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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 Gulf is a major buyer of US arms – Congress has approved $120 billion of sales since 2009 to Saudi Arabia alone.
May 5th, 2019 - 04:56 GMT

US Approves $6 Billion in Weapons Sales to Bahrain, UAE

Bonds-held-to-maturity came second and valued Dh89.7 billion by the end of Q1
May 5th, 2019 - 04:43 GMT

UAE Banks' Investment up by 10.5 Percent to Dh367.8 Billion

The US will also revoke two waivers that allowed Iran to ship its excess heavy water for storage and swap its enriched uranium for natural uranium
May 4th, 2019 - 07:50 GMT

While Tightening His Grip on Oil, Trump Extends Nuclear Waivers for Iran

Companies will have to fundamentally rethink their cost structure and find ways to keep prices low and extract enough value from their current business to finance new initiatives
May 3rd, 2019 - 10:01 GMT

Report: 5 Main Shifts in Consumer Behavior in the Middle East

Egypt targets to gradually raise economic growth rate to 8 percent
May 3rd, 2019 - 09:29 GMT

Egypt Aims to Provide 900,000 Jobs Annually

World Bank President David Malpass and Egypt's Minister of Investment and International Cooperation Sahar Nasr
May 3rd, 2019 - 09:00 GMT

Egyptian SMEs Receive World Bank $200 Million Support Fund

Bahrain’s Foreign Minister, Sheikh Khalid bin Ahmed Al Khalifa
May 3rd, 2019 - 09:52 GMT

Bahrain Will Not Allow Iran to Close the Strait of Hormuz

The Middle East region saw a recovery in jewellery demand
May 3rd, 2019 - 09:45 GMT

Global Gold Demand Soars 7 Percent Due to Investors, Central Banks Support

73 per cent users in the 18-34 year-old demographic felt an emotional connection with Facebook.
May 3rd, 2019 - 09:25 GMT

These Are the Most Popular Apps in UAE

Cryptos are making its baby steps into the common man’s world.
May 2nd, 2019 - 09:00 GMT

Bahrain: A Crypto-Friendly Land of Opportunities

Apple recorded the strongest iPad growth in six years.
May 2nd, 2019 - 08:48 GMT

Apple Posts 5 Percent Decline in Revenue in Q1 2019

Saudi coast guard rescued an Iranian oil ship near Jeddah Islamic Port in the Red Sea
May 2nd, 2019 - 11:44 GMT

Saudi Arabia Rescues Iranian Oil Ship

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