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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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Aoun’s comments came during talks at Baabda Palace with a U.S. congressional delegation.
April 14th, 2019 - 07:35 GMT

Lebanon Invites US Firms to Bid in New Round of Oil,Gas Exploration

The original Bilateral Currency Swap Agreement was signed in October 2013 at a value of $5.4 billion.
April 14th, 2019 - 07:19 GMT

UAE, South Korea Renew $5.4 Billion Currency Swap Agreement

There are rumours that some M&As in insurance industry are in the pipeline.
April 14th, 2019 - 06:57 GMT

Insurance Sector Projected to Witness Majors Mergers in GCC Soon

Dubai and Abu Dhabi are ranked second and ninth in terms of highest average rental returns.
April 14th, 2019 - 06:47 GMT

UAE Properties Offer One of Best Returns Worldwide

Workforce in Bahrain are likely the happiest when it comes to paid leaves.
April 13th, 2019 - 09:29 GMT

Bahrain Provides Most Number of Leave Days Globally for Expats

Fintech has been recognised as a primary tool for achieving long-term development goals for the financial sector.
April 13th, 2019 - 09:09 GMT

Qatar Recognizes Fintech as Key Tool for Achieving Development Goals

The Securities and Exchange Commission also charged Naqvi and Abraaj’s asset management arm with misappropriating money from its heathcare fund.
April 13th, 2019 - 08:41 GMT

UAE Abraaj Executive Arrested on US Fraud Charges

The number of Saudis seeking work reached 970,229 during the fourth quarter of 2018
April 11th, 2019 - 12:04 GMT

Almost 14,000 Saudis Secure Jobs in March Due to Saudization Efforts

Growth is also being undercut in less direct ways.
April 11th, 2019 - 11:54 GMT

Will the Western Economies Fall Into the 'Japanification' Trap?

It is increasingly expensive to pay for elements of a middle class lifestyle such as private healthcare, education and owning a home, while middle earners are experiencing ‘dismal income growth or stagnation’.
April 11th, 2019 - 11:08 GMT

The Middle Class Lifestyle: 'A Boat in Rocky Waters'

Protests were held by hundreds of Moroccan teachers in front of the education ministry in Rabat on Wednesday.
April 11th, 2019 - 11:01 GMT

Morocco: Hundreds of Teachers Protest for Job Security in Sixth Week of Strike

U.S. Secretary of Treasury Steve Mnuchin
April 11th, 2019 - 10:22 GMT

US Affirms Progress on Trade Deal With China

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