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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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Bitcoin has proven that there is a growing appetite for a financial system devoid of middlemen and monolithic institutions.
June 25th, 2019 - 11:30 GMT

Why Facebook's Cryptocurrency Will Be a Game Changer

The growth of banking assets has also slowed down in almost all core Islamic finance markets.
June 25th, 2019 - 10:54 GMT

S&P: Islamic Finance Industry to Continue Growing Due to Volatility in Oil Prices, Geopolitical Risk

Since 2003, the French agency has been supporting the Kingdom to improve the social and economic conditions in light of the international and regional challenges
June 25th, 2019 - 10:00 GMT

Jordan to Receive 95 Million Euro Soft Loan from French Agency for Development

Jordan is a valued and trusted partner and the EU is determined to support the Kingdom at this critical time
June 25th, 2019 - 09:30 GMT

EU Grants Jordan 20 Million Euro to Help Position Private-Sector Innovation

The new budget sees a debt-to-GDP ratio of 89% by the end of June 2020
June 25th, 2019 - 09:00 GMT

Egypt Approves Budget Targeting 7.2 Percent Deficit, 6 Percent GDP Growth

Lebanon’s public debt burden, equivalent to about 150% of GDP, is one of the heaviest in the world.
June 25th, 2019 - 08:30 GMT

IMF: Lebanon Should Approve State Budget ASAP

The plant will come online by 2025 and increase Qatar's polyethylene output capacity by 82 percent.
June 25th, 2019 - 08:00 GMT

Qatar Helps Pakistan With $3 Billion Bailout Package

The improved growth will be driven by spending related to Expo 2020
June 25th, 2019 - 07:04 GMT

Dubai’s Economic Growth to Hit 3.7 Percent in 2020

The United States Fashion Industry Association (USFIA) also thinks that there no other viable alternative to Chinese suppliers for now.
June 25th, 2019 - 07:00 GMT

New Levies on Chinese Imports to Cost Americans $18 Billion a Year

ACWA Power and Silk Road Fund’s further collaboration is a mirror image of the robust and strategic ties between Saudi Arabia and China that is strengthened year after year.
June 25th, 2019 - 06:30 GMT

Silk Road Fund Acquires 49 Percent Stake in Saudi Arabia’s ACWA Power

Carrefour Group will retain a 20% stake in the business and two seats out of seven on Carrefour China’s Supervisory Board.
June 24th, 2019 - 01:00 GMT

Carrefour to Sell 80 Percent Stake in China to Suning.com

It said the average salary of expatriates working in both sectors was SR3,872 — SR3,980 for men and SR2,900 for women.
June 24th, 2019 - 12:00 GMT

Private Sector Companies in Saudi Arabia Pay 59% Less for Same Job in Public Sector

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