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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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73 per cent of the $100 billion poured into fintech investments over 2012-2017
May 15th, 2019 - 10:07 GMT

The Importance of Digitization in the Banking Sector

The loan is linked to a matrix of prior actions.
May 15th, 2019 - 09:40 GMT

Japan Starts Disbursement of $300 Million Loan to Jordan

A total of 2,805 houses will be covered during the first phase of the project
May 15th, 2019 - 09:31 GMT

Jordan Assesses Energy Saving Project Tenders for Vulnerable Families

Tariffs on the device's Chinese-made batteries and other components would increase its manufacturing cost by 2 per cent to 3 per cent.
May 15th, 2019 - 09:02 GMT

US-China Trade War to Affect iPhones' Prices

Iran committed itself to exporting gas to the Iraqi capital Baghdad and the southern Iraqi city of Basra.
May 15th, 2019 - 08:11 GMT

Iran to Increase Gas Export to Iraq, Extend Gas Deal With Turkey

The government bonds will be settled on Wednesday and mature on April 21, 2021.
May 15th, 2019 - 08:02 GMT

Turkish Treasury Borrows Over $1 Billion Through Auctions

The deal was signed on the sidelines of the seventh session of the high Kuwaiti-Iraqi committee.
May 15th, 2019 - 07:53 GMT

Kuwait, Iraq Ink Deal to Prevent Double Taxation

State departments seem to be continuing the replacement policy in various fields, hiring more Kuwaiti advisors specialized in IT systems to replace expats.
May 15th, 2019 - 07:40 GMT

Kuwait Forces Companies to Hire National Auditors in an Attempt to Create Nearly 16,000 Jobs

Various Islamic rulings have been issued on the matter.
May 15th, 2019 - 07:23 GMT

What's the Future of Islamic Currency Trade?

Oil prices rose after the attacks. Brent crude futures were at $70.79 a barrel at 1035 GMT.
May 15th, 2019 - 07:16 GMT

Terrorists Attack 2 Oil Stations in Saudi Arabia

It is different from the existing iqama system, because residents would not require a Saudi sponsor or employe.
May 15th, 2019 - 07:04 GMT

No More 'Kafeel' for Expats in Saudi Arabia

Real estate stocks should have a relief rally as a lot of negativity is already priced into the stocks.
May 15th, 2019 - 06:18 GMT

Dubai Equities Recover Strongly After Persistent Decline Over the Previous Period

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