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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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Eligible applicants can recover an unlimited amount of taxes incurred if the said amount is transferred to their card.
July 8th, 2019 - 06:13 GMT

UAE Sets Daily Cash Limit per Tourist for VAT Refunds at $1,905

GCC's relatively young population is also seen as major future contributor in the transformation and diversification of economies.
July 7th, 2019 - 03:34 GMT

Liquid Assets, Low Debt Levels to Keep GCC Resilient to Global Economic Slowdown

3D printed office in Dubai.
July 7th, 2019 - 12:01 GMT

Construction 3D Printing Market Set for Over 16 Percent Growth by 2025

$62 million worth of nano products were exported to these countries last year.
July 7th, 2019 - 11:10 GMT

Iran’s Nano Exports to Hit $1 Billion by 2025

The Central Bank of Iran has just announced a ban on activities around cryptocurrencies while such measure has not still turned into a law.
July 7th, 2019 - 10:56 GMT

Iran's ICT Minister Calls for Regularization of Crypto- Mining

Iran set up and registered a counterpart to INSTEX called Special Trade and Financing Instrument between Iran and Europe (STFI) to pave the way for bilateral trade. 
July 7th, 2019 - 09:02 GMT

INSTEX Halted Due to EU Procrastination in Bank's Introduction to Iran

That is the equivalent of all Japanese exports grinding to a halt for two years.
July 7th, 2019 - 08:40 GMT

US-China Trade War Could Cost the World Nearly $1.5 Trillion in Lost Trade

Saudi Arabia's Energy Minister Khaled al-Falih arrives at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) for meeting on July 01, 2019 in Vienna, Austria.
July 7th, 2019 - 08:28 GMT

Saudi Increased Oil Supply Failed to Offset Iran, Venezuela Losses in June

The sharp outflows of foreign funding sparked by the June 2017 outbreak of the GCC crisis have gradually reversed over 2018.
July 7th, 2019 - 08:08 GMT

Qatari Banks’ Outlook Stable Despite Blockade

The top 10 per cent of workers in the world receive 48.9 per cent of total global pay and the bottom 50 per cent earn just 6.4 per cent.
July 7th, 2019 - 07:44 GMT

Over 35 Percent of Jordan’s Labour Income Goes to 10 Percent of Workers

The sources said 13,000 illegal expatriates, including 11,047 men and 1,953 women, were currently being held in various detention centers in the country.
July 7th, 2019 - 07:16 GMT

Saudi Arabia Deports Over 800,000 Expats Since November 2017

Johnson will drive down the pound even further should he win the leadership contest.
July 7th, 2019 - 06:37 GMT

What Will Happen to the Pound After Brexit? And What's Its Impact on UAE?

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