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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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Civil servants could receive a 20 per cent increase in their basic wages. (Shutterstock)
January 16th, 2019 - 09:45 GMT

Bahrain Indecisive About 20 Percent Increase in Basic Wages

A section of UAE expats may not have seen much wage growth last year. (Shutterstock)
January 16th, 2019 - 09:43 GMT

Survey: UAE Among World’s Top 10 Destinations for Expats

Kuwaiti rights groups have long called on the government to abolish its kafala system for expats, which has long been criticized as a form of bonded labor. (Shutterstock)
January 16th, 2019 - 09:17 GMT

Kuwait Considers Canceling Its 'Bonded Labor' System

Ties between Qatar and Turkey have grown manifold, especially after the blockade. (Shutterstock)
January 16th, 2019 - 08:35 GMT

Despite Economic Blockade, Over 150 Qatari Companies Operating in Turkey

Growth rates of 3.4 percent and 3.6 percent are projected in 2020 and 2021, respectively. (Shutterstock)
January 16th, 2019 - 08:23 GMT

World Bank: Economic Growth in Tunisia to Reach 2.9 Percent in 2019

The key monitored sectors - construction, wholesale & retail and travel & tourism - registered slower improvements in business conditions in December. (Shutterstock)
January 16th, 2019 - 08:07 GMT

Dubai Economy Tracker Index Hits Second Lowest Reading in Over Two Years

According to the UAE Space Agency, in 2017, the total global space economy value amounted to $348 billion. (Shutterstock)
January 15th, 2019 - 11:50 GMT

UAE Investments in Space Exceed AED22 Billion, Providing Over 1,500 Job Opportunities

The unemployment rate occurred as 11.6 percent with a 1.3 percentage point increase (Shutterstock)
January 15th, 2019 - 11:34 GMT

Turkey's Unemployment Rate Increased to 11.6 Percent in October

Saudi Arabia Mulls Gas Network Extension With UAE, Oman (Shutterstock)
January 15th, 2019 - 10:11 GMT

Saudi Arabia Mulls Gas Network Extension With UAE, Oman

Jordan,Iraq Agree to Finalize Basra-Aqaba Oil Pipeline
January 15th, 2019 - 09:47 GMT

Jordan,Iraq Agree to Finalize Basra-Aqaba Oil Pipeline

More Than 98 Million Passengers Visited Saudi Airports in 2018 (Shutterstock)
January 15th, 2019 - 09:25 GMT

More Than 98 Million Passengers Visited Saudi Airports in 2018

Mutual Investments Between Kuwait, UK Exceeds $4 Billion in 2018 (Shutterstock)
January 15th, 2019 - 09:08 GMT

Mutual Investments Between Kuwait, UK Exceeds $4 Billion in 2018

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