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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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“If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, regional managing director of Olympus Middle East and Africa. (File photo)
January 22nd, 2017 - 01:30 GMT

MENA airlines boost fleets by 650 aircraft

The growth in VR technology has been nothing but exponential. (Shutterstock)
January 22nd, 2017 - 12:46 GMT

Getting real: Will VR make your TV obsolete?

Mubadala has interests in aerospace, oil and gas, semiconductors, information and communications technologies, utilities, capital investments, real estate and infrastructure.  (Mubadala)
January 22nd, 2017 - 12:28 GMT

Abu Dhabi's Mubadala, IPIC merger formalized to create investment powerhouse

Oman Oil Marketing Company & Al Raffd fund extends Tasweik’s deadline
January 22nd, 2017 - 10:48 GMT

Oman Oil Marketing Company & Al Raffd fund extends Tasweik’s deadline

Oman Arab Bank
January 22nd, 2017 - 10:40 GMT

OAB concludes 2016 Hassad Savings Scheme with mega draw

Led by Saudi Arabia, all GCC countries are facing mounting deficit due to the plunging oil revenue.  (Shutterstock/Clicksahead)
January 22nd, 2017 - 10:00 GMT

Oman's budget deficit reaches $12.7B

Dr. Muna Al Maslamani
January 22nd, 2017 - 09:59 GMT

New Communicable Disease Hospital announces appointment of Medical Director

During the event
January 22nd, 2017 - 09:35 GMT

Masdar Institute partners with Abu Dhabi Sewerage Services Company to build human capital and improve strategic tunnel enhancement program

During the event
January 22nd, 2017 - 09:06 GMT

REDTAG underpins positive GCC sales forecast with continuation of cyrine AbdelNour celebrity brand ambassadorship


Deal making in the finance and consumer goods sectors will drop slightly in 2017 before rebounding in 2018. (Shutterstock)
January 22nd, 2017 - 09:00 GMT

MENA M&A activity to see uptick over next four years: Baker McKenzie

As with any interview, never ever show up unprepared. (Shutterstock)
January 22nd, 2017 - 08:52 GMT

How to ace your marketing job interview

Canon
January 22nd, 2017 - 08:32 GMT

Canon to sponsor Rugby World Cup 2019™ Tournament

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