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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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Annual growth remains restrained at 3.2% compared to 5.8% in June 2018.
July 23rd, 2019 - 11:30 GMT

IATA: Jet Fuel Price Climbs $80 per Barrel, 8% Higher

Effective steps should be taken in the field of launching new businesses and startups
July 23rd, 2019 - 11:00 GMT

Iran: Ministry of Industry Responsible for Issuing Cryptocurrency Production License

The number of people unemployed expectation index also fell by 1.3% to stand at 55.6 month-on-month in July.
July 23rd, 2019 - 10:30 GMT

Turkish Consumer Confidence Index Drops in July

The pacts signed include: an agreement on defense and military cooperation
July 23rd, 2019 - 10:00 GMT

UAE, China Hammered Out Several Agreements to Boost Cooperation

The government's vision is based on each region’s role in economic and social development
July 23rd, 2019 - 09:30 GMT

Morocco to Benefit From Financial Transfers of $1 Billion by 2021

Loans had also shrunk in the five months period to the end of May by almost 5%.
July 23rd, 2019 - 08:30 GMT

Lebanon Bank Deposits to Recover From a Dip in the First Five Months of 2019

The SEC said Microsoft subsidiaries in Saudi Arabia and Thailand offered improper gifts to foreign government officials and employees of non-government companies, through slush funds.
July 23rd, 2019 - 08:00 GMT

Microsoft Agrees to Pay More Than $25 Million to Settle Hungary Bribery Case

Warren's latest plan is the latest of numerous proposals she's unveiled since declaring her candidacy for 2020.
July 23rd, 2019 - 07:34 GMT

Warren Warns Another Financial Crisis Coming Worse Than 2008 Crash

passport control counters serving both Jordanians and non-Jordanians were increased from 18 to 25.
July 23rd, 2019 - 07:00 GMT

Jordan Airport Installs 12 New Counters Dedicated to Visa Processing

UAE is followed by Qatar, Oman, Bahrain, Saudi Arabia and Kuwait.
July 23rd, 2019 - 06:00 GMT

Report: UAE Offers the Best Growth Prospects Among the Arab Countries

The IMF directors welcomed the authorities’ ambitious reforms to develop the non-oil economy.
July 23rd, 2019 - 05:11 GMT

IMF: Saudi Arabia’s Reforms Start to Yield Results and the Outlook Is Positive

British Airways attributed its cancellations to what it called its constant review of security arrangements at all airports
July 22nd, 2019 - 11:30 GMT

British Airways, Lufthansa Suspend Cairo Flights for Unspecified Reasons

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