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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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More than 41,000 companies employ over 354,000 people across Dubai's 24 free zones. (Shutterstock)
December 23rd, 2018 - 09:47 GMT

Dubai's Free Zones Accounted for 41 Percent of Emirate's Total Trade

India’s exports to Qatar have expanded by over 87 percent and Indian companies have acquired a strategic depth in the country. (Shutterstock)
December 23rd, 2018 - 09:33 GMT

Qatar Eyes Stronger Trade With India's Food Market

Improving this system, Lebanese Customs Director-General Badri Daher told the state-run National News Agency, will have the effect of increasing people’s trust in the Lebanese state, improving productivity and encouraging expats to return. (Shutterstock)
December 23rd, 2018 - 09:27 GMT

Everything You Need to Know About Lebanon's New Custom's System

The chamber said that such practices by Israeli authorities constitute an obstacle that hinders developing trade ties between Jordan and Palestine. (Shutterstock)
December 23rd, 2018 - 09:16 GMT

Israel Arrests Jordan's Top Industrialist Figure

According Civil Service Commission (CSC) statistics, the number of unemployed citizens is currently 13,523, and the figure constitutes 3,540 men and 9,983 women. (Shutterstock)
December 23rd, 2018 - 09:03 GMT

More Than 2,000 Expats Lose Their Public Sector Jobs in Kuwait

PM Khan has remained confident that the financial cushion from countries like the UAE will ultimately help avert immediate default as well as enable the government to argue a less austere, more people-friendly programme with the IMF. (Shutterstock)
December 23rd, 2018 - 08:44 GMT

UAE Revives Pakistan's Economy With $3 Billion Loan


For the last 10 years, an average of $216 billion projects have been awarded annually, with the GCC region accounting for about two thirds of this volume. (Saudi Gazette)
December 23rd, 2018 - 08:23 GMT

Despite Political Upheavals, MENA Region Is Home for $3.5 Trillion Worth of Projects

Iran and China are enjoying strong bilateral relations, and earlier in September, the two countries launched a 9,000-kilometer-long railway within the framework of new Silk Road Program between the two countries. (Shutterstock)
December 23rd, 2018 - 07:57 GMT

What Lies Behind China's Commitment to Fostering Its Ties With Iran?

According to Hemmati, the Central Bank of Iran had been focused mainly on stabilizing foreign-exchange market over the past few weeks through promoting Iran’s national currency. (Shutterstock)
December 23rd, 2018 - 07:50 GMT

Iran's Foreign Currency Market Climbing Back to Stable Conditions

10-year visa to investors, skilled professionals will go a long way to boost investor confidence. (Shutterstock)
December 23rd, 2018 - 05:30 GMT

Professionals From These 3 Industries Will Benefit the Most From UAE's 10-Year Visa

Among the accused are three Arabs and 14 Asians. (Shutterstock)
December 23rd, 2018 - 05:00 GMT

17 Expats Accused of Embezzling More Than Dh 9.1 Million in Dubai

The gang took the money from a cash transport vehicle. (Shutterstock)
December 22nd, 2018 - 01:54 GMT

Gang Arrested in UAE for Stealing Dh 4 Million

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