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2026-10-13T17:12:11.211Z

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U.S. Treasury penalizes Bank of America

اقتصاد سكاي نيوز عربيةاقتصاد سكاي نيوز عربيةاقتصاد سكاي نيوز عربية
5 Hrs2026-10-14T07:43:08.000Z
U.S. Treasury penalizes Bank of America

Apple focuses on smart homes and foldables

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17 Hrs2026-10-13T19:30:39.169Z
Apple focuses on smart homes and foldables

IPO application delays persist in TASI

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19 Hrs2026-10-13T17:34:11.645Z
IPO application delays persist in TASI

U.S. Treasuries Fall on Inflation Hopes

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22 Hrs2026-10-13T14:28:00.000Z
U.S. Treasuries Fall on Inflation Hopes

Global economy under strain amid Middle East slump

الاقتصاديةالاقتصاديةالاقتصادية
22 Hrs2026-10-13T14:22:22.127Z
Global economy under strain amid Middle East slump
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Saudi and UAE lead Middle East data center growth

Saudi and UAE lead Middle East data center growth

The article focuses on the significant growth of data centers in the Gulf countries, particularly in Saudi Arabia and the United Arab Emirates. It is expected that their computing capacities will triple over the next five years, surpassing three gigawatts, driven by the expanding applications of artificial intelligence and cloud computing. Saudi Arabia recorded an increase of more than six times in data center capacity, rising from 68 megawatts in 2021 to over 467 megawatts in 2023. Additionally, the country has invested 56 billion riyals in digital infrastructure and is developing major projects such as a 100-megawatt data center in Oxagon, scheduled to be operational by 2028. The agency forecasts that Saudi Arabia and the UAE will account for more than 80% of the expected additions to the region's data center capacity by 2030, while cautioning about challenges related to geopolitical risks, ensuring reliable power and cooling supplies, and diversifying locations to guarantee successful investments.

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