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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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If charged and found guilty, the maximum punishment could be is the death penalty.
April 21st, 2019 - 10:00 GMT

Bitcoin-Rich Couple Might Face Death Penalty in Thailand

The report by Tadawul, issued on Sunday, showed the rise of Gulf investors possession in the Saudi shares market to 2.04 percent.
April 21st, 2019 - 09:00 GMT

17.5 Percent Increase Makes Saudi Stock Market One of the World’s Best Stock Markets

A delegation of digital economy from the U.S. is expected to pay a visit to Turkey in May.
April 21st, 2019 - 08:40 GMT

Turkey, US Increase Efforts to Boost Trade

Saudi Aramco made its first strategic investment in South Korea nearly 30 years ago when it bought a 34.99% stake in South Korean refining firm S-Oil in August 1991.
April 21st, 2019 - 08:30 GMT

Saudi Aramco Makes Second Major Investment in South Korea

The company is focused on creating mobile apps, games and other digital platforms for the Middle East and North Africa (Mena) region.
April 21st, 2019 - 08:15 GMT

Chinese Tech Firm Launches Regional HQ in Bahrain, Aims to Invest $50 Million

GDP growth read 6.4% y/y in Q1, the same pace as in Q4 but beating consensus forecasts of 6.3%.
April 21st, 2019 - 08:00 GMT

Report: China’s Economy Responds to Healthy Policy Stimulus

Huawei last year surpassed Apple to become the world’s second-largest smartphone manufacturer behind Samsung.
April 21st, 2019 - 07:19 GMT

CIA Accuses Huawei of Receiving Funding From Chinese State Security

Arrivals from France increased 24.7 percent, while the Dutch market developed around 13.5 percent.
April 21st, 2019 - 07:04 GMT

Tunisian Tourism Sector Revives With 17.4 Percent Increase in Arrivals

There are 31 communities across the emirate of Dubai where Dh5 million worth of investment can get a 5-year visas.
April 21st, 2019 - 06:26 GMT

Here's How You Can Secure Long-Term UAE Visa

Left with no cash to continue flying, the once-mighty Jet Airways on Wednesday suspended operations temporarily.
April 20th, 2019 - 07:56 GMT

Lenders Keen on Utilizing 15 Jet Airways Planes After Its Crisis

Millionaires flock to Dubai due to a range of exceptional business incentives.
April 20th, 2019 - 07:43 GMT

This Is Why Millionaires Choose Dubai

A number of legal risks are involved in the use of social media in the UAE
April 20th, 2019 - 07:32 GMT

Avoid UAE Courts by Knowing the Do’s and Don’ts of Social Media

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