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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 banking sector accounted for the largest share of net profits at Dh11.13 billion during the first three months of the year.
May 28th, 2019 - 01:00 GMT

UAE Firms' Profits Exceed $5 Billion in Q1 2019

Homelessness is rising and basic services are in crisis, leaving many struggling to cope. 
May 28th, 2019 - 12:30 GMT

UN Report: 20 Percent of UK's Population Lives in Poverty

A growing business means a wider cross-section of customers, each with their unique needs and customer service expectations.
May 28th, 2019 - 12:00 GMT

How GCC-Based Businesses Can Thrive In These Difficult Times

Most of the GCC economies have ambitious plans to diversify their economies away from oil.
May 28th, 2019 - 11:30 GMT

How the GCC Is Affected by Global Trade Tensions

Le Maire confirmed that if the deal went ahead, France’s stake in Renault would go down to 7.5% from 15% at present.
May 28th, 2019 - 11:00 GMT

Fiat/Renault Deal Arouses France Keenness on Protecting French Jobs

 The e-commerce giant is working with financial advisers on the offering and is aiming to file an application in Hong Kong as early as the second half of 2019
May 28th, 2019 - 10:30 GMT

Alibaba to Raise $20 Billion Through Second Listing in Hong Kong

Currently businesses are looking for short to medium term stability before committing to any expansion plans.
May 28th, 2019 - 09:30 GMT

UAE Property Prices to Continue Softening in 2019

The two officials also looked into implementation mechanisms for the recommendations of the Stockholm meeting
May 28th, 2019 - 09:00 GMT

Jordan, Sweden to Raise Financial Support for UNRWA

Both sides are now digging in for a long fight.
May 28th, 2019 - 08:30 GMT

The US-China Trade War: How Will It End?

Egypt will remain attractive for investors compared to other emerging markets.
May 28th, 2019 - 08:00 GMT

Why Investors Prefer Egypt Among the Emerging Markets

The project will likely meet around 50 percent of Tunisia’s gas needs with a minimum production of 2.7 billion cubic meters.
May 28th, 2019 - 07:30 GMT

6 New Licenses Issued in Tunisia for Oil, Gas Exploration

The budget must still be agreed by parliament
May 28th, 2019 - 06:00 GMT

At Last, Cabinet Approves Lebanon 2019 State Budget with Spending Cuts

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