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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 economic acceleration in the first quarter follows the weakest expansion in nearly a decade in Q4 2018
May 8th, 2019 - 08:05 GMT

Report: Qatar's GDP to Grow 2.6 Percent in 2019

The UAE stressed that the real dispute with Qatar concerned the latter's repeated violation of regional and international treaties and its support for terrorist organisations.
May 8th, 2019 - 07:51 GMT

Qatar Prevents Its Citizens From Applying for UAE Entry Permits

Iran’s revenues from nano exports stood at $62 million
May 8th, 2019 - 07:27 GMT

Iran to Add 250 New Nano Products to the Market

More than 80 per cent of the UAE expatriates still live in rented homes
May 8th, 2019 - 06:14 GMT

Developers Offer Various Incentives to Attract Property Investors to Dubai

Lebanon's economy is struggling with soaring debt, rising unemployment and slow growth. 
May 8th, 2019 - 05:59 GMT

Lebanon Central Bank Employees Suspend Strike

American benchmark West Texas Intermediate was at $62.41 a barrel at the same time, marking a 0.16% gain after ending the previous session at $62.31 per barrel.
May 7th, 2019 - 01:00 GMT

Oil Prices Increase Amid China Setting for Trade Talks With US

South Sudan has one of the largest reserves of crude in sub-Saharan Africa
May 7th, 2019 - 10:30 GMT

South Sudan, South Africa Sign 6-Year Agreement for Oil Exploration

Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.
May 7th, 2019 - 10:23 GMT

Egypt’s Foreign Reserves Hit $44.22 Billion by End of April

58 per cent of home insurance claims came from damage or loss of personal belongings, with 70 per cent of them made on damages, and 30 per cent on loss of personal belongings.
May 7th, 2019 - 09:55 GMT

Only 1 out of 10 Residents in UAE Go For Home Insurance

Expenditures through point of sale machines in the country increased to KD 2.63 billion
May 7th, 2019 - 09:42 GMT

Total Expenses of Kuwaitis, Expats up by 4 Percent in Q1 2019

730,739 people passed the airport in April last year.
May 7th, 2019 - 09:31 GMT

Beirut Airport Hosts Over 800,000 Travellers in April

The completion of the transaction is subject to regulatory approvals, including the final approval of the Central Bank of Egypt and the Central Bank of Lebanon.
May 7th, 2019 - 08:38 GMT

Bank Audi Egypt to Expand Its Network by Acquiring Local National Bank of Greece

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