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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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Saudi Aramco’s crucial bond issue, set to close on Wednesday, has already attracted higher-than-expected interest from international investor. (Shutterstock)
April 9th, 2019 - 06:16 GMT

Saudi Aramco's International Bond Issue Attracts $30 Billion

Double taxation avoidance agreements allocate taxing rights and ensure individuals and businesses are only taxed once. (Shutterstock)
April 9th, 2019 - 05:44 GMT

UAE-Saudi Double Tax Avoidance Agreement to Boost Bilateral Trade

The police also recorded 41 forgery cases and arrested 63 suspects in 2018. (Shutterstock)
April 8th, 2019 - 04:38 GMT

Dubai Seizes Dh1 Billion in Fake Currency

One of the key sectors that have seen an uptick in FDIs include wholesale and retail trade. The total foreign direct investment in this sector amounted to about $29.8 billion, with a contribution of 24.9 percent of the total FDI inflows in the UAE. (Shutterstock)
April 8th, 2019 - 03:48 GMT

UAE Tops List of Arab Countries' FDI at $10.35 Billion in 2017

This programme is a social process that is based on a comprehensive analysis of the economic, social and cultural situation, he said. (Shutterstock)
April 8th, 2019 - 03:43 GMT

Tunisia Prepares for Socio-Economic Programme Ahead of Elections

Turning to his visit with Iranian minister of energy, he said, “expert-level session was held in continuation of our previous talks with regard to the development of Iraqi electricity in cooperation with the Islamic Republic of Iran.” (Shutterstock)
April 8th, 2019 - 03:39 GMT

Iraq, Iran to Bolster Electricity Cooperation

According to spokesman for the Atomic Energy Organization of Iran (AEOI), Behrouz Kamalvandi, the achievements would cover various fields, including exploration, extraction, fuel cycle, power plants, science and technology as well as laser. (Shutterstock)
April 8th, 2019 - 03:34 GMT

Iran Already Hit 114 Nuclear Achievements and Will Reveal Them on Tuesday

In a region known for its big governments, it is important that regulations do not create stumbling-blocks to optimizing the benefits of technology. (Shutterstock)
April 8th, 2019 - 03:30 GMT

Arab States Must Tackle Data Privacy Laws Towards 4th Industrial Revolution

“(We need) to find a new economic model that can integrate this region and allow it to actually punch at its weight, whereas today we are punching below our weight.” (Shutterstock)
April 8th, 2019 - 03:25 GMT

Arab Economies' Combined GDP Equate to One Single Country, and That's Not Good

Egypt has recently launched an international tender for new explorations in 10 areas in the Red Sea, added the statement. (Shutterstock)
April 8th, 2019 - 03:18 GMT

Egypt, Saudi Boost Relations in Oil, Gas and Minerals Sectors

Vox Cinema, which is managed by Majid Al Futtaim and is considered a pioneer in the Middle East, has been inaugurating about one theater every month in the Kingdom since January, Bejjani explained. (Shutterstock)
April 8th, 2019 - 03:12 GMT

Saudi Arabia Opens 1 Cinema per Month, Boosting Jobs and Economy

A UN report in December stated that 53% of Gazans live in poverty and 54% are unemployed. Revenue from fishing, which the United Nations called a “significant source of employment,” varied considerably as restrictions were tightened and eased over the years. (Shutterstock)
April 8th, 2019 - 03:07 GMT

Israel Eases Restrictions on Gaza Border, but It's Still Not Enough

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