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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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Total expenditure stood at SR217 billion ($57 billion), an increase of eight percent compared to the same period last year.
July 2nd, 2019 - 06:00 GMT

Saudi Economy Grows 1.66 Percent in 2019

Facebook has finally started taking action against the fraudsters by removing the Facebook pages, it is learned.
July 1st, 2019 - 12:30 GMT

Facebook Shuts Down on Fraud Pages Targeting Bahrain’s Residents

Visa waiver is psychologically positive and motivates tourist to travel to the country without any problem
July 1st, 2019 - 12:00 GMT

Iran: Visa Waiver for Chinese to Create Travel Incentives

The government’s fuel pricing committee on Sunday decided to lower the prices of gasoline and diesel, citing a fall in international prices of crude oil
July 1st, 2019 - 11:30 GMT

Jordan Cuts Fuel Prices for July

Christine Lagarde.
July 1st, 2019 - 11:13 GMT

Christine Lagarde Could Become the First Female President Heading the ECB

This comes in line with the BTEA’s long-term strategy to develop the local tourism sector and contribute to diversifying the non-oil sectors of the national economy
July 1st, 2019 - 10:00 GMT

Tourism Contributes BD20 Million to Bahrain's Economy in Q1 2019

Gold prices fell more than 1 per cent, their lowest in a week.
July 1st, 2019 - 09:34 GMT

Gold Prices Fall After Hitting Six-Year High

Iran says as long as the trade mechanism does not cover oil exports and banking transactions, it is of no use to the country. 
July 1st, 2019 - 09:30 GMT

Iran, Turkey Use National Currencies for 35 Percent of Their Bilateral Trade in 2018

The ministry had scheduled meetings to rectify the conditions of over 16,000 expats employed by 112 businesses
July 1st, 2019 - 09:00 GMT

Oman Determined to Improve Working Conditions for Over 16,000 Expat Workers

OPEC and its allies led by Russia have been reducing oil output since 2017 to prevent prices from sliding.
July 1st, 2019 - 08:30 GMT

OPEC, Allies to Extend Oil Supply Cuts for 9 Months

The “no-backdoor” agreement on paper seems like a lucrative option and an attempt to convince the government of one of the biggest markets in the world to allow Huawei in.
July 1st, 2019 - 06:53 GMT

Will India Accept Huawei's 'No-Backdoor' Offer?

Representative from Dubai Chamber Azerbaijan's office.
July 1st, 2019 - 06:33 GMT

Dubai,Ukraine Non-Oil Trade Soars to $571 Million in 2018

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