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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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Lebanese Prime Minister Saad Hariri delivers a speech at an iftar on Saturday.
May 26th, 2019 - 11:00 GMT

Hariri: New Budget to Save Lebanon's Economy

The ABCC reveals that a large bulk of the exports went to the UAE, posting around $239.15 million, or around 282.7 thousand tonnes.
May 26th, 2019 - 10:30 GMT

Brazil Exports to Arab Region Soars to $980 Million in April

Bahrain already faces interest payments of BD640m this year and BD697m next year on outstanding debt.
May 26th, 2019 - 09:30 GMT

Bahrain Expects to Cut Deficit by 2020

Despite repeated attempts, officials at Jet Airways and Emirates refused to comment and details were awaited.
May 26th, 2019 - 09:00 GMT

Jet Airways Founder Barred from Leaving India

This combination of file pictures created on May 19, 2019 shows the logo of the US multinational technology company Google and the logo of Chinese electronics firm Huawei. (AFP photo)
May 26th, 2019 - 08:30 GMT

China Aims for Revenge by Introducing Cybersecurity Laws to Ban US Tech Firms

The prices hit a 2019 high of $75 a barrel in April, which saw prices going up 6.3 per cent compared to March 2019.
May 26th, 2019 - 08:00 GMT

US-China Trade Talks to Determine Oil Prices

Lebanon can no longer import pharmaceuticals from Iran after the US sanctions on Iran.
May 26th, 2019 - 07:30 GMT

Lebanon to Resort to Europe for Pharmaceuticals After US Sanctions on Iran

Positive financial results announced by banks and telecoms come at a time when the Kingdom announced taking its first step into the world’s main equity benchmarks.
May 26th, 2019 - 05:33 GMT

Saudi Stock Market Index Trading at Highest in Nearly Four Years

Ghassan Salame, UN special envoy for Libya and head of the UN Support Mission in Libya (UNSMIL) speaks during a press conference in the Libyan capital Tripoli.
May 25th, 2019 - 01:00 GMT

UN Envoy: Libya Is Committing Suicide by Wasting Its Oil Wealth

Britain's Prime Minister Theresa May reacts as she announces her resignation outside 10 Downing street in central London on May 24, 2019. Beleaguered British Prime Minister Theresa May announced on Friday that she will resign on June 7, 2019 following a Conservative Party mutiny over her remaining in power.
May 25th, 2019 - 10:53 GMT

What Investors in UK Should Do After 'Trexit'

The Facebook cryptocurrency would need to overcome numerous technical and regulatory hurdles before it can be launched.
May 25th, 2019 - 10:35 GMT

Facebook to Launch Its Cryptocurrency in 2020

WhatsApp's "Status" feature allows users to share text, photos, videos and animated GIFs that disappear after 24 hours.
May 25th, 2019 - 10:24 GMT

WhatsApp to Introduce 'Status Ads' in 2020

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