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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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on Friday that the Cabinet's decision to exempt and reduce the sales tax on a number of food items and the agricultural sector, went into effect. (Shutterstock)
September 24th, 2018 - 06:48 GMT

Jordan's Reduced Taxes Goes Live

In Tir, from the total of $10.66 billion of foreign debt, $6.72 billion was interim debt and $3.94 billion was long-term debt. (Shutterstock)
September 24th, 2018 - 06:43 GMT

Iran's External Debt at $10.66 Billion, Down 5.6 Percent

Turkey is eager to use local currencies in bilateral trade deals to counter attacks by the U.S. (Shutterstock)
September 24th, 2018 - 06:33 GMT

Turkey Trade Goes Local on Currency to Counter US Attacks

Remittances from Kuwait fell by 20.4 percent despite the resumption of OFW deployment last May. (Shutterstock)
September 24th, 2018 - 06:18 GMT

Why Are Filipinos in the Middle East Sending Less Money Back Home?

Blockchain is one of the most promising of these technologies, attracting more investments every year. (Shutterstock)
September 24th, 2018 - 06:04 GMT

Dubai Launches Blockchain-Based Payment System to Boost Government Efficiency

DP World confirmed last week it will continue to pursue all legal means to defend its rights as shareholder and concessionaire in the Doraleh Container Terminal. (File/ Photo)
September 24th, 2018 - 05:58 GMT

UK Court Rules in Favour of DP World Case in Djibouti

Trade and economic relations between the UAE and Saudi Arabia are the largest among the GCC countries. (Shutterstock)
September 24th, 2018 - 05:50 GMT

UAE, Saudi to Create the Largest GDP in GCC With $1.1 Trillion

The volume of Qatar-US bilateral trade reached around QR21 billion in 2017. (Shutterstock)
September 23rd, 2018 - 08:00 GMT

Qatar, US Eager to Increase Their Qr21 Billion Bilateral Trade

Discussions covered Jordan’s ties and partnership with the WEF. (Shutterstock)
September 23rd, 2018 - 07:50 GMT

Jordan to Host World Economic Forum 2019

Remittances to home countries surged by 13.1 per cent to Dh88 billion. (Shutterstock)
September 23rd, 2018 - 07:39 GMT

Indian Expats Remittances From UAE Soar to Dh88 Billion

The strategy of many prime hotels in the country includes proactively promoting Qatar as a primary tourist destination and tapping newer markets. (Shutterstock)
September 23rd, 2018 - 07:32 GMT

World Cup 2022 Will Be a Defining Moment for Qatar's Hospitality Sector

Turkey and Germany on Friday pledged to forge closer economic and strategic ties following a high-level meeting of their finance. (Shutterstock)
September 23rd, 2018 - 07:06 GMT

Turkey, Germany Eager to Maintain Their Bilateral Trade Volume of $43.6 Billion

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