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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 transfer was endorsed by Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO, and Liu Yijiang, chairman of China ZhenHua Oil. (Shutterstock)
December 11th, 2018 - 02:05 GMT

China Invests in ADNOC With 4 Percent Stake

The MENA region has had a chequered history of renewables adoption to date. (Shutterstock)
December 11th, 2018 - 01:53 GMT

MENA Has yet to Harness the Full Potential of Renewables

The timing of the decision, just few days before the 9th December PGCC Riyadh summit, seems to show the decision is somehow related to the current diplomatic rift between the two states (Shutterstock)
December 11th, 2018 - 01:42 GMT

Qatar's OPEC Withdrawal Hints at Increase of Iran’s Production Share

Price of Brent crude trades above $62 a barrel at start of week (Shutterstock)
December 11th, 2018 - 01:36 GMT

Brent Oil Recovers Following OPEC Oil Output Cut Announcement

Earlier this week, the Ministry of Manpower announced that companies will have to secure the ministry’s go ahead before they can hire expats. (Shutterstock)
December 11th, 2018 - 01:32 GMT

Oman Mulls Extension of Visa Ban for Expats


A Tunisian activist who requested anonymity told The Media Line that Kuwait’s move “has to do with the ‘unethical trade’ of Tunisian women.  (Shutterstock)
December 11th, 2018 - 01:27 GMT

Kuwait Halts Tunisian and Lebanese Women Work Permits Citing Lack of Male Guardian

The minister reiterated that the financial statements for the first half of 2018 confirm the strength of the economy and that the country has overcome the ‘blockade’ imposed by Saudi Arabia and its allies. (Shutterstock)
December 11th, 2018 - 01:20 GMT

Qatar Projects Its 2019 Budget to Be Surplus

Expo 2020’s theme of ‘Connecting Minds, Creating the Future’ extends to the inclusion of People of Determination in the Expo 2020 Volunteers programme, as well as internships. (Shutterstock)
December 10th, 2018 - 04:23 GMT

Dubai Expo 2020 Extends Call for Job Applications to People of Determination

ADNOC’s Blockchain pilot has provided a single platform that tracks the quantities and financial values of each bilateral transaction between ADNOC’s operating companies, automating the accounting process. (Shutterstock)
December 10th, 2018 - 04:18 GMT

ADNOC to Use Blockchain in Oil and Gas Production Value Chain

The drugs are believed to have been shipped over from South America on a commercial vessel before being transferred onto a smaller fishing boat and brought ashore in Morocco. (Shutterstock)
December 10th, 2018 - 04:12 GMT

Morocco Seizes More Than Tonne of Cocaine in Latest Drugs Ambush

One must be more selective when it comes to choosing effective social media influencers. (Shutterstock)
December 10th, 2018 - 04:06 GMT

Opinion: How Social Media Influencers Should Handle the Advertising Market

The World Bank has also warned that Lebanon could lose loans if a prolonged political deadlock means they are not used. (Shutterstock)
December 10th, 2018 - 03:52 GMT

Lebanon Might Lose International Aid as No Cabinet Is in Sight

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