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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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A Danish couple, purchasing a 1,999 dirham camera, pushed DDF through the $2 billion barrier — and were presented with a $2,000 gift card. (Shutterstock)
December 31st, 2018 - 07:25 GMT

Dubai Duty Free Sales Breaks the Record in 2018

Emirates also said in a statement it was monitoring the situation but did not have anything to announce at this time. (File/Photo)
December 31st, 2018 - 07:20 GMT

UAE Aviation Regulator Evaluates Resuming Flights to Syria

The UAE's tourist VAT refund programme was well-received by those who availed it. (Shutterstock)
December 30th, 2018 - 10:50 GMT

UAE Tax Authority Concludes a Successful 2018

Thursday’s meeting at the Saudi Embassy also touched on Lebanon’s relations with Riyadh in various fields including economic, trade and social matters. (Shutterstock)
December 30th, 2018 - 10:34 GMT

Saudi Tourists Will Return to Lebanon When Government Forms

 Iranian Foreign Minister Zarif said the US would have to resort to policies that would drag the world into a chaotic state if it tried to actually shut down Iran’s oil exports. (Shutterstock)
December 30th, 2018 - 10:21 GMT

Will US Take Desperate Measures to Drag Iran Oil Exports to Zero?


The Iraqi prime minister said the talks were "extremely important to achieve a real outcome and make progress in the relationship between the two brotherly neighbouring countries". (Shutterstock)
December 30th, 2018 - 10:14 GMT

Jordan, Iraq to Boost Economic Ties With New Border Reopening

The main objective is to boost the competitiveness of the emirate. (Shutterstock)
December 30th, 2018 - 10:07 GMT

Will Waiving Customs Duties on Industry Sector Revive Abu Dhabi's Economy?

The aviation sector is expected to reach 20 percent over the next few years. (Shutterstock)
December 30th, 2018 - 10:00 GMT

Aviation Sector Contributes 15 Percent to UAE's GDP

Adequate training of inspection officers’ and their vigilance also prevented the smuggling of 6,720 ‘Lyrica’ pills. (Shutterstock)
December 30th, 2018 - 09:22 GMT

Dubai Customs Busts 922 Smuggling Attempts in 2018

The most important challenges facing the KOC are to achieve the set goals and the need for a large number of drilling platforms in preparation for future projects. (Shutterstock)
December 30th, 2018 - 08:35 GMT

Kuwait Aims for 3.65 Million Bpd of Light Crude Production for 2023

‘A time bomb similar to real estate fraud’ (Shutterstock)
December 30th, 2018 - 08:30 GMT

Kuwait Warns Citizens Against Social Media Quick Bucks Scams

The issue is limited to the Korean contractor and the Kuwaiti authorities. (Shutterstock)
December 30th, 2018 - 08:24 GMT

The Real Reason Why Kuwait Seized an Iranian Ship. Hint: It's Not US Sanctions

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