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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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While employment levels remain consistent, only 11% of the total pool of employees studied were recruited in the last 12 months. That’s down by nearly 20% year over year, indicative of people staying in their jobs longer in an uncertain economic environment. (Korn Ferry)
September 30th, 2018 - 05:55 GMT

Can Saudi Strike a Balance Between Its Rising Inflation Rate and Uneconomic Salary Bonuses?

According to the annual Korn Ferry study which surveyed 600 companies across 20 economic sectors, 72 per cent of companies gave their employees a raise in 2018. (Shutterstock)
September 30th, 2018 - 05:37 GMT

Report: UAE Salaries on the Rise

Qatar Explores How Fintech Can Shape Its Future Economy. (Shutterstock)
September 27th, 2018 - 06:32 GMT

Qatar Explores How Fintech Can Shape Its Future Economy

Monday’s sessions were characterized by disorganization, and saw the endorsement of just five draft laws amid cacophonous debate. (AFP)
September 27th, 2018 - 06:28 GMT

Lebanon's Dysfunctional Parliament Endorses Bills Crucial to Economy and Healthcare

Sawiris praised some recent economic measures, including the flotation of the Egyptian pound.
September 27th, 2018 - 06:11 GMT

Sawiris Urges Egyptian Government to Loosen the Noose on Businesses

 "the summit will present the "success stories" of Tunisian start-ups, inform and discuss the different ecosystems, innovations and talents of Africa today and tomorrow." (Shutterstock)
September 27th, 2018 - 05:46 GMT

Tunisia Enters the Startup Race With Afric'up Summit

Bahrain EDB has already attracted a total of 76 companies, accounting for an investment of BD305 million. (Shutterstock)
September 27th, 2018 - 05:43 GMT

FDI Flow of $810 Million Into Bahrain Signals for a Hiring Boom

Iran, with such a rich history, is home to more than 1 million historical monuments, 34,000 nationally registered sites and 23 world heritage sites. (Shutterstock)
September 27th, 2018 - 05:25 GMT

With Oil Prices Dipping, Can Tourism Be Iran's Saviour Ahead of US Sanctions?

The top laptops for mining will feature the best processors and GPUs, as these are the most important parts when you’re mining for cryptocurrency. (Shutterstock)
September 27th, 2018 - 05:23 GMT

The Best Laptops in 2018 for Mining Cryptocurrencies

Central American country of El Salvador hopes their skilled professionals would get more employment opportunities in Qatar in coming years. (Shutterstock)
September 27th, 2018 - 05:14 GMT

El Salvador Wants Its Skilled Labour to Play Ball at Qatar's World Cup 2022

Saudi Arabia currently hosts 7.4 million expatriates working in various business sectors. (AFP)
September 27th, 2018 - 05:00 GMT

Opinion: Saudi's 7.4 Million Expats Are Key to a Robust International Trade

Dubai has also topped the list of global cities with the highest international overnight visitor spend for the third year in a row. (Shutterstock)
September 27th, 2018 - 04:51 GMT

Dubai Still Strong on Tourism, With $29.70 Billion Foreign Spending in 2017

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