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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 confidence level of Saudi CEOs about the global economy stood at 94 per cent this year as against 55 per cent last year.  (Shutterstock)
December 13th, 2018 - 08:51 GMT

CEOs in Saudi Are Still Predict Healthy Economic Growth Due to Oil

Under the agreement, travelers will be able to use either airline for their trips between the two countries and on some domestic connections. (Shutterstock)
December 13th, 2018 - 08:46 GMT

Jet Airways, Flynas Agree on Codeshare to Increase Inter-City Commute

Solar and wind power generation has risen from 2 per cent to 10 per cent of the country’s generated power since 2014. (Shutterstock)
December 13th, 2018 - 08:39 GMT

Jordan Aims to Have Renewable Energy Contribute to 20 Percent of Energy Needs

Internet retailing in the UAE is valued at Dh7.4 billion - exclusive of VAT - in 2018, growing by 18.8 per cent over the previous year. (Shutterstock)
December 13th, 2018 - 08:33 GMT

UAE Tops List of Best MENA Country for Online Shopping

Iran Ready to Cooperate Fully With IAEA. (Shutterstock)
December 13th, 2018 - 07:47 GMT

Iran Ready to Cooperate Fully With IAEA

In quitting Iran, multinational European firms ignored pleas by their governments to stay their ground and continue trade. (Shutterstock)
December 13th, 2018 - 07:44 GMT

EU, US Exports to Iran Increase Despite Sanctions

Iran and Oman have had good economic relations from old times and the ties have even expanded in recent years due to extended bank cooperation between the two countries. (Shutterstock)
December 13th, 2018 - 07:39 GMT

Oman, Iran to Strengthen Trade via New Marine Line

Amir Abdollahian, Iranian parliamentary official (AFP)
December 13th, 2018 - 07:21 GMT

Europe's SPV Solution to Circumvent US Sanctions on Iran Might Launch End of Year

Abdul-Mahdi said he would send a delegation to the United States to seek an exemption from sanctions to keep importing gas from Tehran. (Shutterstock)
December 13th, 2018 - 07:13 GMT

Iraq Takes a Strong Stance With Iran Against US Sanctions

Prime Minister-designate Saad Hariri. (AFP)
December 13th, 2018 - 07:00 GMT

Hariri Reassures CEDRE Implementation Despite Government Formation Delays

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 12th, 2018 - 08:00 GMT

Iran Claims Its Oil Exports Have Increased Since US Sanctions

Iran and South Africa underlined broadening their bilateral ties in different areas in their joint statement. (Shutterstock)
December 12th, 2018 - 07:49 GMT

Iran, South Africa to Increase Tech, Business Ties

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