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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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Reports suggest most Egyptian civil servants work other jobs to be able to put food on the table for their families. (Shutterstock)
April 8th, 2019 - 03:01 GMT

With an Additional Spend of $3.4 Billion on Pay Rises, How Will Egypt Cope of Rising Inflation?

The Ben Ezra Synagogue, represents one of the few Jewish heritage still existing in Egypt. (Shutterstock)
April 8th, 2019 - 02:57 GMT

Egypt Targets Jewish Heritage in a Bid to Boost Tourism

The Saudi private sector struggled last year because of fuel price hikes, the introduction of a 5 percent value-added tax and higher fees for hiring foreign workers. (Shutterstock)
April 8th, 2019 - 02:50 GMT

Saudi Arabia's Private Sector Causes Decline in Employment Index

QNTC’s strategy fits well with the current situation and benefits the hotels in Doha as it tries to diversify its source markets. (Shutterstock)
April 7th, 2019 - 06:42 GMT

Qatar to Become ‘Perfect Mix of Business and Leisure Destination’

The two ministers also inaugurated the Egypt-Jordan gas line’s main compression station development project. (Shutterstock)
April 7th, 2019 - 05:48 GMT

Jordan, Egypt Strengthen Ties with New Gas Line Compression Station Development Project

When the population is large, this makes it hard for the economy to achieve the desired growth. (Shutterstock)
April 7th, 2019 - 05:33 GMT

Overpopulation Hindering Egypt's Economic Progress

Lebanon Announces New Blocks for Oil, Gas Exploration. (Shutterstock)
April 7th, 2019 - 05:19 GMT

Lebanon Announces New Blocks for Oil, Gas Exploration

The state Treasury has incurred over $40 billion in losses in the electricity sector. (Shutterstock)
April 7th, 2019 - 05:09 GMT

Political Bickering on Electricity Reforms Costs Lebanon $40 Billion

Economic growth in any part of the world could not be achieved unless security and stability was secured and maintained. (Shutterstock)
April 7th, 2019 - 04:52 GMT

Dutch Minister Blames Arab Governments for Failing Their Citizens

Bahrain recently announced a new tight oil discovery off its coast estimated to be its biggest ever find. (Shutterstock)
April 7th, 2019 - 03:36 GMT

Bahrain Wants US Oil and Gas Giants to Invest in Its Energy Sector

Overall, the number of fintech startups in the region is forecasted to expand from 96 in 2019 to 465 by 2020. (Shutterstock)
April 7th, 2019 - 03:30 GMT

67 Fintech Startups Help UAE Top Mideast List

he start-ups will also have a chance to team up with "Area 2071" which serves as a gateway and a platform to design the future, through encouraging creativity, fostering talents as well as attracting local and global partnerships. (Shutterstock)
April 7th, 2019 - 03:24 GMT

UAE Grants Long-term Visas for 100 Most Innovative Startups in Industrial Revolution Race

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