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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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Ghosn said he was the victim of a "conspiracy" by "backstabbing" executives at Nissan who had engineered his arrest to prevent a merger between the Japanese automaker and its alliance partner Renault.
April 11th, 2019 - 09:45 GMT

Ghosn Claims to Be a Victim of 'Conspiracy', 'Backstabbing'

China now has the world’s largest carbon-trading exchange.
April 11th, 2019 - 09:35 GMT

Will Egypt Follow China's Steps in Green Investing?

According to ministry data, domestic revenues increased to JD1.1161 billion at the end of February of this year.
April 11th, 2019 - 09:25 GMT

Jordan's Public Debt Soars to Over $40 Billion

While the idea of Beirut as the party capital of the Middle East can lend itself to cliché, the reality is that the breadth of different kinds of nightclubs found in Lebanon—relative to its size—is impressive.
April 11th, 2019 - 09:03 GMT

Will the Nightclub Business Reflourish in Lebanon?

Among those initiatives is a strategy called “Phoenician Road,” launched Wednesday to promote tourism among the three Mediterranean countries, and cooperation between the Lebanese University and Greek and Cypriot universities.
April 11th, 2019 - 08:30 GMT

Lebanon to Finalize Multiple Cooperation Pacts With Cyprus, Greece

The process of mining is indeed a complex and resource hungry procedure.
April 11th, 2019 - 07:56 GMT

China Mulls Banning Bitcoin Mining

According to the World Bank, financial inclusion means that individuals and businesses can access useful and affordable financial products and services such as transactions and payments which are delivered in a sustainable way.
April 11th, 2019 - 07:49 GMT

Zero Progress Made in Improving Financial Inclusion in Lebanon

The partnership will align $1 billion in World Bank investments with Generation Unlimited, a new global initiative, currently hosted by Unicef.
April 11th, 2019 - 07:41 GMT

World Bank, Unicef Announce New Commitment to Boost Employment Prospects

There's a 'high probability' to achieve balance in market by year end.
April 11th, 2019 - 06:26 GMT

UAE to Revise Oil Output Cut Target If Market Requires

The pre-tax income for Saudi Arabia’s re/insurance sector declined roughly 28 per cent to about SR754 million.
April 11th, 2019 - 06:00 GMT

Saudi Insurance Market Profit Drops 28 Percent in 2018

The handing over is to begin at the start of 2021.
April 10th, 2019 - 09:50 GMT

UAE to Transform a Deserted Island Into a Vivid Urban Center

Qatar’s banking sector has stabilised over the course of 2018 and is well positioned to benefit from an anticipated economic expansion. (Shutterstock)
April 10th, 2019 - 06:59 GMT

Report: Qatari Banks Well Positioned to Benefit From Economic Expansion Despite Blockade

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