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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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Renewed buying comes after the US went back on its pledge to zero Iran’s oil exports and give waivers to eight major clients of the country. (Shutterstock)
November 21st, 2018 - 05:34 GMT

Japan, South Korea to Resume Oil Imports From Iran

The Iranian fleet is ranked 21st among national fleets, with over 700 vessels operating in the Caspian Sea, Persian Gulf and Gulf of Oman. (Shutterstock)
November 21st, 2018 - 05:29 GMT

Iran Accuses US of Breaching International Maritime Laws

Interestingly, Iran led the slump in demand for gold jewelry in the region with a 35% drop to 6.6 tonnes in the second quarter. (Shutterstock)
November 21st, 2018 - 05:25 GMT

Iran Turns to Gold to Stave off US Sanctions Effect on Economy

The UAE is among world's top 20 largest exporters of steel to the US, exporting around 0.29 million metric tonnes annually. (Shutterstock)
November 21st, 2018 - 05:19 GMT

Could the Dh 90 Billion Bilateral Trade Between US and UAE Help Write off Steel and Aluminum Tariffs?

Other designated entities include Iran-based Tadbir Kish Medical and Pharmaceutical Company and the Moscow-based Mir Business Bank. (Shutterstock)
November 21st, 2018 - 05:14 GMT

US Launches Sanctions on Iranian and Russian Oil Shippers to Syria

Jeddah’s central vegetables market, which is the largest wholesale market in the Kingdom, is witnessing a drop in supplies, pushing up the prices of green leaves. (Shutterstock)
November 21st, 2018 - 05:08 GMT

Labour Shortage and Bad Weather Cause Price Hikes in Saudi Produce

Dubai has a character that is uniquely its own and it shines through even in the newer developments. (Shutterstock)
November 21st, 2018 - 05:02 GMT

The Evolution of Dubai's Property Market

The industry last year generated $25 million in cinema ticket sales, ACC estimates, and with earnings hard to come by, filmmakers tend to stick to popular genres such comedy and action. (Shutterstock)
November 20th, 2018 - 07:21 GMT

When Will Investors Realise the Financial Benefits of Investing in Arab Filmmakers?

The Bahraini delegation met with Vice Mayor of Shenzhen, Ai Xuefeng, and a number of local government officials and business leaders at the Bahrain – Shenzhen Business Forum and the China High-Tech Fair. (Shutterstock)
November 20th, 2018 - 07:16 GMT

Bahrain Joins China's Bandwagon With 8 Landmark MoUs

In the study, researchers at University of Hawaii at Manoa examined how the rapid increase in the use of cryptocurrency like bitcoin would harm the climate. (Shutterstock)
November 20th, 2018 - 07:12 GMT

How Does Bitcoin Mining Affect Climate Change?

Approximately 60 per cent of men said that they were against their wives working in a work place where males were present, 44 per cent of which stated that “she might be harassed” as a reason. (Shutterstock)
November 20th, 2018 - 07:07 GMT

Jordan's Female Workforce Faces Pushback From Male Relatives

"[We have] decided that Germany should impose an entry ban on 18 Saudi citizens, who are presumed to be in connection with this deed, in the Schengen information system," Maas told reporters. (Shutterstock)
November 20th, 2018 - 07:02 GMT

Germany Applies Sanctions on 18 Saudis Over Khashoggi Murder

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