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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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Personal wealth in the UAE is projected to continue to grow at 8 per cent compound annual growth rate.
June 2nd, 2019 - 06:30 GMT

This Is Why the Rich Choose UAE for Retaining Large Portions of Their Wealth

Washington and Beijing resumed their trade battle last month when trade talks in the US ended without a deal.
June 1st, 2019 - 06:00 GMT

China Fires Back by Raising Tariffs on US Goods

The new entity, Abu Dhabi Development Holding Company (ADDHC) was set up last year.
June 1st, 2019 - 02:00 GMT

Abu Dhabi Moves 7 State-Owned Companies to New Entity

Uber shares were up 3% to $41 in after-market trades that followed release of the earnings figures.
June 1st, 2019 - 12:00 GMT

Uber Reports $1 Billion Loss in Q1 Despite Rising Revenue, Monthly Users

The countries will seek to reach a final agreement in 2020.
June 1st, 2019 - 09:00 GMT

G20 Countries Mull New Tax Policy for Tech Giants

The UAE, along with Saudi Arabia, was the first in the GCC region to impose a 5 per cent VAT on good and services.
May 31st, 2019 - 06:54 GMT

5 Percent Increase in UAE Government Revenue Since VAT Implementation

The balance sheet of the GCC banking sector strengthened further in the first quarter as total assets continued to remain at one of the highest recorded levels
May 31st, 2019 - 06:00 GMT

UAE to Boast the Biggest Share of GCC Bank Assets at $682 Billion

Omanisation rates for MOH nurses have climbed steadily since 1990
May 30th, 2019 - 11:31 GMT

Oman to Replace Expats with Nationals in 9 Occupations in the Health Sector

International donors had pledged $11 billion in loans and grants at the conference.
May 30th, 2019 - 11:30 GMT

After Getting the Government's Approval, Lebanon Budget Dispute Transferred to Parliament

The employee population in all Abu Dhabi-based banks stood at 11,871, with the average compensation per employee rising 5.7 percent to Dh43,411.
May 30th, 2019 - 11:00 GMT

Abu Dhabi Banks’ Interest Earnings Hit $2.1 Billion in Q1 2019

The volume of joint investments has yet to realise its potential
May 30th, 2019 - 11:00 GMT

Jordan Keen on Developing Economic Ties with Turkey

A significant majority (78 per cent) across the region are struggling to harness technological advancements and a lack of digitization is evident.
May 30th, 2019 - 10:52 GMT

73 Percent of Firms in the Middle East Aware of Financial Crimes

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