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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 research found that in the UAE, AI will have the greatest impact on the financial services, healthcare, and transport and storage industries, with increases of $37 billion, $22 billion and $19 billion. (Pixabay)
May 22nd, 2018 - 06:35 GMT

AI to Add $182 Billion to UAE Economy by 2035

Geopolitical shocks have been a recurrent theme in the international oil market. (Shutterstock)
May 21st, 2018 - 07:52 GMT

Is the Oil Market About to Endure a Rough Ride?

The Haramain high-speed rail link is among the Saudi infrastructure projects catching the attention of international investors. (AN)
May 21st, 2018 - 07:44 GMT

Could Saudi Arabia Become the China of the Middle East?

Because Bitcoin is decentralized, there’s no way to know exactly how much power it uses. (Shutterstock)
May 21st, 2018 - 07:38 GMT

Bitcoin’s Massive Power Usage Explained in New Analysis

Investors can have 100 per cent ownership of their companies in the country. (Twitter)
May 21st, 2018 - 07:34 GMT

UAE Allows 100 Percent foreign Ownership of Businesses

Everyone agrees that Hezbollah can always find ways to bypass the “American fist” around it. (AFP/File)
May 20th, 2018 - 08:26 GMT

The Repercussions of the New Sanctions Against Hizbollah on the Lebanese Business Sector

SABB, which is 40 percent owned by HSBC Holdings, and Alawwal said in April last year they had agreed to start talks on the merger. (Courtesy of SABB)
May 20th, 2018 - 08:15 GMT

Third Largest Bank in Saudi Arabia to Be Created With Alawwal and SABB Merger

Dubai has been ranked the 28th expensive place for construction and rated "lukewarm" for tendering conditions. (Shutterstock)
May 20th, 2018 - 08:08 GMT

UAE Offers One of the Lowest Construction Costs in the World

The conditions state that in order to refund VAT, applicants must be UAE national. (Shutterstock)
May 20th, 2018 - 07:08 GMT

4 Steps to Refund VAT for UAE Nationals

Cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Lite and Dash, are taking the world by storm. (Shutterstock)
May 17th, 2018 - 12:00 GMT

Are Cryptocurrencies Really the Future of Money?

An agreement to build the giant 200-gigawatt project was signed by Crown Prince Muhammad Bin Salman and SoftBank Group Corporation in New York in March. (Pixabay)
May 17th, 2018 - 11:00 GMT

Solar Power: The New Saudi Oil

He faced charges of embezzlement of public funds and gaining unauthorised access into an e-system, at the Court of First Instance. (Pixabay)
May 17th, 2018 - 07:48 GMT

Ministry's Employee Embezzles Over Dh400,000 From Workplace

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