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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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U.S. President Donald Trump criticized Saudi Arabia’s announced plan to cut oil production. (Shutterstock)
November 13th, 2018 - 07:36 GMT

Trump Furious Over Saudi Oil Production Cuts Plan

Out of the 346 workers who were arrested, 169 were “fugitive workers”, 162 were “freelance workers” and 15 were undocumented workers. (Shutterstock)
November 13th, 2018 - 07:31 GMT

Oman Cracks Down on Expats With Hundreds of Arrests and Deportations

US Grants Turkey 25 Percent Exemption From Iran Sanctions. (Shutterstock)
November 12th, 2018 - 09:29 GMT

US Grants Turkey 25 Percent Exemption From Iran Sanctions

Terminals, the recently-established operator of the first phase of Hamad Port in Qatar, is scouting for opportunities in the Black Sea region as part of its strategy to expand internationally. (Shutterstock)
November 12th, 2018 - 09:18 GMT

Qatar Taps Into 16 Percent of the World’s Container Traffic With Black Sea Operations

What the Iranian officials said that the US is not able to zero Iran's oil exports was proved with the US recent admission. (Shutterstock)
November 12th, 2018 - 08:59 GMT

Can Iran Sustain Its Crude Oil Exports Without the EU?

A senior Iranian trade official announced that the country has increased its exports to the African states to a considerable extent. (Shutterstock)
November 12th, 2018 - 08:50 GMT

Iran Adds Africa to Its List of Saviours, as Exports Increase by 17 Percent

Sanctions will mostly pressure the people of Iran by depriving them from needed drugs and food. (Shutterstock)
November 12th, 2018 - 08:41 GMT

How Are the Food and Medicine Imports Affected by the US Sanctions on Iran?

The Petroleum & Petrochemicals platform has a balanced portfolio of integrated projects and companies, whose activities cover the various stages of the total supply chain of the oil, gas, refining and petrochemical industries. (Shutterstock)
November 12th, 2018 - 08:30 GMT

Mubadala Pumps AED 150 Billion Into Its Oil Investments

Nasdaq Dubai provides IsDB and its other regional and international issuers with a first class listing infrastructure as well as close links to investors around the world. (Shutterstock)
November 12th, 2018 - 08:22 GMT

Nasdaq Dubai Approves Listing of a 650 Million Euro Sukuk

Cooperation between OPEC and non-OPEC members will continue till 2020 to ensure a balanced oil market. (Shutterstock)
November 12th, 2018 - 08:17 GMT

OPEC Trying to Sustain Market Confidence Amidst Global Uncertainties

Bahrain, China to Want to Expand on Their $1.7 Billion Trade. (Shutterstock)
November 12th, 2018 - 08:11 GMT

Bahrain, China to Want to Expand on Their $1.7 Billion Trade

The sanctions regime is complicated by Pompeo’s suggestion that oil customers should pay through accounts earmarked for humanitarian items. (Shutterstock)
November 12th, 2018 - 07:59 GMT

What Have the US Sanctions on Iran Accomplished so Far?

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