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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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During the event
February 11th, 2016 - 05:54 GMT

Emirates Islamic CEO wins ‘Best Emiratisation CEO Award 2015’ for second consecutive year

In December 2015, 72 contracts were awarded for projects for the Expo 2020 in Dubai. (Twitter)
February 11th, 2016 - 05:28 GMT

GCC must bridge funding gaps with public-private partnerships: S&P

The SCTNH is attracted to Morocco's long-term experience in working with rural populations while boosting tourism. (Trip Advisor)
February 10th, 2016 - 02:00 GMT

Saudi Arabia turns to Morocco for desert tourism inspiration

A fall in Russian visitors to the UAE has dented the airline's profits. (File photo)
February 10th, 2016 - 01:30 GMT

Flydubai's profits tank 60 percent on strong dollar

The exclusive multi-year output deal with Gulf Film will bring films such as Dirty Grandpa, starring Zak Efron and Robert DeNiro, to OSN screens. (Scoopnest)
February 10th, 2016 - 01:00 GMT

OSN signs multi-year deal with Gulf Film

The IPOs are expected to relate to the retail and food sectors. (File photo)
February 10th, 2016 - 12:00 GMT

Egypt's Beltone Financial plans IPOs worth $1.3B

A successful bid for Doha would require a compromise due to soaring temperatures. (Shutterstock/Lazy Llama)
February 10th, 2016 - 11:52 GMT

Summer Olympics in 50C? Qatar considers 2028 Olympics bid

As more Instagram users juggle business and personal accounts, Instagram has finally launched support for multiple accounts. (Shutterstock)
February 10th, 2016 - 11:31 GMT

It's finally here: Instagram launches multiple accounts support

Royal Jordanian
February 10th, 2016 - 11:22 GMT

Royal Jordanian closes an oversubscribed US$ 275 million loan facility

During the event
February 10th, 2016 - 11:16 GMT

Imdaad recognized by Dubai Customs for significant contributions

Job interviews work both ways, and the questions you ask show a potential employer that you're the right person for the job. (Shutterstock)
February 10th, 2016 - 11:11 GMT

How to stand out in an interview? Ask your future employer the right questions

Huawei
February 10th, 2016 - 11:10 GMT

International experts and media praise Huawei Mate 8

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