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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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The Iraqi bank had also, earlier, put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira.
July 9th, 2019 - 06:18 GMT

Trade Bank of Iraq Expands in GCC, China to Lift Revenues to 30 Percent

In contrast, construction posted its best overall performance since last November (57.0).
July 9th, 2019 - 06:00 GMT

Construction Industry Best Performer Among Dubai's Non-Oil Economic Activities

Boeing 737 Max.
July 8th, 2019 - 11:55 GMT

Saudi Airline Cancels £4.7 Billion Order for Boeing 737 Max Jets

British Airways has 28 days to appeal. 
July 8th, 2019 - 10:16 GMT

British Airways Faces $229 Million Fine Over Customer Data Breach

Palestinian and Jordanian finance ministers discussing cooperation in the Jordanian capital, Amman.
July 8th, 2019 - 10:04 GMT

Jordan, Palestine to Link Customs Electronically on Their Joint Crossings

Zaatari Refugee Camp - Jordan.
July 8th, 2019 - 10:03 GMT

138,000 Syrian Refugees Obtain Work Permits in Jordan

Strive Masiyiwa.
July 8th, 2019 - 09:18 GMT

Company Controlled by ‘Zimbabwe’s Richest Man’ Faces Bankruptcy

It was found that the expatriate in question had contravened the regulations which forbid non-Saudis occupying such posts.
July 8th, 2019 - 08:30 GMT

30 Saudis Rehired After They Were Wrongly Dismissed by an Expat

The lender announced the job losses on Sunday as part of a restructuring plan that will ultimately cost $8.31 billion.
July 8th, 2019 - 08:29 GMT

Deutsche Bank Starts 18,000 Global Job Cuts by Eliminating Teams in Asia-Pacific

Saeed Mohammed Al Tayer with a high-level delegation from the Brunei Ministry of Energy, Manpower, and Industry, MEMI.
July 8th, 2019 - 08:14 GMT

Dubai Explores Cooperation Opportunities With Brunei

In terms of geographic locations where sales activity was the most dynamic, Al Reem Island topped the list with transactions worth more than Dh4.371 billion.
July 8th, 2019 - 07:30 GMT

Abu Dhabi's H1 Real Estate Transactions Generate $8.4 Billion

Kuwait Airport.
July 8th, 2019 - 07:00 GMT

Kuwait Testing Facial Recognition Technology in Its Airport

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