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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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Dubai Airports' plans to close Dubai International's southern runway for upgrade works between April 16 and May 30, 2019. (File/Photo)
July 15th, 2018 - 09:27 GMT

Emirates to Cancel Some Flights, Reduce Frequencies in 2019

The Sharjah court dropped the case as the two parties reached an agreement. (AFP)
July 15th, 2018 - 09:14 GMT

Bounced-Cheque Case Dropped Against Abraaj Founder

Ansari spoke about the updated mobility and travel law, establishment of National Committee for Combating Human Trafficking, new initiatives to ensure social security and the settlement of disputes while respecting legal procedures. (Shutterstock)
July 14th, 2018 - 08:44 GMT

Latest Updates on Qatar's Expat Labor Sector

The feature would start rolling out from next week to YouTube creators with more than one lakh subscribers. (Shutterstock)
July 13th, 2018 - 06:00 GMT

YouTube Puts an End to Unauthorized Content Re-Uploads With This New Feature

The estimates are made in the light of a slowdown in the real estate sector and stable consumption. (Shutterstock)
July 13th, 2018 - 05:40 GMT

Lebanese Economy to Grow by Two Percent in 2018

More than 13 tribes on Wednesday announced they were backing the request of the Bani Mansour, the tribe of the protester killed by police. (AN)
July 12th, 2018 - 11:39 GMT

Basra Oil Protests Grow, Iraqi Tribes Demand Jobs in Iraq's Main Oil Hub

The Kingdom is driving development in the sector as part of its plan to diversify the economy away from oil and meet the targets outlined in the Vision 2030 reform plans. (Shutterstock)
July 12th, 2018 - 11:33 GMT

First Fintech Licenses Approved in Saudi Arabia

In March 2018, the UK and Saudi Arabia agreed a goal of £65 billion ($90 billion) of mutual trade and investment in the coming years during a meeting between the UK’s Prime Minister Theresa May and Crown Prince Mohammed bin Salman. (AFP)
July 12th, 2018 - 11:26 GMT

Brexit a Boon for UK-Saudi Arabia Trade Ties

In order to facilitate such reconstruction, China needs access to a port on the eastern Mediterranean from which to ship materials. (Shutterstock)
July 12th, 2018 - 11:18 GMT

China Eyes Investments in North Lebanon

It was the first flight in a warplane piloted by a Bahraini woman. (Khaleej Times)
July 12th, 2018 - 10:55 GMT

First Female Bahraini Royal Makes History by Flying Warplane

In Abu Dhabi, apartment and villa rents decreased by two per cent and four per cent in Q2 2018. (Shutterstock)
July 12th, 2018 - 10:46 GMT

It Is the Right Time to Rent in These UAE Cities

Russia's ability to host the world's most-watched tournament was, however, not in doubt. (Shutterstock)
July 12th, 2018 - 10:34 GMT

What Did Russia Gain From the World Cup?

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