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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 regional market witnessed a slight decline during 2014-2016. (Shutterstock)
December 12th, 2018 - 07:41 GMT

Middle East Fire Safety Market Will Reach a Sizzling $3 Billion by 2024

The Qatari envoy to Israel and the Gaza Strip Mohammed Al-Emadi. (Asharq Alawsat)
December 12th, 2018 - 07:34 GMT

Israel Stands in Way of Qatar's Doha-Gaza Air Link Proposal

45 percent of employers do not allow domestic workers to go out on weekly day rest. (Shutterstock)
December 12th, 2018 - 07:25 GMT

62.2 Percent of Employers in Kuwait Break Domestic Workers Law

Kuwait’s government is keen to fight corruption through the application of financial disclosure statement. (Shutterstock)
December 12th, 2018 - 07:19 GMT

Kuwait Determined to Stem out Corruption

Long-term investors prefer to pump their money into mid-term operational shares to speculate and enter into reckless adventures. (Shutterstock)
December 12th, 2018 - 07:15 GMT

In Kuwait, Investing in Popular Stocks Still Reigns

Egypt Aims to Increase Its Exports by up to 20 Percent. (Shutterstock)
December 12th, 2018 - 07:04 GMT

Egypt Aims to Increase Its Exports by up to 20 Percent

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz on Monday broke ground on the King Salman Energy Park, SPARK. (Saudi Aramco)
December 12th, 2018 - 06:55 GMT

Bin Salman Inaugurates Saudi's Energy City Mega project

Turkey applied for EU membership in 1987, while accession talks began in 2005. (Shutterstock)
December 12th, 2018 - 06:49 GMT

Turkey Undeterred Towards Its EU Membership Goal

The case is the latest in a string of corruption cases brought by the Administrative Control Authority, the country's anti-corruption watchdog, against top state officials in recent months. (Shutterstock)
December 12th, 2018 - 06:40 GMT

Egypt's Former Head of Customs Accused of Bribery

Nearly half of the €72.5 million will be used to maintain stability through promoting local development, Pierre Amilhat from the EU’s Directorate-General of International Cooperation and Partnership told reporters. (Shutterstock)
December 11th, 2018 - 02:22 GMT

EU Dedicates $82.5 Million for Iraq's Reconstruction

According to Mohammad Hassan Adeli, former secretary general of the Gas Exporting Countries Forum, sanctions are one of the main reasons for Iran’s failure in its gas export policy. (Shutterstock)
December 11th, 2018 - 02:18 GMT

How Are the US Sanctions Affecting Iran's Gas Projects?

Only the judge overseeing the case will be present in the courtroom. (Wam)
December 11th, 2018 - 02:11 GMT

World’s First Digital Courtroom Finds Home in Abu Dhabi

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