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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 2018 cash distributions grew 21.8 percent from Dh33 billion in 2017.
April 22nd, 2019 - 09:30 GMT

Report: UAE Firms Pay Over $10 Billion in Dividends for 2018

ABN 19 Years Anniversary
April 22nd, 2019 - 09:08 GMT

Al Bawaba News Relaunches Web Platform on Nineteenth Anniversary

Renewable energy projects currently provide a total of 1,100 megawatts of electricity.
April 22nd, 2019 - 09:00 GMT

Jordan's Investment in Renewable Energy to Exceed $4 Billion Mark by 2021

The emirate's economy will continue to rely on real estate as its main growth driver at 3.65%.
April 22nd, 2019 - 08:29 GMT

Dubai's GDP to Tumble in 2021 After Hitting 3.8 Percent in 2020

The merger will reshape the financial sector in Qatar.
April 22nd, 2019 - 08:00 GMT

Two Major Qatari Banks Complete Legal Merger

Iran’s biggest oil customers, including China and India, have been lobbying for extensions to sanction waivers.
April 22nd, 2019 - 07:30 GMT

Oil Prices Soar Amid US Announcement of Zero Tolerance for Iran Oil Imports

The initiative will see the delivery of $3 billion in assistance to the country.
April 22nd, 2019 - 07:00 GMT

Saudi Arabia, UAE to Support Sudan With $3 Billion

The acquisition supports Saudi Aramco’s plan to increase the complexity and capacity of its refineries.
April 22nd, 2019 - 05:00 GMT

Saudi Aramco to Acquire Shell’s 50 Percent Stake in Sasref JV for $631 Million

Oil facility on Khark Island in southern Iran.
April 22nd, 2019 - 04:00 GMT

US to End Iran Sanctions Waivers

 Former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer's office after being released on bail from Tokyo Detention House, in Tokyo, Japan on March 6, 2019. He was subsequently detained again.
April 22nd, 2019 - 03:00 GMT

Nissan Ex-Chief Ghosn Charged With Breach of Trust

A storm in the making. Public servants during a protest in downtown Beirut against cuts to their salaries, April 17.
April 21st, 2019 - 11:00 GMT

Will Austerity Plans in Lebanon Rescue Its Collapsing Economy, or Will It Just Fuel the People?

A driver fills his car with gasoline after queueing in front of a petrol station in the Syrian capital Damascus.
April 21st, 2019 - 10:30 GMT

Syria Struggles With Chronic Petrol Crisis

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