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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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The sector's short-term loans -- debt that must be paid in the next 12 months -- decreased by $3.6 billion to $11.8 billion during the same period.
June 20th, 2019 - 09:30 GMT

Turkey's Private Sector External Debt Decreases in April

$30 billion loss is not a big deal for Huawei.
June 20th, 2019 - 09:00 GMT

Huawei's Revenue to Drop $30 Billion This Year Due to US Sanctions

The selective tax on tobacco, its derivatives, energy drinks, alcoholic beverages and pork was 100 per cent applied
June 20th, 2019 - 08:30 GMT

Oman Slashes Tax on Alcohol

The Kingdom values UN Women’s contributions to supporting women’s political rights, empowering them economically and supporting the development of government bodies
June 20th, 2019 - 08:00 GMT

Saudi Arabia Reaffirms Support for Empowerment of Women at UN Meeting

GDP grew from an estimated JD6 billion in 2000 to JD29.98 billion in 2018.
June 20th, 2019 - 07:30 GMT

Jordan Government Seeks Controlling the JD1 Billion Exemptions of 2018

Japan is the Kingdom’s second-biggest source of foreign capital and its third-largest commercial partner.
June 20th, 2019 - 07:00 GMT

Saudi Arabia, Japan Ink New Agreements at Saudi-Japan Vision 2030 Business Forum

The report notes that most countries across the region have seen banking mergers or talks to merge in 2018.
June 20th, 2019 - 06:30 GMT

11.3 Percent Growth in Saudi Banking Sector in 2018

There are seven intentional airports welcoming over 100 million passengers annually in the UAE.
June 20th, 2019 - 05:27 GMT

Aviation Sector Contribution to UAE’s GDP to Surge to $88 Billion by 2030

Some countries, such as Italy and Turkey, have expanded their pavilions, while Egypt and China marked their first official participation in the event.
June 19th, 2019 - 11:22 GMT

Number of Companies Participating in Project Lebanon Drops to 250 This Year

The families are part of the 7,000 households the ministry plans to include in the project by 2020.
June 19th, 2019 - 11:17 GMT

12,000 Families in Jordan to Benefit From Solar Project This Year

The two sides held their 15th meeting of the joint commission for economic and trade cooperation in Isfahan Tuesday.
June 19th, 2019 - 11:08 GMT

Iran, Russia Ink 12 Agreements to Thwart US Sanctions

The bank says the UK government also lobbied other international authorities to impose financial restrictions, leading to “copycat” sanctions being introduced by the United Nations, the European Union and others.
June 19th, 2019 - 10:53 GMT

After a Decade of Negotiations, UK Settles $1.6 Billion Damages Claim by Iranian Bank

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