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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 total VAT collection was also close to the UAE's nine-month of surplus, which stood at Dh28 billion during the January-September 2018 period.
June 4th, 2019 - 08:17 GMT

125 Percent Increase in UAE’s VAT Collections in 2018

Tourism statistics for the quarter showed a remarkable increase in the use of the Kingdom’s ports of entry.
June 4th, 2019 - 06:00 GMT

Bahrain to Open 22 Hotels in the Next 4 Years

Dubai, is composed of some of the most innovative luxury holiday homes, 13 theme hotels and the Floating Seahorse villas
June 3rd, 2019 - 01:00 GMT

You Can Now Get Your EU Passport When You Invest in the 'Heart of Europe'

Bahrain has issued a new edict allowing foreign companies to own 100 per cent of oil and gas drilling activities in the kingdom. 
June 3rd, 2019 - 12:30 GMT

Bahrain Grants Full Foreign Ownership in Oil, Gas Drilling

Abu Dhabi's fiscal position is underpinned by significant oil production volumes and impacted by oil price movements
June 3rd, 2019 - 12:00 GMT

Report: Abu Dhabi's GDP to Grow 2.5 Percent over 2019-2022

Turkey's benchmark stock index started the week down 0.28%
June 3rd, 2019 - 11:30 GMT

Turkey Commences the Week with a Slight Decrease in Stock Market

many proposals for softer forms of Brexit have already been made and all failed to achieve a parliamentary majority.
June 3rd, 2019 - 11:00 GMT

Report Reveals the Effects of Brexit's Uncertainty on UK's Economy

The Wall Street Journal cited US security officials as saying that undersea cables built by Huawei could be vulnerable to espionage by the Chinese state.
June 3rd, 2019 - 10:30 GMT

Huawei to Sell Its Undersea Cable Business

The issues lasted for more than an hour before Google claimed to have located the issue and said it had been fixed.
June 3rd, 2019 - 08:30 GMT

Google Cloud Rains Issues on the Entire Internet

Of the funding requirements, $702.9 million was allocated for refugees.
June 3rd, 2019 - 08:00 GMT

Jordan Receives 4.6 Percent from Funding Required for Aid Program

The basic problems of Pakistan are productivity growth and lower tax income.
June 3rd, 2019 - 07:30 GMT

Has the IMF Been Prescribing the Wrong Medicine for Pakistan?

Population growth was flat in 2018 due to a government exercise to clear old and inactive employment visas from population statistics.
June 3rd, 2019 - 07:00 GMT

Report: Bahrain’s GDP Growth to Reach 2.4 Percent Over 3 Years

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