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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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Boeing 737 MAX. (AFP)
April 4th, 2019 - 07:36 GMT

FAA Representative: Boeing Working Relentlessly to Make 737 Max Aircraft Safe

Ghosn's lawyer, Junichiro Hironaka, called the latest arrest "inappropriate". (Shutterstock)
April 4th, 2019 - 07:27 GMT

Nissan Ex-Chief Ghosn Arrested for Fourth Time in Japan

The dip in price is an opportunity for the customers to buy gold and jewelry on lower rates. (Shutterstock)
April 4th, 2019 - 07:01 GMT

It Might Not Be the Right Time to Trade in Gold

To mitigate this challenge, the UAE government is giving incentives to encourage Emiratis to have more interest in the profession. (File/Photo)
April 3rd, 2019 - 10:00 GMT

Why UAE Nationals Reluctant to Work in Health Sector

Lebanon will start drilling for gas in maritime Block 4 before the end of the year and intends to launch a second licensing round in January 2020. (Shutterstock)
April 3rd, 2019 - 09:18 GMT

Lebanon to Start Gas Drilling Before End of Year

Trump administration official says government is considering targeting areas of Iran's economy that have not been hit before. (Shutterstock)
April 3rd, 2019 - 09:13 GMT

US Mulls Targeting New Areas of Iran's Economy Through Additional Sanctions

Saudi Arabia’s Q4 2018 GDP figures indicated that the economy expanded 3.6 per cent y-o-y (+2.5 per cent y-o-y in Q3), driven by the expansion in the oil sector. (Shutterstock)
April 3rd, 2019 - 08:20 GMT

Saudi Economy Expands at Fastest Pace in 3 Years Due to Oil Sector's Recovery

The WB partly and indirectly attributed the revival of growth to policies that reduced the GCC’s reliance on oil revenues in addition to UAE’s investments in infrastructure in preparation to host Expo 2020. (Asharq Alawsat)
April 3rd, 2019 - 08:15 GMT

World Bank Projections on Countries' Region's Economy

The Turkish currency lost nearly 30 percent against the dollar last year in a sell-off sparked by concerns over the independence of the central bank and exacerbated by worsening ties with Washington. (Shutterstock)
April 3rd, 2019 - 07:50 GMT

Turkish Lira Drops Amid US Halting of Fighter Parts Delivery

Experts call on state to control prices so that citizens can feel impact of new decisions. (Shutterstock)
April 3rd, 2019 - 07:37 GMT

Egyptians Are Skeptical About Wage Raises

his accounts for 25.5 percent of Japan's total crude imports. (Shutterstock)
April 3rd, 2019 - 07:25 GMT

UAE Exports 22 Million Crude Oil Barrels to Japan in February

The forecast indicates a slight drop from previous projections by the World Bank, as a previous report earlier this year expected the Kingdom’s growth for 2019 to reach 2.3 per cent, 2.4 per cent in 2020 and 2.7 in 2021. (Shutterstock)
April 3rd, 2019 - 07:19 GMT

World Bank: Jordan Economy to Grow by 2.2 Percent in 2019

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