 2019 - 10:56 GMT

South Sudan Urges Egypt to Optimize Country's Oilfields

About 3.7 million expatriates were in violation of the residency regulation, 572,573 the labor laws and 242,527 the border security system.
August 25th, 2019 - 10:53 GMT

Over 3.7 Million Expats Arrested, Over 900,00 Deported in Saudi Arabia

Inflation for staples, medicine and basic goods declined in August, according to the SCI’s Saturday statement, with 56.6 and 35.2 percent for food and non-food items, respectively.
August 25th, 2019 - 10:52 GMT

Inflation Rate Plummets in Iran Year after US Sanctions

On the back of increased gas production, Oman’s total LNG exports also recorded a massive jump of about 19 per cent to 10.2mn metric tonnes during 2018 compared to 8.6mn metric tonnes in the previous year.
August 25th, 2019 - 10:51 GMT

Natural Gas: A Significant Contributor to Oman’s Economy

The worst performing of the big-four economies within the Euro area is Italy.
August 25th, 2019 - 10:50 GMT

The Side Effects of the Divergent Economic Performance Across Euro Area

Huawei underlined it was no longer able to work with US chip designers such as Cadence Design Systems Inc and Synopsys.
August 25th, 2019 - 10:50 GMT

US Trade Curbs Might Slash Huawei's Smartphone Revenue by $10 Billion

In 2018, the two countries signed a comprehensive mutual visa exemption agreement.
August 25th, 2019 - 09:23 GMT

Qatar-China Trade Volume up 200 Percent in 30 Years

Fitch predicted a deficit of 9.2% of GDP in 2019 and a nominal GDP growth of 3.3%, compared with the government assumption of 5.7%.
August 25th, 2019 - 07:51 GMT

Fitch Downgrades Lebanon for the First Time in 3 Years

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