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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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UAE delegation is in Madrid, Spain, to discuss bilateral relations with senior government officials.
July 14th, 2019 - 08:00 GMT

UAE, Spain Sign MoU to Enhance Cooperation in the Infrastructure Sector

Target to achieve $5 trillion is not far and eminently achievable.
July 14th, 2019 - 07:00 GMT

India to Reach a GDP Target of $5 Trillion Earlier than Expected

PwC also estimates that AI could contribute up to $15.7 trillion to the global economy in 2030, more than the current output of China and India combined.
July 14th, 2019 - 06:30 GMT

AI Systems to Play a Key Role in Security System Transformation in UAE

All construction buildings that were created in the past have a certain life span, after which the structure is unsafe as it can collapse.
July 14th, 2019 - 06:00 GMT

Construction Aggregates Market Set to Hit Nearly $623 Billion in the Next 10 Years

Sources said most of the CDM machines in the country are not equipped to scan Emirates ID.
July 14th, 2019 - 05:30 GMT

Bank Announces Changes in Cash Deposits in UAE

Earlier in June, Moody’s lowered its credit rating for Turkey to B1, bringing it in line with Standard & Poor’s rating of B+
July 14th, 2019 - 01:00 GMT

Fitch Downgrades Turkey’s Credit Rating With a Negative Outlook

Facebook's cryptocurrency Libra “cannot go forward” unless the company takes serious measures to allay concerns.
July 13th, 2019 - 01:00 GMT

Bitcoin Price Down After Fed’s Anti-Libra Comments

Facebook CEO Mark Zuckerberg
July 13th, 2019 - 12:00 GMT

Facebook Faces $5 Billion FTC Fine, the Largest Given to a Technology Company

Non-Opec oil supply is forecast to grow by 2.4 mb/d in 2020, higher than in the current year.
July 13th, 2019 - 10:00 GMT

OPEC: Global Oil Demand in 2020 to Grow by 1.14 Million bpd

They have steadily declined since 2014 as Egypt sought to become a regional energy hub.
July 13th, 2019 - 08:28 GMT

Egypt’s Arrears to Foreign Oil Companies Declined to $900 Million at the End of June

It causes dirty water to evaporate and pass through membrane which cleans in.
July 11th, 2019 - 09:58 GMT

Researchers at Saudi University Invent Device to Solve Energy Shortages and Dirty Water Issues

The 777 Freighter is the world’s largest and most capable twin-engine freighter.
July 11th, 2019 - 09:45 GMT

Qatar Orders Five Boeing 777 Freighters

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