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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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Bitcoin surged to near $20,000 in late 2017, the peak of a bubble driven by retail investors that pushed cryptocurrencies onto the agenda of mainstream financial firms. (Shutterstock)
April 3rd, 2019 - 07:11 GMT

Bitcoin Surpasses $5000 for the First Time in Five Months

A Saudi developer’s plan to harness the sun 24/7 is sparking a renewable energy revolution in the region. (Shutterstock)
April 3rd, 2019 - 06:31 GMT

Saudi Arabia Adopts New Technologies for Harnessing Solar Power

In the GCC, Saudi Arabia has the largest construction market, accounting for more than 33% of the market share, estimated to be valued at over $850 billion. (Shutterstock)
April 3rd, 2019 - 06:15 GMT

How the Construction Sector Nourishes Saudi Arabia's Economy

There are “other obstacles” that Jordanian produce exporters face when trying to export to Syria. (Shutterstock)
April 2nd, 2019 - 11:09 GMT

Jordan's Exports to Syria Plummet 70 Percent Despite Reopening of Border Crossing

Exactly 593,427 travelled via QAIA in February, marking a 9.2 per cent increase in passenger movement from 2018. (Shutterstock)
April 2nd, 2019 - 09:19 GMT

Over Half a Million Passengers Travelled Through Jordan's Airport in February 2019

The monthly average of the OPEC basket price hit USD 63.83 pb in February and USD 66.37 pb in March. (Shutterstock)
April 2nd, 2019 - 09:03 GMT

OPEC Basket Price Soar to $67.23 pb

2 of the top 5 countries for expat workers were GCC countries. (Shutterstock)
April 2nd, 2019 - 08:49 GMT

Video: 10 Best Countries for Expat Workers

Egypt's oil trade balance achieved for the first time in four years a surplus of $150.8 million. (Shutterstock)
April 2nd, 2019 - 07:59 GMT

Egypt's Oil Trade Balance Achieves Surplus of $150.8 Million

Governmental and commercial entities that go cashless are alleviated from all the burden and risk of handling cash. (YouTube)
April 2nd, 2019 - 07:48 GMT

Bahrain Entities Join the Cashless Field With TAM Dinar

Tunisia raised fuel prices by four percent on Saturday. (Shutterstock)
April 2nd, 2019 - 07:40 GMT

Tunisia Raises Fuel Prices by 4 Percent Amid Rise in Global Prices

Department stores will provide one million jobs for Saudis by 2020. (Shutterstock)
April 2nd, 2019 - 07:29 GMT

Malls in Saudi Arabia to Provide a Million Jobs by 2020

The sum of exports and imports went down by 17.4 percent to reach $1.6 billion over the period. (Shutterstock)
April 2nd, 2019 - 06:42 GMT

Lebanon’s Trade Deficit Falls to $1.2 Billion

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