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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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Ghosn has been refused bail, has not been allowed to have lawyers present under questioning, and has been unable to meet with his family since his arrest. (Shutterstock)
January 13th, 2019 - 09:25 GMT

Ghosn's Arrest Arose Questions About Japan's Justice System

The implementation of taxes will not be useful to policies on the diversification of sources of revenue without taking necessary prerequisite steps and approval of advanced accounting system. (Shutterstock)
January 13th, 2019 - 08:30 GMT

Kuwaiti Official: 'Tax System to Strengthen Nationalism'

Turkey's natural gas consumption retreats to around 50 billion cubic meters in 2018. (Shutterstock)
January 13th, 2019 - 08:22 GMT

Turkey Hits a Historic Record in Daily Gas Consumption

Qatar’s non-hydrocarbon sector is expected to grow 4.1 percent and 4.8 percent year-on-year in 2019 and 2020. (Shutterstock)
January 13th, 2019 - 08:13 GMT

Report: Qatar to Reach 2.7 Percent Economic Growth for 3 Years

Majority of healthcare services have been classified as zero-rated. (Shutterstock)
January 13th, 2019 - 08:03 GMT

5 Percent VAT to Be Applied on Cosmetic Services in UAE

With this new regulation it is expected that drones will soon be appearing in stores all around Saudi Arabia. (Shutterstock)
January 12th, 2019 - 08:32 GMT

Saudi Arabia Starts Issuing Drone Permits

The World Bank expressed concern about the growing risk factors in the region as a result of conflicts and economic slowdown. (Shutterstock)
January 12th, 2019 - 08:17 GMT

World Bank: Lebanon GDP to Grow 0.3 Percent in 2019

This means patients suffering from cancer, sickle cell anaemia and thalassaemia will no longer have to travel abroad. (Shutterstock)
January 12th, 2019 - 07:08 GMT

Bahrain to Become First Plasma Manufacturer in the Arab World

The countries which came close to “true” gender parity were Bahrain, the UK and the Netherlands. (Shutterstock)
January 12th, 2019 - 06:54 GMT

Bahrain Ranks First in Gender Parity Index

The draft decision aims to encourage the private sector to invest in the recycling industry and speed up land allotment to investors. (Shutterstock)
January 11th, 2019 - 07:30 GMT

Qatar to Lease Lands for Recycling Industries

People in the UAE work 5.5 days per week on average compared to 5.7 days in India. (Shutterstock)
January 11th, 2019 - 06:30 GMT

Survey: 32 Percent of UAE Residents Anxious About Retirement

The apps were produced by an Israeli software company. (Shutterstock)
January 11th, 2019 - 06:00 GMT

Lebanon Warns Citizens From Using Apps Developed by Israel

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