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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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Saudi Aramco's stake in the joint venture has been trimmed to 20%, while Jacobs Engineering remains at 40%.
July 18th, 2019 - 07:28 GMT

Saudi PIF Acquires 40 Percent Stake in Aramco-Jacobs Venture

The decision will increase the economic value of the entertainment sector by 9 percent and the consumer spending to more than $37.5 billion annually.
July 18th, 2019 - 07:11 GMT

Saudi Arabia Allows Businesses to Open Around the Clock

The report underlined that the economic reform program made investments and net exports the main drives for GDP growth instead of consumption.
July 17th, 2019 - 01:00 GMT

World Bank's Stand on Egypt’s Economic Reforms

Unlike usually, Instagram has not yet addressed this outage
July 17th, 2019 - 12:00 GMT

Instagram Users Outrage Due to Another Outage

Only 3.4 percent of the households managed to save part of their income
July 17th, 2019 - 11:30 GMT

Morocco Household Confidence Index Witnesses Another Fall in Q2 2019

The corruption-plagued country's public debt is 150% of the GDP, among the largest in the world.
July 17th, 2019 - 11:00 GMT

Lebanese Parliament Discuss Budget Amid Limited Protests

Some of these projects have been relaunched and other projects, mainly technical and engineering projects, will start activity soon
July 17th, 2019 - 10:30 GMT

Iran to Earn $5 Billion in Revenues From Electricity, Gas Exports to Iraq

TurkStat said turnover in industry surged 20.9% during the same period.
July 17th, 2019 - 10:00 GMT

Turkish Economy’s Total Turnover Rises 14.4 Percent in May

Oman’s expatriate workforce has also fallen, from 1,854,880 people in May 2018 to 1,787,447 this year.
July 17th, 2019 - 09:00 GMT

65,000 Expats Flee Oman in a Year Due to Omanisation

The sector will aim to implement solar power projects with a focus on building local capabilities in line with the Nama Group’s sustainability strategy.
July 17th, 2019 - 08:00 GMT

Oman Issues RfQs for Two Independent Solar Power Projects

The oil tanker is not owned or operated by the UAE and has not sent a distress call.
July 17th, 2019 - 07:30 GMT

US Points Finger at Iran for Seizing Oil Tanker in Strait of Hormuz

This edition includes the option of creating an e-account for investors seeking investment opportunities, which provides several benefits to users
July 17th, 2019 - 07:00 GMT

Egypt Launches Cross-Sector Investment Map

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