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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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Facebook is unfortunately in the middle of a bad political decision-making process that Congress needs to address.
June 24th, 2019 - 11:30 GMT

The Difficulties Cannabis Related Companies Face on Social Media

The deflationary momentum began in Saudi Arabia and the UAE because the introduction of value-added tax (VAT) in 2018 created a high base for comparison.
June 24th, 2019 - 11:00 GMT

Deflation Continues to Rise in GCC as Consumer Prices Record Steepest Fall

Consumer prices in the GCC overall fell into deflation for the first time since 2000
June 24th, 2019 - 10:30 GMT

Oil Prices Rebound Amid Deflation Fears

The platform will help the FIU prevent money laundering, financing of terrorism and other illicit financial activities.
June 24th, 2019 - 10:00 GMT

UAE Launches First New Anti-Money Laundering Platform in GCC

The inflation rate stood at 9.8 percent in that year according to the Statistical Center of Iran and at nine percent according to the Central Bank of Iran (CBI).
June 24th, 2019 - 09:30 GMT

Inflation Rate Increases 3.4 Percent in Iran Hitting 37.6 Percent

The IMF stressed that reducing the country’s “external imbalances” depends on reaching a “market-determined exchange rate.”
June 24th, 2019 - 09:00 GMT

Tunisia Secures Part of IMF Loan but Debt Worries Rise

Iran exported some $24.06 billion worth of non-oil commodities to 15 neighboring and nearby countries last year ending March 20, 2019.  
June 24th, 2019 - 08:07 GMT

Iran to Export $32 Billion Worth of Goods, Services to 15 Neighbouring Countries

The light sweet crude grades are a shorthand for oil that has less than 0.5 percent sulfur content.
June 24th, 2019 - 07:30 GMT

Tensions in the Arabian Gulf Region Affect the Oil Market

Economic performance forecast to gain momentum on the back of rising general expenditure at the federal and local levels of every emirate
June 24th, 2019 - 07:00 GMT

UAE GDP to Grow by 2 Percent in 2019

With some $30 million in grants, the plan calls for the creation of a modern database to register land ownership.
June 24th, 2019 - 06:10 GMT

US Unveils $50 Billion Investment in Palestinian Infrastructure, Education

Saudi Crown Prince Mohammed bin Salman recently said in an interview that Aramco's IPO plan is on track for 2020-21
June 24th, 2019 - 06:00 GMT

10 Companies to Go Public in GCC With Over $7 Billion Fund Raising in the Offing

Consumers in Oman did not expect some products to be listed as taxable, such as some sports drinks.
June 23rd, 2019 - 01:00 GMT

Oman Warns Companies From Overcharging 'Sinful' Products

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