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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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Saudi Arabia's Deputy Crown Prince Mohammed bin Salman. (AFP)
July 11th, 2018 - 08:28 GMT

Saudi Arabia Faces Hiring Crisis Due to 800,000 Expats Exodus

The Indian and Pakistani currencies have been consistently hitting new lows over the last few months with the former reaching 18.8 against the UAE dirham last month while the Pakistani rupee has plunged below 33. (Shutterstock)
July 10th, 2018 - 10:40 GMT

UAE Expats Elated as Dirham Gets Stronger Against Asian Currencies

Jordan submitted a request to the EU requesting the inclusion of more facilities under the relaxed rules of origin deal, which was signed with the EU in 2016. (Shutterstock)
July 10th, 2018 - 10:30 GMT

EU Declines Jordan's Request for Extra Facilities

Chinese Ambassador in Amman Pan Weifang speaks during a press conference in Amman on Monday. (JT)
July 10th, 2018 - 10:22 GMT

China to Increase Investments in Jordan

The short-term plan entails annual plan that deals with the current situation and works on accommodating Kuwaitis who are looking for jobs based on their qualifications. (File/Photo)
July 10th, 2018 - 10:15 GMT

No Opportunities for Expats With Non-Specialized Skills in Kuwait

Prime Minister Omar Razzaz addresses the Lower House with his government’s policy statement on Monday. (JT)
July 10th, 2018 - 09:33 GMT

Razzaz Presents Policy Statement to Lower House Seeking Confidence

Cultural and musical festivals in various Lebanese regions kicked off last month and would intensify in July - a key factor that attracts European and American tourists. (Shutterstock)
July 10th, 2018 - 09:27 GMT

Lebanon Hosts More European Tourists Than Gulf Visitors in 2018

Hashish has long been cultivated illegally in Lebanon, particularly in the Bekaa Valley, historically a stronghold for Hizballah and other outlaw groups. (Shutterstock)
July 10th, 2018 - 08:56 GMT

Legalizing Cannabis Can Solve Lebanon's Economic Crisis

QC has been a pioneer in its relief interventions. (QT)
July 10th, 2018 - 08:47 GMT

Almost 2 Million Benefit From Qatar Charity's Relief Assistance

Syrian refugees have already started returning to their country over the past few months. (Shutterstock)
July 10th, 2018 - 08:40 GMT

Lebanese Economy Is ‘on Brink of Collapse’

Bitcoin was trading at $6,640.4. (Shutterstock)
July 10th, 2018 - 08:31 GMT

Bitcoin Slips Again; Was China’s Crypto Ban the Right Move?

French Minister of the Armed Forces Florence Barley (L) and Saudi Crown Prince Mohammad bin Salman. (AN)
July 9th, 2018 - 10:25 GMT

New Military Agreement Between Saudi Arabia and France

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