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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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Qatar’s current account balance would account for 6.7 percent of the total GDP in 2019. 
July 3rd, 2019 - 10:00 GMT

Qatar’s Economy to Grow 2.6 Percent in 2019: FocusEconomics

BdL is still negotiating with the Finance Ministry on how to reduce servicing costs on public debt.
July 3rd, 2019 - 09:33 GMT

IMF Does Not Support Lebanon’s $7.3 Billion Proposal to Cut Debt Costs

By the end of the first quarter of 2019, the total balance of non-residents deposits amounted to Dh208.2 billion
July 3rd, 2019 - 09:30 GMT

Report: Non-Resident Deposits in UAE Exceed Loans by $17.5 Billion

Saudi Arabia is interested in encouraging foreign investments and entering the European markets through Euro-bonds.
July 3rd, 2019 - 09:00 GMT

Saudi Arabia Issues Euro-Denominated Bonds for First Time

Samsung Electronics Co Ltd’s smartphone business is expected to benefit from a drop of as much as 40% in global sales of Huawei smartphones.
July 3rd, 2019 - 08:47 GMT

Samsung Electronics' Second-Quarter Profit Projected to Plummet 50 Percent

In East Africa, the Northern and Central transport corridors serve nine countries.
July 3rd, 2019 - 08:30 GMT

Africa's Transport Infrastructure Investment to Soar to $69 Billion by 2020

The Dubai Competitiveness Office works with local and international partners to support sustainable development.
July 3rd, 2019 - 08:00 GMT

Dubai Ranks First Among Its Arab Peers in 'Future-Readiness'

The IPO process was never fully suspended
July 3rd, 2019 - 07:30 GMT

Saudi Aramco IPO Set for 2020-21

The system warns an e-commerce practitioner from making ads containing false information.
July 3rd, 2019 - 07:00 GMT

Saudi Arabia to Issue New E-Commerce System

UAE economy is expected to pick up growth momentum by 2020
July 3rd, 2019 - 06:30 GMT

UAE's Non-Oil Sector Prospers in Q2 as Investor Confidence Grow

More than 26,000 construction projects exceeded Dh9.25 trillion last month.
July 3rd, 2019 - 06:00 GMT

UAE Construction Projects' Value Exceeds Dh3 Trillion in June

Expo 2020 is a World Expo to be hosted by Dubai in the United Arab Emirates, opening on October 20, 2020.
July 2nd, 2019 - 01:30 GMT

Iran to Attend EXPO 2020 Dubai

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