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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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Dh23.4m worth of fines waived off last year to help firms cope up with challenging environment. (Shutterstock)
January 6th, 2019 - 07:53 GMT

Dubai to Maintain 50 Percent Reduction in Fines for Businesses in 2019

Going forward, the FTA is going to conduct tax audits on businesses, which will ensure that the they take compliance with VAT more seriously than what they have been doing in the first year. (Shutterstock)
January 6th, 2019 - 07:46 GMT

More Than 296,000 Businesses Registered for VAT in UAE

Blockchain, an unalterable digital information recording system, is increasingly being discovered as a useful tool by Islamic finance institutions and banks. (Shutterstock)
January 5th, 2019 - 06:00 GMT

The Deployment of Blockchain in Islamic Finance

The positives in Lebanon’s entrepreneurial developments in 2018 were overshadowed by the toppling of a giant, and the consequences its tumble had for everyone. (Shutterstock)
January 5th, 2019 - 05:00 GMT

The Fears Echoing in Lebanon’s Entrepreneurship Ecosystem

The video showed one person throwing Dh1,000 bank notes under his feet while being encouraged by the second. (Shutterstock)
January 4th, 2019 - 05:00 GMT

Two Expats Arrested in UAE for ‘Disrespecting Money’

In March, Air India launched the first scheduled service to Israel to be allowed to cross Saudi airspace, overturning a 70-year-old ban by Riyadh on such routes. (Shutterstock)
January 3rd, 2019 - 11:48 GMT

Saudi Arabia Mulls Opening Airspace for More Israel-Bound Planes


The fee, along with the security sweep against illegal residents through the Interior Ministry's "A Country Without Illegals" campaign caused many expats to leave the Kingdom for good. (Shutterstock)
January 3rd, 2019 - 11:37 GMT

The Benefits of Expat Fees in Saudi Arabia

Consumer prices in December down 0.40 percent compared to previous month. (Shutterstock)
January 3rd, 2019 - 11:21 GMT

Turkey's Consumer Prices Slips in December

To breathe life into a new job, technology must sometimes snuff the life out of an old one. So are new technologies bound by the legendary myth of Hollywood folklore: if one (job) falls, two will rise to take its place? (Shutterstock)
January 3rd, 2019 - 11:00 GMT

Is the Deployment of Advanced Technology Harming the Human Race's Careers?

It had been expected for some time since the Khashoggi murder because of the pressure Riyadh was coming under to bring those responsible to account and to take other required measures. (AFP)
January 3rd, 2019 - 10:20 GMT

Opinion: The Saudi Reshuffle Strengthens Mohammed Bin Salman's Hand

Tax department attributes rise to evasion regulations, exemptions. (Shutterstock)
January 3rd, 2019 - 09:57 GMT

2018 Tax Revenue Exceeds $5 Billion in Jordan

Central bank strives to meet demand for cash amid soaring inflation. (Shutterstock)
January 3rd, 2019 - 09:52 GMT

Sudan to Release New Banknotes Due to Severe Economic Crisis

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