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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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Iranian government earns budget from various sources including the revenues and offering capital assets and divesting financial assets to the private sector. (Shutterstock)
September 13th, 2018 - 08:49 GMT

Iran's Tax Revenues Surpass $8.5 Billion in 4 Months

The Jordanian minister said the Qatari authorities are interested in implementing projects in the tourism and energy sectors in the kingdom. (Shutterstock)
September 13th, 2018 - 08:40 GMT

Qatari $500 Million Investments Eye Tourism and Energy Sectors in Jordan

The DIFC has been seeing a consistent influx of foreign companies. (Shutterstock)
September 13th, 2018 - 07:24 GMT

Dubai Ranks 15th Worldwide in Global Financial Centre Index

OPEC opened the flood gates this summer by increasing crude oil production by 278,000 barrels a day from July to August. (Shutterstock)
September 13th, 2018 - 07:09 GMT

OPEC Ups Production to 278,000 Barrels a Day

Saudi Arabia raised $50 billion through international conventional and Islamic bonds. (Shutterstock)
September 13th, 2018 - 06:57 GMT

Saudi Arabia New Dollar Sukuk Sale to Follow a $9 Billion Debut Last Year

The 16.3% increase reflects more favourable conditions for wealth creation despite volatile geopolitics. (Shutterstock)
September 13th, 2018 - 06:39 GMT

Wealth of UHNW Reaches $31.5 Trillion, With Middle East Fourth-Largest Region

This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in India, highlighting QPSPP push for more direct sales with established end-users. (Shutterstock)
September 13th, 2018 - 06:21 GMT

Qatar to Supply India With 600,000 Tonnes of Naphtha Over 3-Year Deal

The country’s budget might increase to KD 40 billion, and the number of expatriates will increase to five million with the opening of the Silk City Project. (Shutterstock)
September 13th, 2018 - 06:07 GMT

Expats to Hit 5 Million Mark in Kuwait With Opening of Silk City Project

As usual, the campaign was followed by large number of press releases flooded by the labor ministry in all local media outlets. (Shutterstock)
September 13th, 2018 - 05:28 GMT

Opinion: Is Saudization a Mirage Investment?

Turkish Petroleum Corporation to make investments in Sudan worth $100 million, says agriculture and forestry minister. (Shutterstock)
September 12th, 2018 - 06:47 GMT

Turkey, Sudan Ink Deals Worth $100 Million on Oil Exploration and Agriculture

Iran to Use Technology for Food Products. (Tehran Times)
September 12th, 2018 - 06:41 GMT

Ahead of Sanctions, Iran to Use Technology for Food Products

Iraqi passengers disembark from a train coming from Baghdad as it arrives in the city of Fallujah in Anbar province, about 70 kilometers west of the capital. (AFP)
September 12th, 2018 - 06:37 GMT

Hope Thrives as Iraq Reopens Railway Between Baghdad and Fallujah

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