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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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Social media has given birth to a new kind of celebrities; influencers. (Shutterstock)
November 25th, 2018 - 07:01 GMT

How Are E-Media Licences Reshaping the Influencer Marketing Sector in UAE?

Bin Salman 'lost' world's most expensive Da Vinci painting, experts fear. (AFP)
November 25th, 2018 - 06:54 GMT

Did Bin Salman Lose the Most Expensive Painting in the World?

All the much-needed austerity measures and economic visions set by GCC governments are now leading the recovery of their respective economies. (Shutterstock)
November 25th, 2018 - 06:49 GMT

GCC Markets Are Recovering, but Not Because of Oil This Time


Most new projects are being implemented by national ministries and agencies. (Shutterstock)
November 25th, 2018 - 06:20 GMT

Saudi Pumps More Than $40 Billion Into New Development Projects

The Senate and House have both approved versions of a bill that would authorize the Justice Department to make a case against OPEC. (AFP)
November 25th, 2018 - 06:04 GMT

Trump's Administration Might Sue OPEC for Price Fixing

The Asian nation was among the countries that gained exemptions to keep importing Iranian oil, with a waiver for importing 360,000 barrels a day. (Shutterstock)
November 25th, 2018 - 05:58 GMT

Despite Sanctions, China Green-Lights Iranian Oil Imports

Iran issues electronic Visas for foreign tourists in 110 domestic and international airports. (Shutterstock)
November 25th, 2018 - 05:54 GMT

Will Iran's Latest Tourism Stunt Help It Survive the Sanctions?

The decision to stage the general strike “is part of effort to defend national sovereignty and independence of national decision,” UGTT Secretary-General Noureddine Taboubi said in press statements. (AFP)
November 25th, 2018 - 05:46 GMT

Tunisian Workers Announce Nationwide Strike on Jan 17

Our editorial team put together our top 4 podcasts from the region. Obviously, we have two favorites (Al Bawaba)
November 22nd, 2018 - 11:12 GMT

Top 4 Podcasts From the Middle East

Lebanese Prime Minister Saad Hariri speaks at the CEDRE conference in Paris on April 6, 2018. (Eric FEFERBERG / AFP)
November 22nd, 2018 - 06:04 GMT

Lebanese Politicians Jeopardising the $ 11 Billion CEDRE Deal

“Qatar represents a very important market for France with exports exceeding 1.3 bn euros in 2017." (Shutterstock)
November 22nd, 2018 - 05:59 GMT

France Eager to Expand on Its 1.3 Billion Euros Exports With Qatar

The biggest problems the region faces is lack of infrastructure. "We have a plan to build a free zone in Turkey's southern province Kilis," Mustafa said. (Shutterstock)
November 22nd, 2018 - 05:53 GMT

Turkish-Liberated Syrian Region Boats 4,000 Functioning Firms

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