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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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This combination of pictures created on May 26, 2019 shows the logo of Italian automaker Fiat (L) in Saluzzo, near Turin, and the logo of carmaker Renault in Saint-Herblain, western France.
May 27th, 2019 - 11:00 GMT

Fiat Chrysler Submits Merger Proposal to Renault

Most mergers and acquisitions (M&A) to date have involved banks with common major shareholders.
May 27th, 2019 - 10:30 GMT

Report: GCC’s Cycle of Bank Mergers Comes to an End

OPEC and Russia continue to limit their production in order to support prices.
May 27th, 2019 - 10:05 GMT

Oil Prices Fall Following Largest Weekly Drop of 2019

The Egyptian hotel market continues to improve with the return of key international markets and a growing regional demand from Mena markets.
May 27th, 2019 - 10:05 GMT

Egypt Leads the Region in Hospitality Sector

IMF managing director Christine Lagarde addressing the Astana Economic Forum in Nur-Sultan.
May 27th, 2019 - 09:30 GMT

Astana Economic Forum Discusses Globalisation and Its Current Challenges

Qatar’s imports from China in 2018 reached $2bn, while annual exports to China worth $9bn and is growing.
May 27th, 2019 - 09:00 GMT

China Keen on Enhancing Ties with Qatar in Vital Fields

Per World Bank figures, around $79 billion remittances were sent to India in 2018. India's foreign reserves, meanwhile, fell $2 billion to $418 billion last week.
May 27th, 2019 - 08:20 GMT

Analysts Expect Indian Rupee to Retreat in Late 2019 Despite Modi's Win

Annual tax revenues from fuel derivatives stand at around JD1 billion, close to returns from tobacco product taxation.
May 27th, 2019 - 07:49 GMT

Sales Tax Returns Plummet in Jordan Despite the Hike in Public Revenues

 Fitch Ratings predicts a possibly stronger position for Samsung following the end of supplies and updates to Huawei by Google and SoftBank Group-owned chip designer ARM.
May 27th, 2019 - 07:18 GMT

US-China Trade War: A Curse on Huawei, a Blessing to Samsung

The central bank's first-quarter 2019 survey results suggested an increase in demand appetite for business loans.
May 27th, 2019 - 06:42 GMT

Expats Demand of Personal Loans Declines in UAE

Huawei's shipments may drop by as much as 24 per cent this year.
May 26th, 2019 - 12:00 GMT

After the US Ban, What's Huawei's Fate in UAE?

The dollar remains a key drag with its continued strength against most of the major currencies.
May 26th, 2019 - 11:30 GMT

The Effect of US-China Trade War on the Global Economy

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