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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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Last year, the unemployment rate hovered between 9.6% and 13.5%.
April 16th, 2019 - 07:32 GMT

Turkey’s Unemployment Soars to 14.7 Percent in January

Qatar ranks third with a strong legal framework and a robust organizational structure with a National Cybersecurity Strategy.
April 16th, 2019 - 07:22 GMT

Qatar Ranks Third in the Region on Global Cybersecurity Index 2018

Jeddah’s hospitality market is likely to witness the delivery of more than 4,000 hotel keys in the coming two or three years.
April 16th, 2019 - 06:46 GMT

Report: Jeddah Property Outlook ‘Positive’ Despite 8 Percent Fall in Prices

Then-House Minority Leader Nancy Pelosi (L) and US President Donald Trump argue while making statements to the press before a meeting at the White House in Washington, DC, on December 11, 2018. (AFP)
April 15th, 2019 - 09:00 GMT

Trump Criticized for Imposing Tariffs on the EU

The slowdown in global GDP growth is most likely to be modest and a real crisis remains unlikely.
April 15th, 2019 - 11:14 GMT

The Four Factors Behind the Slowdown in 2018 and Forecast Downgrades

The crypto market cap increased to $176.5 billion from $169 billion last Friday.
April 15th, 2019 - 11:07 GMT

Cryptocurrencies Recover, IMF and World Bank Launch Quasi-Cryptocurrency

Consumption of energy in Kuwait is hitting 700,000 per day.
April 15th, 2019 - 10:58 GMT

Kuwait Hits Highest Rate of Energy Consumption

In recent months fuel and oil shortages have rocked regime-held areas of Syria.
April 15th, 2019 - 10:45 GMT

Syria Adopts New Measures to Confront Fuel Shortage

The two sides reviewed bilateral relations.
April 15th, 2019 - 10:17 GMT

Saudi Arabia and Indonesia Discuss Prospects of Cooperation

Unemployment rate stood at 12 percent in the past Iranian calendar year.
April 15th, 2019 - 08:46 GMT

Unemployment Rate up to 12 Percent in Iran

With the daily supply amount of one million barrels, the market wrapped up by selling eight 35,000-barrel cargos of oil on the day
April 15th, 2019 - 08:34 GMT

Iran to Sell One Million Barrels of Condensate This Week

The runway is nearing the end of its design life and requires a complete upgrade to accommodate future traffic growth.
April 15th, 2019 - 08:06 GMT

Dubai Airports to Start 45-Day Revamp

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