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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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Dutch Minister for Foreign Trade and Development Cooperation Sigrid Kaag and her delegation meet with officials in Amman on Sunday. (Jordan Times)
June 25th, 2018 - 10:05 GMT

Netherlands Approves €400 Million in Aid for Syrian Refugee Host Countries

The domestic equity markets opening lower also put pressure on the rupee. (Pixabay)
June 25th, 2018 - 09:58 GMT

Rupee Weakens Against Dollar, Reaches 18.47 vs Dirham

The emirate is a highly cost-efficient place for startups to set up operations. (AFP)
June 25th, 2018 - 09:53 GMT

Sharjah: The SMEs’ Haven

Across the UAE, inflation rose following the introduction of a five per cent VAT in January 2018. (Shutterstock)
June 25th, 2018 - 09:42 GMT

Abu Dhabi Inflation up 3.7% Driven by Transport Costs

The Saudi exchange is still riding the wave of MSCI's announcement that it would add the stock market to its emerging markets benchmark. (AFP)
June 25th, 2018 - 09:28 GMT

Saudi Insurance Stocks Surge as Driving Ban Ends

Etihad said pilots who join Emirates on a two-year secondment would be placed on a leave of absence. (File/Photo)
June 25th, 2018 - 09:11 GMT

Etihad Pilots Can Work Temporarily for Emirates

Over 2,400 Labour Law violations were recorded by the ministry after the inspections, and a total of 279 closure warnings were issued to the organisations in conflict with the provisions of the Labour Law. (Jordan Times)
June 25th, 2018 - 08:21 GMT

Right Activists: Labour Ministry Campaign Overlooks Employers’ Violations, Working Conditions in Jordan

The official said that the campaigns resulted in arresting 6,228 illegal guest workers. (Pixabay)
June 25th, 2018 - 08:11 GMT

6,228 Illegal Workers Arrested in Jordan Since January

Earlier this month, Saudi Arabia, Kuwait and the UAE pledged $2.5 billion to help revive Jordan’s economy at the summit in Mecca gathered by Saudi King Salman Bin Abdulaziz. (Twitter)
June 25th, 2018 - 07:54 GMT

Saudi and Jordanian Business Leaders Discuss Opportunities After Mecca Summit

OPEC, Russia agree to raise output from July. (AFP)
June 24th, 2018 - 12:39 GMT

Saudi Arabia Pledges ‘Measurable’ Oil Supply Boost

As the 2020 Expo approaches, the Dubai economy is showing signs of rebounding. (Pixabay)
June 24th, 2018 - 12:24 GMT

Will Dubai's Economy Recover Anytime Soon?

Khalid Al-Hussan. (Illustration: Luis Grañena) (Arab News)
June 24th, 2018 - 12:15 GMT

After MSCI Upgrade, Tadawul Chief Turns to the Next Challenge for Saudi Arabia

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