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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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The project is a step to ease the congestion of train vehicles, especially heading to Upper Egypt. (IndiaToday)
June 7th, 2018 - 08:43 GMT

Egypt to Introduce Double Decker Trains by the End of This Year

Oman's government is planning to permit the recruitment of non-Omani workers under temporary employment licenses in specific specialised jobs for a set period of time. (Shutterstock)
June 7th, 2018 - 08:38 GMT

Oman Working on New Temporary Work Permits for Expats

Dubai's hospitality industry will continue to expand beyond 2020. (Shutterstock)
June 7th, 2018 - 08:04 GMT

Dubai Tourism Has Room to Grow Beyond 2020

Abu Dhabi Investment Authority (ADIA) is the biggest real estate investor in the world with about $62 billion worth of assets under management. (Shutterstock)
June 7th, 2018 - 07:39 GMT

Abu Dhabi Takes Top Place in Global Real Estate Investment League Table

The first meeting of the Saudi-Emirati Coordination Council in Jeddah. (SPA)
June 7th, 2018 - 07:32 GMT

Saudi Arabia, UAE Boost Cooperation as Multiple Joint Projects Announced

Musleh Mousa Hassan, a 73-year-old Lebanese national just won $1 million in a raffle for the second time. (Khaleej Times)
June 6th, 2018 - 11:32 GMT

Expat Wins $1 Million Twice in Dubai Duty Free Raffle

Abu Dhabi’s stimulus plan follows the announcement last month of a package of measures by Dubai’s ruler and the prime minister of the United Arab Emirates, Sheikh Mohammed Bin Rashid. (File Photo)
June 6th, 2018 - 11:24 GMT

Abu Dhabi Announces Three-Year Dh50 Billion Stimulus Programme

The governorate with the highest unemployment rate in the first quarter of 2018 was Maan with 21.9 per cent, while Karak registered the lowest rate with 15.9 per cent. (Shutterstock)
June 6th, 2018 - 10:21 GMT

Unemployment Rises to 18.4% in First Quarter of 2018 in Jordan

Target growth stands at 5.8% of the GDP. (Shutterstock)
June 6th, 2018 - 09:50 GMT

10 Things You Need to Know About Egypt's New Budget

New vehicles sales dropped by 10-30 per cent (depending on the brand) in the first quarter of 2018. (Shutterstock)
June 6th, 2018 - 09:25 GMT

After Slow First Quarter, New Car Sales Start Picking Up in UAE

Raj Kundra, husband of actress Shilpa Shetty. (AFP)
June 6th, 2018 - 08:14 GMT

Bitcoin Scam: Raj Kundra Summoned by Enforcement Directorate

The happiest people and most capable of striking a balance between work and life do not necessarily work fewer hours. (Shutterstock)
June 6th, 2018 - 07:46 GMT

Bahrain Ranks Second on This Global List

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