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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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India requires huge investment in creating infrastructure for receiving liquefied natural gas to the country. (Shutterstock)
October 15th, 2018 - 07:27 GMT

Gujarat Eyes Qatari Investments

Europe is establishing a banking system to overcome problems regarding banking relations with Tehran, the path will be soon even clearer for Tehran-London economic ties. (Shutterstock)
October 15th, 2018 - 07:12 GMT

UK Unwavering Towards Iran Under JCPOA Framework

Many rumours sought to tarnish the UAE's reputation globally. (Shutterstock)
October 15th, 2018 - 06:23 GMT

Fake News Will Cost You Dh1 Million in UAE

The Chinese envoy underscored Beijing’s strong belief in the compliance of all JCPOA-parties to their commitments, stressing the need for Iran’s economic and trade profits under the deal. (Shutterstock)
October 14th, 2018 - 03:02 GMT

Iran, China Strengthen Economic Ties to Counter US Tactics

The number of medical visitors surpassed 433,000 in last year, up 62 percent from 267,000 in 2013, TurkStat data showed. (Shutterstock)
October 14th, 2018 - 02:56 GMT

Medical Tourism Could Provide Turkey With $1.5 Billion Lifeline

Speculation continues to grow that Khashoggi was killed by Saudi authorities after entering the consulate. (AFP)
October 14th, 2018 - 02:51 GMT

The World Is Boycotting Saudi’s Investment Conference In Protest to Khashoggi Disappearance

Global economist Nouriel Roubini, who predicted the financial crisis in 2008, warned that the hype of crypto-assets is dangerous. (Shutterstock)
October 14th, 2018 - 02:37 GMT

Why Did Cryptocurrencies Experience Massive Declines on Global Stock Markets?

The scheme, which is in line with a Cabinet decision that was issued in June, will cover up to Dh20,000 per worker. (Shutterstock)
October 14th, 2018 - 02:31 GMT

New Visa System in UAE Goes Live on Monday

The slump may have started in luxury properties, but it has filtered down as Lebanon’s stagnant economy and government vacuum weighs on confidence and spending power. (Shutterstock)
October 14th, 2018 - 02:25 GMT

Lebanon Fund Hopes Diaspora Could Revive Real Estate Market

An unprecedented diplomatic breakdown between the Nato allies over the case compounded an almost 40% depreciation in the currency this year. (AFP)
October 14th, 2018 - 02:19 GMT

Turkish Bonds and Stocks Gain as US Pastor Is Freed

Iran produces 6,000 types of drugs and 280,000 goods in the field of medical equipment, which are currently available in 255 international markets. (Shutterstock)
October 14th, 2018 - 02:08 GMT

Iran Looks at Health, Medical Exports to Counter US Sanctions

Citizens with regular passports of both countries will be allowed visa-free entry. (Shutterstock)
October 14th, 2018 - 02:01 GMT

AE, Mexico Citizens to Enjoy Visa-Free Travel Agreement

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