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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 police received reports on the gang calling victims about a Dh200,000 prize they had "supposedly won from a telecommunications company". (Ajman Police/Twitter)
December 17th, 2018 - 09:33 GMT

UAE Arrests 19 Expats Accused of Dh 200,000 Prize Phone Scam

Nowadays over 140 countries are now benefiting from blockchain technology through the world. (Shutterstock)
December 17th, 2018 - 09:28 GMT

Iran Sees Economy Saviour in Blockchain

“The Government of the UAE is committed to providing an innovative and comprehensive system of government work based on enhancing efficiency in the use of AI and data in various vital sectors." - Omar Sultan Al Olama (Shutterstock)
December 17th, 2018 - 09:21 GMT

UAE's New Wealth Is Not Oil Anymore; It's Data

Rosneft and the National Iranian Oil Company (NIOC) signed a road map for strategic cooperation in oil and gas in Iran—cooperation which Rosneft’s chief executive Igor Sechin said would involve a total of US$30 billion of investments. (Shutterstock)
December 17th, 2018 - 09:11 GMT

Russia's Rosneft Walks out of $30 Billion Joint Oil and Gas Projects With Iran


The agreement aims at assisting Jordan to alleviate the burden of public debt service and is part of Saudi Arabia's efforts to support Jordan and help it overcome its economic crisis. (Shutterstock)
December 17th, 2018 - 09:05 GMT

Saudi Arabia Grants Jordan Grace Period for $114 Million Loan

The conference’s choice of the Arab digital economy as its main topic reflects the awareness of the Arab region of its challenges, in light of the role of modern technology in developing communities and economies. (AFP)
December 17th, 2018 - 08:33 GMT

Arab League Unites Under Digital Economy Banner

(Shutterstock)
December 17th, 2018 - 08:26 GMT

UAE Announces New Structure for Central Bank

The creation of the satellite will be one of the ministry's main goals. (Shutterstock)
December 17th, 2018 - 08:20 GMT

Syria Aims for the Stars With New Space Mission

The approval of the Central Bank of Kuwait should be obtained if ownership exceeds 5 percent of the bank’s capital. (Shutterstock)
December 17th, 2018 - 08:12 GMT

Foreigners Can Now Own a Bigger Share of Kuwait's $39 Billion Banking Sector

The government’s focus on protecting the low-income classes over implementing the social safety networks, noting that the positive indicators of the economy were clear over the past five months. (Shutterstock)
December 17th, 2018 - 08:01 GMT

Egypt to Have New Taxation System by 2020

The World Bank’s (WB) Vice President for Infrastructure, Makhtar Diop. (AFP)
December 17th, 2018 - 07:23 GMT

World Bank Still Committed to Cooperation With Egypt on Infrastructure Projects

Vision 2030 that was once a dream has now been translated into a reality with giant steps forward to achieve the needed reforms and to carry out the needed transformations. (Shutterstock)
December 17th, 2018 - 07:05 GMT

Opinion: Saudi's Vision 2030 Is More a Reality Than a Dream

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