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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 Middle East cinema market is doing very well. (Shutterstock)
October 18th, 2018 - 08:31 GMT

First MENA Cinema Forum to Highlight Investment Opportunities in Region

The ministry has been keen on following up the case in the context of not allowing irregularities that contradict its laws. (Shutterstock)
October 18th, 2018 - 08:24 GMT

Kuwait Bans Gender Mixing in Sports Clubs and Health Institutes

The campaign resulted in the arrest of a Kuwaiti and 14 transvestites – 11 Filipinos, 2 Thais and an Egyptian. (Shutterstock)
October 18th, 2018 - 06:13 GMT

Kuwait Shuts Down Massage Parlors, Deports 14 Transvestites, Citing "Immoral Acts"

Constant talks are underway between the Islamic Republic and the Russian Federation to find the best approaches to reach common standards. (Shutterstock)
October 18th, 2018 - 05:56 GMT

Iran, Russia Build on Common Economic Interests to Counter US Sanctions

According to the decree published on the Official Gazette, a total of eight energy companies will make these investments. (Shutterstock)
October 18th, 2018 - 05:50 GMT

Turkey to Pump $1.5 Billion in Energy Investments in 2019

The World Economic Forum’s annual study on the global economy showed that Qatar has improved its rank by two places from last year’s 32nd place out of 135 countries. (Shutterstock)
October 18th, 2018 - 05:41 GMT

Qatar Is 2nd Most Competitive Economy in Arab World

Finding high-quality and engaging content which drives business results does not have to be difficult (Shutterstock)
October 17th, 2018 - 07:55 GMT

How a Content Marketplace Can Benefit Brands

A number of Western businesses and media outlets are backing out of Saudi projects until Riyadh explains the disappearance of journalist Jamal Khashoggi. (AFP)
October 17th, 2018 - 07:22 GMT

Hollywood Is Having Second Thoughts on Saudi as Khashoggi Case Unravels

Oman Nano City Project is expected to be launched by 2023. (Shutterstock)
October 17th, 2018 - 07:09 GMT

Iran to Usher Oman Into Nanotechnology

Tarawneh said in a press statement that the Lower House welcomed an agreement reached with Syria to reopen the border post. (AFP)
October 17th, 2018 - 07:01 GMT

Syria, Jordan Border to Boost Economy and Trade

Gold bugs are now calling for a resistance test of $1,250. (Shutterstock)
October 17th, 2018 - 06:51 GMT

As Geopolitical Tensions Increase, Gold Reigns Supreme for Third Week

The LPG industry continues to enjoy sustainable growth in China where LPG is used for domestic use and the growing petrochemical sector. (Shutterstock)
October 17th, 2018 - 04:43 GMT

Qatar to Supply China With 3 Million Metric Tons of LPG Over 5 Years

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