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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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Many judges now feel that their social security is in real threat
May 19th, 2019 - 07:14 GMT

Judges to Keep the Strike Open in Lebanon

Fitch saw that Qatar should take other procedures to support the liquidity in case of another wave of deposit withdrawals occur.
May 19th, 2019 - 06:29 GMT

Fitch: Banks Face Growing Risks of Asset Quality Deterioration in Qatar

The survey results show that half of the Emiratis of working-age are involved actively in economic activities.
May 19th, 2019 - 06:03 GMT

Dubai Unemployment Rate Lowest In the World

Although the simulators are not built by Boeing, the planemaker does provide the underlying information on which they are designed and built.
May 18th, 2019 - 11:00 GMT

Boeing Claims Correcting Simulator Software of 737 Max Jets

It is important that stakeholders understand that Saudi Arabia offers significant long-term opportunities.
May 18th, 2019 - 10:00 GMT

Saudi Arabia Aims to Attract Innovators, Entrepreneurs with New Residency Permits

The trade war can't bring China down. It will only harden us to grow stronger
May 18th, 2019 - 09:00 GMT

China's Official Paper Evokes Nationalistic Spirit Amid US-China Trade War

The risk of a VAT increase is that it could set this recovery back even before it properly gets started.
May 18th, 2019 - 08:00 GMT

How Will an Increase in VAT Affect the Saudi Economy?

Egypt’s fiscal policies and flexible exchange rate had contributed to economic stabilization and made Egypt more resilient to external shocks.
May 17th, 2019 - 09:00 GMT

IMF To Disburse Final $2 Billion Tranche of Egypt's $12 Billion Loan

Jordanian-Iraqi cooperation in the energy field is not limited to this deal
May 16th, 2019 - 11:40 GMT

First Iraqi Crude Oil Shipments to Arrive to Jordan Next Weekend

IMF confirmed that reforms have started to yield positive results.
May 16th, 2019 - 11:11 GMT

IMF Suggests Raising VAT in Saudi Arabia, UAE

The system is aimed at protecting the country’s banking and financial system
May 16th, 2019 - 10:57 GMT

UAE Develops New System to Protect the Financial Sector

Egypt introduced a Value Added Tax (VAT) regime in 2016, replacing a 10 percent Sales Tax.
May 16th, 2019 - 09:56 GMT

Advertisers on Social Media to Pay 18 Percent Tax in Egypt

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