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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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US still has tariffs of 25% on $250 billion of Chinese goods.
July 4th, 2019 - 10:09 GMT

China: For a Trade Deal to Happen, Existing US Tariffs Must Be Removed

IMF Board approved a $6 billion Extended Fund Facility (EFF) for Pakistan to support economic reform program.
July 4th, 2019 - 09:30 GMT

IMF Approves 3-Year $6 Billion Loan for Pakistan

Areas of foreign ownership also include transport and storage, which allows investors to own projects in the field of e-commerce transport, supply chain, logistics, and cold storage for pharmaceutical products.
July 4th, 2019 - 09:00 GMT

UAE Adopts 122 Economic Activity of 100% Foreign Ownership

A higher number of visitors were also recorded at Wadi Rum, Madaba’s Mosaic Map and Mount Nebo, with spikes of 56.6 per cent, 56.7 per cent and 42.7 per cent, respectively. 
July 4th, 2019 - 08:30 GMT

Jordan Tourists Number Rise 26.5 Percent in June

The Kingdom expressed commitment to give Egyptian students the same treatment at Jordanian schools as their Jordanian peers in terms of tuition fees.
July 4th, 2019 - 08:00 GMT

Jordan, Egypt Sign Eight Cooperation Accords to Boost Economic Cooperation

The latest survey data saw an acceleration in new business growth at businesses in Saudi Arabia’s non-oil private sector.
July 4th, 2019 - 07:35 GMT

Saudi Arabia’s Non-Oil Sector Sees Fastest Growing in 19 Months

Initial production from the field would progressively increase to 40,000 bpd by the end of 2019
July 4th, 2019 - 06:30 GMT

Potential Resources for Crude Oil Discovered in 3 New Fields in Abu Dhabi

Even though the waiver will come into effect on July 15, some agents abroad are telling customers the news is "fake" and they'll still have to pay the visa costs for children.
July 4th, 2019 - 06:30 GMT

Travel Agents Deceiving UAE Tourists Into Paying Visa Fees Despite Waiver

Iranian contractors have been awarded more than $4 billion worth of projects in construction and industry sectors in Iraq
July 3rd, 2019 - 01:00 GMT

Iran’s Exports to Iraq Rise by 37 Percent

The establishment of the alliance will open a new chapter for 5G development and accelerate the commercial deployment of 5G and industry applications.
July 3rd, 2019 - 12:30 GMT

Huawei, Partners Establish Industry Alliance for 5G Networking

The permanent residency card also offers many benefits to businessmen and investors.
July 3rd, 2019 - 11:00 GMT

Expats Eligible for Permanent Residency in Qatar by Purchasing $200,000 Real Estate Property

These laws reflect the government’s desire for the private sector to play a role in Oman’s development and creating greater job opportunities for the national workforce.
July 3rd, 2019 - 10:30 GMT

New Investment Laws to Empower Oman's Private Sector

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