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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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Bahrain will soon become the third of the six Gulf Cooperation Council (GCC) member states, after the UAE and Saudi Arabia, to introduce the consumption-based tax placed on goods and services. (Shutterstock)
December 27th, 2018 - 06:49 GMT

The Real Impact of VAT on Bahraini Companies and Individuals

It is clear that in the Middle East, starvation is not due to lack of resources. (Shutterstock)
December 26th, 2018 - 10:58 GMT

Will the 'Yellow Vests' Solve the Financial Issues in the Arab World?

Iran's government faces acute economic challenges as it announces its annual budget. (Shutterstock)
December 26th, 2018 - 10:50 GMT

Iran's Economic Challenges Go Beyond US Sanctions

The authorities rejected the offer, saying accepting the aid would be an unforgivable immoral act and departure from its principles. (Shutterstock)
December 26th, 2018 - 10:45 GMT

Sudan Turns Down Aid in Exchange for Cutting Relations With Qatar, Turkey

The report stated that the UAE has become one of the best countries in developing energy efficiency. (Shutterstock)
December 26th, 2018 - 10:38 GMT

Report: 3 Arab Countries Among Best Countries Worldwide in Developing Renewable Energy

KSRelief provides health services to all Yemeni people in coordination with the Yemeni Higher Relief Committee represented by the Yemeni Ministry of Health and Population, and local and international partners. (Shutterstock)
December 26th, 2018 - 10:33 GMT

Saudi's Humanitarian Aid Continue Operations in Yemen

Authorities recovered 81 heroin capsules from the passenger’s stomach, carrying in total 589 grams of the banned drug. (Shutterstock)
December 26th, 2018 - 10:23 GMT

5 Smuggling Drugs Attempts Thwarted in Saudi Arabia

The Kingdom is working on plans to boost its non-oil exports and the strategy adopted by the ports authority is aimed at boosting exports from all sectors. (Shutterstock)
December 26th, 2018 - 09:52 GMT

Saudi Ports Authority Implements Reforms to Boost Non-Oil Exports

UAE's thriving startup industry attracts global VCs and investors. (Shutterstock)
December 26th, 2018 - 08:19 GMT

What UAE Startups Should Expect in 2019

Customers assured that defective products will be replaced free of cost. (Shutterstock)
December 26th, 2018 - 08:13 GMT

Japanese, US Vehicles Recalled in UAE Due to Mechanical Problems

Visa reforms and proposed regulations improve buyer sentiment. (Shutterstock)
December 26th, 2018 - 08:09 GMT

The UAE Real Estate Market 2018 in a Nutshell

A sum of Dh19 will be added per health insurance policy from January. (Shutterstock)
December 26th, 2018 - 08:04 GMT

Basic Insurance to Cover 3 Types of Cancers in UAE Starting January 2019

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