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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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Qatar is opening up almost all the economic sectors through 100% FDI. (Shutterstock)
September 26th, 2018 - 06:15 GMT

New FDI Law to Position Qatar a Centre for Trade/Re-Exports

‘Epicure Investment’ with an initial capital of QR1.8mn in the Qatar Financial Center (QFC).
September 26th, 2018 - 06:09 GMT

Qatar Welcomes a New QR 1.8 Million Investment Company

In the previous year, Indian exports to Qatar had totalled close to $800 Million. (Shutterstock)
September 26th, 2018 - 06:04 GMT

India’s Exports to Qatar Reach $1.5 Billion in 2018

UAE imports from the Kingdom reached Dh244.2 billion ($67 billion) during the monitored period and exports to Dh144.8 billion ($39.7). (Shutterstock)
September 26th, 2018 - 05:18 GMT

How Did UAE and Saudi Build Their $196 Billion Non-Oil Trade Ties?

Five per cent VAT is expected to produce revenues of over $25 billion per annum for the six GCC countries. (Shutterstock)
September 26th, 2018 - 05:14 GMT

Bahrain Next in Line to Implement VAT in GCC

The competition includes creating technologies for all aspects of spacecraft manufacturing. (Shutterstock)
September 26th, 2018 - 05:10 GMT

UAE Is on the Look-out for the Next Space Startups

Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because US sanctions. (Shutterstock)
September 25th, 2018 - 06:26 GMT

Volvo Exists Iran Due to US Sanction

Commercials will typically trigger gold to fall through support levels and as Managed Money sells. (Shutterstock)
September 25th, 2018 - 06:20 GMT

If You've Invested in Gold, You Might Want to Read This

The project will support women and youth. (Shutterstock)
September 25th, 2018 - 06:12 GMT

Jordan to Tackle Support Issues for Startups With $98 Million Fund

The volume of trade exchange between Jordan and Spain is currently at JOD430 million, compared to JOD230 million in 2013. (Shutterstock)
September 25th, 2018 - 06:06 GMT

Trade Between Jordan and Spain at JOD 430 Million

The medical insurance segment posted a net profit margin of 3.5 percent in 2017 compared to 4.6 percent in 2016. (Shutterstock)
September 25th, 2018 - 05:55 GMT

Insurance Companies Struggling as Healthcare Costs Rise in Lebanon

The fraudsters would resort to "fake" phishing methods to convince the victim that they have access to personal information. (Shutterstock)
September 25th, 2018 - 05:33 GMT

Beware of This New Phone Scam in the UAE

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