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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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The Repo Rate applicable to borrowing short-term liquidity from CBUAE against Certificates of Deposits has also been increased by 25 basis points. (Shutterstock)
December 20th, 2018 - 08:05 GMT

Interest Rates Soars in UAE Following US Federal Reserve Decision

The message directs receivers to a malicious website. (Pixabay)
December 20th, 2018 - 07:59 GMT

UAE Central Bank Warns Residents From Opening a WhatsApp Message

The government aims to boost spending by about 7 percent in 2019. (Shutterstock)
December 19th, 2018 - 10:36 GMT

Saudi Arabia to Boost Spending Despite Budget Deficit

He discovered that his registered SIM card number was replaced with another one. (Shutterstock)
December 19th, 2018 - 09:50 GMT

Expat Loses $1 Million From Bank Account in UAE

Some economists accuse mainstream political parties of contributing to the problem by hiring their supporters to government agencies in order to maintain political influence and improve their chances at election time.(Shutterstock)
December 19th, 2018 - 09:44 GMT

Lebanon Should Lay off Redundant Government Employees, Experts Say

When the report was first introduced in 2006, Jordan was 93rd globally. (Shutterstock)
December 19th, 2018 - 09:36 GMT

Jordan's Ranking Drops in the Global Gender Gap Index Report

By reducing operational costs, secure storage and speedy transactional processing; a greater uptake of this technology is assured. (Shutterstock)
December 19th, 2018 - 09:14 GMT

Opinion: How Could Energy Sectors Deploy Blockchain Effectively

Suspension of operations at the oilfield has reportedly reduced crude oil production by some 315,000 barrels per day. (Shutterstock)
December 19th, 2018 - 09:08 GMT

Libya's Halted Oil Field Costs the Economy $32.5 Million per Day

Israel can be of immense assistance to Muscat, especially in the agriculture and the high-tech sectors. (Shutterstock)
December 19th, 2018 - 09:03 GMT

Is Oman Eyeing Stronger Relations With Israel to Boost Its Non-Oil Economy?

UAE has made progress on the parameters of number of women finding roles as legislators, senior officials and managers, as well as in raising the healthy life expectancy of women vis-a-vis men. (Shutterstock)
December 19th, 2018 - 08:56 GMT

UAE Ahead of Other GCC Countries in Gender Equality

The destructive fallout from Arab Spring uprisings could serve as a deterrent to some. (Shutterstock)
December 19th, 2018 - 08:32 GMT

The Middle East Economy to Face More Struggles in 2019 as Wars Subside

The premier said that such achievements reflect a strong will to consolidate the rule of law, achieve justice for all, eradicate corruption once and for all and protect the capabilities of Jordan. (Shutterstock)
December 19th, 2018 - 08:15 GMT

Jordan Releases Updates on 'Tobacco Case'

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