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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 project, which was built by both Jordanian and Saudi contractors, is meant to facilitate regional trade and movement. (Shutterstock)
December 19th, 2018 - 08:09 GMT

Jordan Inaugurates JD 200 Million Highway Linking With Saudi Arabia

Larijani said, “government should be downsized. Once the electronic government is launched precisely, giant steps could be taken for downsizing the government.” (Shutterstock)
December 18th, 2018 - 09:05 GMT

Iran's 2019 Budget to Wean Itself Off Oil

China is trying to expand and develop its relation with the Islamic Republic of Iran, using different organizations and institutions, in cooperation with the private sector, the deputy foreign minister emphasized. (Shutterstock)
December 18th, 2018 - 08:58 GMT

China Sees a Lucrative Market in Iran

The agreement covers the funding of the fourth phase of the €60 million renewable energy and energy efficiency program for lower energy consumption in the water sector. (Shutterstock)
December 18th, 2018 - 08:51 GMT

German Bank to Grant Jordan €97 Million

The court sentenced him to one year in jail and ordered him to pay a Dh426,800 fine on six counts of arson. (Shutterstock)
December 18th, 2018 - 08:45 GMT

Expat Fined More Than $300,000 for Arson in UAE

The data from the Iranian Customs Administration show that Iran’s exports to the UAE topped the list in terms of the value of exports in US dollars. (Shutterstock)
December 18th, 2018 - 08:21 GMT

Iranian Non-Oil Exports to GCC up to $6.5 Billion

The investors received some payments but it came to a sudden halt, which prompted the investors to request more information about the activities and why they had stopped receiving returns on their investments as agreed. (Shutterstock)
December 18th, 2018 - 08:13 GMT

Kuwait Arrests Two Businessmen Accused of Laundering Around $50 Million

Digital currency has several benefits including lowering the cost of banknote issuance and use of cash. (Shutterstock)
December 18th, 2018 - 08:07 GMT

Egypt Might Have Its Own Digital Currency Soon

The Egyptian banks’ digital wallets are serving around 10.5 million clients across the country. (Shutterstock)
December 18th, 2018 - 08:02 GMT

Egypt Bank Issues 12 Million Digital Wallets to Date

The figure was up 0.8 percentage points from September 2017. (Shutterstock)
December 18th, 2018 - 07:44 GMT

Turkey's Unemployment Swells to 11.4 Percent

It is a joint venture formed by Qatar Petroleum with a 70 percent interest, while ExxonMobil has a 17.6 percent interest, and ConocoPhillips has a 12.4 percent interest. (Shutterstock)
December 18th, 2018 - 07:38 GMT

Qatar to Pump $20 Billion in US Oil and Gas Sectors

Iraq’s booming oil output has come under increasing scrutiny from other producers. (Shutterstock)
December 18th, 2018 - 07:31 GMT

Iraq to up Its Oil Production to 5 Million Bpd in 2019

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