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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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Feras Al Shaikh, Director of Consumer Sales
October 11th, 2017 - 10:22 GMT

Ooredoo Passport Expands Value-Added Data Roaming to Even More Locations

Morocco's FDI reached $1.92 billion in January-August 2017, against $1.47 billion a year earlier. (File photo)
October 11th, 2017 - 10:21 GMT

Morocco's FDI up 30 Percent in 2017, to $1.92 billion

Khalid Al Kayed, CEO of Bank Nizwa receiving the award in Amman.
October 11th, 2017 - 10:15 GMT

Bank Nizwa Receives 'Pioneer Islamic Bank in Oman' Award for 2017

Uber's new centre will provide more than 700 direct jobs to Egyptians. (AFP/ File)
October 11th, 2017 - 10:09 GMT

Uber Turns to Middle East for Growth, Launches $20 Million Egypt Center

Avaya and Mashreq Bank will work closely together to integrate the latest technology trends, including robotics, analytics, cloud and e-channels, into existing Mashreq Bank’s digital services.
October 11th, 2017 - 10:00 GMT

Mashreq Bank Transforms Banking Experience With Avaya

HFEA, HCT, and VCU have joined forces to promote the belief that entrepreneurship education has the power to become one of the most important economic forces in the world.
October 11th, 2017 - 09:56 GMT

Ford and Higher Colleges of Technology Drive Youth Innovation with Launch of UAE’s First Henry Ford Entrepreneurship Academy Workshop

Qatar Airways continues to exceed expectations with its global expansion strategy and product development
October 11th, 2017 - 09:50 GMT

Qatar Airways ‘Best Airline’ at Business Traveller Awards in London

There is genuine concern by GCC governments to develop renewable energy. Here's what each country is doing to reduce its dependence on oil. (File photo)
October 11th, 2017 - 09:37 GMT

How Saudi Arabia, Kuwait, UAE and Bahrain Are Moving Towards a Greener Economy

Qatar Insurance Company
October 11th, 2017 - 09:22 GMT

Qatar Insurance Company Emerges as ‘Top Investment House’ in MENA Region

Through this deal, Rosneft has become a partner in the development of the largest gas field in the Mediterranean Sea. (AFP/ File)
October 11th, 2017 - 09:22 GMT

Russian Oil Company Rosneft Buys 30 Percent Stake in Egypt's Zohr Gas Field

General Electric
October 11th, 2017 - 09:02 GMT

GE to Host ‘Transforming Power’ Event in Dubai

Dubai Culture stand at Gitex 2017
October 11th, 2017 - 08:56 GMT

Dubai Culture Showcases Its Smart Services During Gitex Technology Week 2017

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