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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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In 2017, UAE, Kuwait and Saudi Arabia registered growth in earnings of 62 per cent, 10 per cent and 9 per cent, respectively. (Shutterstock)
May 2nd, 2018 - 09:53 GMT

Corporate Earnings in the GCC Increased by 16 Percent in 2017: Markaz

12 per cent, have full-time jobs that "engage" them, defined as great jobs. (Shutterstock)
May 2nd, 2018 - 08:34 GMT

UAE Ranks Number 1 With 69 Percent of Adults in 'Good Jobs'

Almost Half a Million Expats Exit Saudi Labor Market in 3 Months. (SG)
May 2nd, 2018 - 08:20 GMT

Almost Half a Million Expats Exit Saudi Labor Market in 3 Months

Dubai and the UAE provide the ideal platform for innovative entrepreneurs and digital startups to grow globally. (Shutterstock)
May 2nd, 2018 - 07:23 GMT

UAE Number 1 in MENA Region for Investment in Startups and Number of Deals

Following the emir's visit to Rabigh last year, about 5,000 male and female university graduates were employed by the private sector. (AFP)
May 1st, 2018 - 01:00 GMT

Makkah Project to Employ Over 10,000 Saudi Youths

The announced prices are inclusive of 5 per cent VAT. (Shutterstock)
May 1st, 2018 - 08:00 GMT

UAE Increases Fuel Prices for May

Dubai topped the list of award-winning cities with 20 hotels, followed by seven hotels in Abu Dhabi and two hotels in Makkah, Saudi Arabia. (SG)
May 1st, 2018 - 07:00 GMT

Saudi, Dubai and Abu Dhabi on the Top ‘Most Wanted List’ for Hotels in the Middle East

The results indicated that the economic participation of Saudi females has increased by 19.4% compared to 17.8%. (Shutterstock)
May 1st, 2018 - 06:00 GMT

Economic Participation of Saudi Females Rises While Unemployment Rate Remains Stable

Abundant natural wonders and ancient treasures have long attracted tourists to the kingdom, traditionally seen as a haven of peace in a war-ravaged region. (Shutterstock)
April 30th, 2018 - 11:16 GMT

Jordan Woos Back Tourists After Years of Turbulence

Gold futures for June delivery on the Comex division of the New York Mercantile Exchange was down $1.20. (Shutterstock)
April 30th, 2018 - 08:34 GMT

Gold Prices Slip as Dollar Climbs

Do we see any signs of Bitcoin taking off right now? (Shutterstock)
April 30th, 2018 - 07:53 GMT

Is Bitcoin Really About to Take off to the Moon or Has It Been Shot Down?

Lebanon’s IT market will grow at 10 percent CAGR to LBP 820 billion in 2019. (Shutterstock)
April 30th, 2018 - 07:24 GMT

Internet of Things Boosts Lebanon’s IT Market to LBP 820 Billion by 2019

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