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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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Dubai retained its number one ranking, further solidifying its position as one of the world's leading Mice destinations.
July 22nd, 2019 - 11:00 GMT

Dubai Most Preferred Destination for MICE in MEA

The continuous aid approach proves that Kuwait is well deserved for the "Humanities Center" title and "Humanitarian Leader"
July 22nd, 2019 - 10:30 GMT

Kuwait Among Top Five Donor Countries for UNHCR

Against the UAE dirham, the rupee was trading at 18.79 at 9:30am (UAE time), according to XE.com.
July 22nd, 2019 - 10:00 GMT

Indian Rupee Falls Again, Reach 69.06 Against US Dollar

The U.S. dollar/Turkish lira exchange rate was 5.6780 as of 9.30 a.m. local time (0630GMT) on Monday, up from 5.6440 on Friday.
July 22nd, 2019 - 09:31 GMT

Turkey's Stock Index Slips by 0.04 Percent

In Bahrain, openness of the economy and the quality of institutions have led to the Kingdom’s ranking in the top 60
July 22nd, 2019 - 09:30 GMT

Report: Bahrain Among Top 60 for Economic Openness

The outlook for total business activity strengthened in June as the Future Output Index rose to 80.0.
July 22nd, 2019 - 09:07 GMT

Growth Outlook for Business Activity in Qatar Strengthening Despite Blockade

The bank has played an active role in supporting Saudi Arabia’s small and medium enterprise (SME) sector
July 22nd, 2019 - 09:00 GMT

Dubai's Largest Bank to Expand in Saudi Arabia

Running large deficits has done little to strengthen employment prospects for the local population.
July 22nd, 2019 - 08:30 GMT

MEA Economies to Face the Slowest Growth in a Decade in 2019

Central Bank of Iran will carry out its duties and responsibilities
July 22nd, 2019 - 07:30 GMT

Central Bank of Iran Put the Trade Surplus at $12 Billion

The project focuses on creating short-term job opportunities through employment projects applied to safeguard cultural heritage in the northern districts of Jordan and Iraq
July 22nd, 2019 - 06:30 GMT

EU, UNESCO Announce Project to Boost Employment in Northern Jordan

Global demand growth of 0.93 million barrels a day year-on-year in 2019 and 1 million barrels a day during 2020
July 22nd, 2019 - 05:12 GMT

Oil Demand to Remain Subdued Due to Trade War Concerns

By the end of 2018, the total number of hotel establishments had reached 412 with 22,182 rooms.
July 21st, 2019 - 12:00 GMT

Oman Tourist Numbers Increase 48 Percent in 2019

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