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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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US Actions May Destabilize Oil Market. (Shutterstock)
November 6th, 2018 - 08:12 GMT

Russia Says US Actions Undermine Opec+ Efforts

The conference will address the continent’s social, economic and political challenges and the available incentives to promote business in Africa. (WAM)
November 6th, 2018 - 08:07 GMT

‘Africa Investment Conference’ Coming to Dubai

Hotels are increasingly looking out for local talent across operational and functional areas as part of their commitment to Emiratisation. (Shutterstock)
November 6th, 2018 - 08:00 GMT

UAE Hospitality Sector Pivotal in Emiratisation With Booming Hotel Industry

All products and services will remain the same under the FAB Islamic brand. (File/ photo)
November 6th, 2018 - 07:49 GMT

FAB Enters the Islamic Banking Arena

Bahrain has lower costs than any other Gulf Cooperation Council (GCC) country for cross-border internet connectivity, a critical metric for an ICT hub. (Shutterstock)
November 6th, 2018 - 07:44 GMT

Bahrain Leads the GCC's $1.5 Trillion Market in Terms of Doing Business

The impact of the sanctions was felt early on, with their announcement in May driving many companies to abandon Iran, causing the value of its currency to plummet. (Shutterstock)
November 6th, 2018 - 07:27 GMT

US Sanctions on Iran Go Beyond Oil

US top market for Turkish carpet exports, says head of carpet exporters association.
November 6th, 2018 - 07:17 GMT

Turkey Escorts the US on a $500 Million Carpet Ride, as Iran Sanctions Go Live

Iran Positive No One Can Replace Its Oil Output, Despite Saudi and US Claims. (Shutterstock)
November 6th, 2018 - 07:05 GMT

Iran Positive No One Can Replace Its Oil Output, Despite Saudi and US Claims

After the introduction of VAT in a country, businesses discover that their entire business ecosystem are also part of their business. (Shutterstock)
November 5th, 2018 - 08:55 GMT

What to Look out for When VAT in Bahrain Is Implemented

Boost to oil and gas output to help firm become self-sufficient. (File/ photo)
November 5th, 2018 - 08:43 GMT

UAE's ADNOC to Increase Oil Output Thanks to Dh486 Billion Government Back-Up

The financing is the largest project financing and the largest Shari'ah-compliant facility for a green field project in Oman. (Shuterstock)
November 5th, 2018 - 08:36 GMT

Oman’s Duqm Refinery Gets $4.6 Billion Project Financing

The bigger chunk of the increase, $13.2 billion, is the result of an increase in debt-servicing costs over the past year, including paid installments of $11.1 billion and interest payments of $2.1 billion. (Shutterstock)
November 5th, 2018 - 08:30 GMT

Egypt's Foreign Debt to Reach $98.863 Billion by End of Fiscal Year

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