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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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Tehran has become increasingly desperate for dollars and neighbouring Afghanistan, with a loosely regulated, dollarized economy and a border with few controls, is an obvious source. (Shutterstock)
July 1st, 2018 - 11:19 GMT

Opportunities for Afghan Money Traders as Iran Sanctions Emerge

India is seeking to increase its refining capacity to nine million barrels by the end of 2030. (AFP)
July 1st, 2018 - 10:31 GMT

The Joint Venture Between Aramco and ADNOC in India – Is There Any Mutual Benefit?

Iranian oil production is expected to fall from the fourth quarter of 2018 as US sanctions take effect. (Shutterstock)
July 1st, 2018 - 08:59 GMT

GCC Main Beneficiaries of OPEC Output Hike

The White House statement undercut a tweet by Trump earlier in the day when he wrote that Saudi Arabia had definitely agreed to produce more oil. (Shutterstock)
July 1st, 2018 - 08:48 GMT

Trump on Twitter: Saudi Ready to Increase Oil Production

According to Mercer's annual cost of living survey, Hong Kong is the most expensive city. (Shutterstock)
July 1st, 2018 - 08:33 GMT

10 Most Exorbitant Cities for Expats in 2018

The issue has caused an uproar among the expatriate community. (Shutterstock)
July 1st, 2018 - 08:20 GMT

Residents in Bahrain Protest ‘Unfair Electricity and Water Charges’

Some residents are still waiting to check if the prices will drop further. (Shutterstock)
July 1st, 2018 - 08:10 GMT

Planning to Send Money Home? Here's What Indian Expats in UAE Should Know

Occupancy in Dubai dropped by 3.4% points from April of last year, but still remained one of the highest in the region. (Pixabay)
June 30th, 2018 - 11:30 GMT

Decent Occupancy Rates in UAE Hotels Despite the Market Challenges

Super 98 will cost Dh2.56 per litre, while Special 95 will cost Dh2.45 a litre. (Pixabay)
June 30th, 2018 - 11:00 GMT

Starting From Tomorrow, Lower Petrol and Diesel Prices in UAE

The Islamic sacrament is set to take place in August. (Pixabay)
June 29th, 2018 - 01:00 GMT

More Than 50% off on Haj Travels for Pilgrims From UAE

Plus 12 items that you cannot check-in and bring to the cabin. (Pixabay)
June 29th, 2018 - 09:00 GMT

Traveling This Summer From UAE? Make Sure Your Luggage Doesn't Include These 15 Items

Rising crude oil prices have deepened concerns about the country's current account deficit. (Pixabay)
June 28th, 2018 - 02:49 GMT

Rupee Recovers to 68.95 vs Dollar

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