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BUSINESS

BUSINESS latest

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 new showroom is the 11th store for the brand across the UAE and there are plans to open four more showrooms in the first quarter of 2018 that will have the same interiors.
January 15th, 2018 - 11:56 GMT

King Koil Opens Flagship Store in UAE

The Capital Markets Authority (CMA) board issued its resolution to adopt the updated instructions on Book Building and Allocation of Shares in IPOs. (AFP)
January 15th, 2018 - 11:56 GMT

CMA Adopts Updated Instructions on Book Building and Allocation of Shares in IPOs

Saudi Aramco, along with leading automakers, is pursuing research programs to develop and prove novel fuel and engine solutions capable of creating significant competitive and environmental advantages.
January 15th, 2018 - 11:45 GMT

Saudi Aramco Participates in North American International Auto Show

Kuwait has ordered all ministries to prepare their lists of expats to expel by March 2019. (Shutterstock)
January 15th, 2018 - 11:43 GMT

Kuwait Pushes Ahead With Kuwaitization of Government Jobs

Following the official opening, Sheikh Hasher toured the exhibition halls, meeting with exhibitors who have gathered here for the 24th edition of CABSAT. (Courtesy SG)
January 15th, 2018 - 11:42 GMT

Three-Day CABSAT Event Opens Doors to Over 13,000 Industry Professionals

As part of the Ministry’s Advanced National Talent Development Program, the MoU was signed to promote the development of Saudi youth’s skills in the financial sector.
January 15th, 2018 - 11:41 GMT

Minister of Finance Signs MoU to Boost Financial Skills Among Saudi Youth

KPMG in Saudi Arabia will continue to invest in expertise and solutions.
January 15th, 2018 - 11:39 GMT

KPMG Achieves Double-Digit Growth in Saudi Arabia

The automotive showroom was sponsored by a private Saudi dealership offering an assortment of 2018 models and brands. (AFP)
January 15th, 2018 - 11:34 GMT

Le Mall in Jeddah Hosts Saudi Arabia’s First Women-Only Car Show

According to the Emirates, passengers can enjoy additional baggage allowance in Economy Class to select destinations.
January 15th, 2018 - 11:27 GMT

Emirates Offers up to 45 Kilos Free Baggage to Passengers From Dubai

It also came second globally in the in the fifth edition of the Islamic Finance Development Report and Indicator.
January 15th, 2018 - 11:27 GMT

Bahrain Tops Regional Islamic Finance Table

The Springboard programme was created in partnership with the Ministry of Tourism and the British Council.
January 15th, 2018 - 10:56 GMT

Ooredoo Oman Honors Team ‘Waslat ‘Aafyah’ From Its Springboard Program

Mashreq’s presence in Bahrain started in 1981, in line with the strong relationship and cooperation between the GCC countries.
January 15th, 2018 - 10:44 GMT

Mashreq Bank Celebrates Celebrates 50 Year Anniversary in Bahrain

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