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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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How Saudi Labor Law Serves Women. (Shutterstock)
May 9th, 2018 - 09:00 GMT

How Saudi Labor Law Serves Women

The study showed that the potential impact on the UAE economy in just 2 years time at 2020 is estimated at $14.5 billion. (Shutterstock)
May 9th, 2018 - 07:56 GMT

Hunt for Skilled Workers May Cost $8.5 Trillion to Global Economy by 2030

Trump announced the US will pull out of the landmark nuclear accord with Iran. (Courtesy of AP/ KhT)
May 9th, 2018 - 07:41 GMT

UAE, Saudi Arabia Welcome Trump's Decision on Iran Nuclear Deal

The high-speed electric train is designed to travel at speeds of more than 300 kilometers per hour and is considered the fastest in the Middle East. (Courtesy of SPA)
May 8th, 2018 - 11:00 GMT

Saudi Haramain Train to Start Service in September

Financials are 40 per cent of the Tadawul index and the economic reforms has led to a valuation rerating of Saudi bank shares. (AFP)
May 8th, 2018 - 09:00 GMT

Saudi Equities World's Second Best-Performing Stock Market in 2018 After Egypt

There are many Qatari investment in Greece in energy, tourism, hospitality and real estate sectors. (Shutterstock)
May 8th, 2018 - 08:00 GMT

Qatar and Greece to Boost Trade Volume

Prime Minister Hani Mulki directed the economic team of the government and all ministers to maintain a dialogue with all concerned bodies on the law. (AFP/ File)
May 8th, 2018 - 07:42 GMT

Jordan Government Approves Mandating Reasons for Amended Income Tax Law

IMF has marginally raised Saudi Arabia’s 2018 economic growth forecast to 1.7%. (Shutterstock)
May 8th, 2018 - 07:00 GMT

IMF: Saudi Arabia’s Economy Seen to Grow to 1.7 Percent in 2018

Apartment and villa rents fell on average by 3 per cent (quarter on quarter) in Abu Dhabi in the first 3 months of 2018. (Shutterstock)
May 8th, 2018 - 05:48 GMT

Abu Dhabi House Rents Continue to Soften in Q1 of 2018

Riyadh would sign economic and defence agreements with Sudan soon. (Shutterstock)
May 7th, 2018 - 10:00 GMT

Saudi Arabia to Sign Economic and Defence Cooperation With Sudan

Egypt is predicted to achieve an average economic growth of 6.63 percent per year for the next 8 years until 2026. (Shutterstock)
May 7th, 2018 - 09:00 GMT

Egypt Ranked 3rd Fastest Growing Economy In The World

The plan is to bring various e-services under one umbrella and make paying for these disparate services easier. (Shutterstock)
May 7th, 2018 - 08:00 GMT

Oman's Next Challenge, Integrating E-Services in the Sultanate

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