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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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Only the UAE and Kuwait are set to post surpluses by 2021, and analysts expect all GCC countries to remain in deficit in 2017. (File photo)
January 19th, 2017 - 12:00 GMT

GCC purse-tightening to persist for the long haul: Analysts

The State of the Future report was prepared in collaboration with 21 experts from organizations such as NASA, NYU Langone Medical Center, MIT, ConsenSys, and the SENS Research Foundation.  (Shutterstock)
January 19th, 2017 - 11:00 GMT

UAE releases 112 predictions on 'The State of the Future' at Davos

During the event
January 19th, 2017 - 10:40 GMT

Leaders in customer service and digital experience honoured at ‘Gulf Customer and Digital Experience Awards 2016’

Kaspersky Lab
January 19th, 2017 - 10:30 GMT

Kaspersky Lab enhances enterprise incident response with Kaspersky Threat Lookup

Yesterday’s protest followed a three-day strike over a new payroll system by national oil and gas workers last April. (AFP/File)
January 19th, 2017 - 10:00 GMT

Kuwait Oil Company workers protest plans for privatization

Etihad Airways
January 19th, 2017 - 09:22 GMT

Etihad Airways goes double daily to Düsseldorf

The most pressing changes required include enhancing the efficiency of the labor market, to allow workers to quickly move, at low cost, from one job to another. (AFP/Fabrice Coffrini)
January 19th, 2017 - 09:00 GMT

Davos 2017: MENA business leaders unveil six-point policy reform plan

Saudi Arabia’s Energy Minister Khalid al Falih at the World Future Energy Summit in Abu Dhabi.  (AFP/Nezar Balout)
January 19th, 2017 - 08:00 GMT

'No need to extend oil production cuts beyond six months': Saudi oil minister

Both watches will come with Bluetooth and Wi-Fi functionality, while the Sport alone will feature built-in GPS to track runs, and NFC for use with Android Pay. (Shutterstock)
January 19th, 2017 - 07:53 GMT

LG partners with Google to launch two Android Wear 2.0 smartwatches

Meeting deadlines, starting and ending meetings on time, not extending lunch breaks, and being conscious of others’ time are all essential to demonstrate your sense of punctuality. (Shutterstock)
January 19th, 2017 - 07:26 GMT

Raise the bar: Demonstrating a strong work ethic

Sheikh Hamdan bin Rashid Al Maktoum
January 19th, 2017 - 07:08 GMT

ENOC Group announces new Board of Directors of its wholly-owned subsidiary Dragon Oil

Cycling is one of the fastest growing activities in Dubai, with an ever-increasing number of events, initiatives and groups promoting the sport. (Shutterstock/Philip Lange)
January 19th, 2017 - 07:00 GMT

Nakheel to build over 105 kms of bike tracks in Dubai

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