UAE, Greece Sign Agreement to Advance Development of Digital Infrastructure

The agreement was signed by UAE Minister of Investment Mohamed Hassan Alsuwaidi and the Greek Minister of Digital Governance, Dimitris Papastergiou. WAM
The agreement was signed by UAE Minister of Investment Mohamed Hassan Alsuwaidi and the Greek Minister of Digital Governance, Dimitris Papastergiou. WAM
TT

UAE, Greece Sign Agreement to Advance Development of Digital Infrastructure

The agreement was signed by UAE Minister of Investment Mohamed Hassan Alsuwaidi and the Greek Minister of Digital Governance, Dimitris Papastergiou. WAM
The agreement was signed by UAE Minister of Investment Mohamed Hassan Alsuwaidi and the Greek Minister of Digital Governance, Dimitris Papastergiou. WAM

The Ministry of Investment of the UAE and the Greek Ministry of Digital Governance have signed a Memorandum of Understanding (MoU) to create a framework for investments in digital infrastructure with a focus on data center projects in Greece.

The agreement was signed by UAE Minister of Investment Mohamed Hassan Alsuwaidi and the Greek Minister of Digital Governance, Dimitris Papastergiou.

Data centers to be developed under this agreement can reach a total capacity of 500 megawatts.

The data center market in Greece has witnessed significant growth in recent years, largely driven by the country's Digital Transformation Strategy 2020-2025, which aims to facilitate the transformation of companies into digital enterprises and incorporate digital technologies across its economic sectors.

Projections indicate that Greece's data center market will reach $1.218 billion by 2028 from $735 million in 2022, growing at a compound annual growth rate of approximately 9 percent.

With 15 data centers, Greece is set to expand its data infrastructure with an additional 139 megawatts of power capacity from new data centers planned for development over the next five years. This positions the country to become the largest data hub in Southeast Europe and the second largest in the Mediterranean by 2028.

Greece benefits from a network of over ten submarine cables linking the country to crucial global markets, further reinforced by multiple inland internet exchange points, resulting in significantly enhanced connectivity, reliability and an increased appeal for businesses seeking efficient and dependable data exchange.

The MoU between the UAE and Greece focuses on forging effective collaboration by building relationships between public and private organizations. The agreement additionally proposes the implementation of incentives to support pertinent initiatives and aims to facilitate the exchange of knowledge.



Meta's Zuckerberg Not Liable in Lawsuits over Social Media Harm to Children

Meta's CEO Mark Zuckerberg reacts as he testifies during the Senate Judiciary Committee hearing on online child sexual exploitation at the US Capitol in Washington, US, January 31, 2024. REUTERS/Evelyn Hockstein/File Photo
Meta's CEO Mark Zuckerberg reacts as he testifies during the Senate Judiciary Committee hearing on online child sexual exploitation at the US Capitol in Washington, US, January 31, 2024. REUTERS/Evelyn Hockstein/File Photo
TT

Meta's Zuckerberg Not Liable in Lawsuits over Social Media Harm to Children

Meta's CEO Mark Zuckerberg reacts as he testifies during the Senate Judiciary Committee hearing on online child sexual exploitation at the US Capitol in Washington, US, January 31, 2024. REUTERS/Evelyn Hockstein/File Photo
Meta's CEO Mark Zuckerberg reacts as he testifies during the Senate Judiciary Committee hearing on online child sexual exploitation at the US Capitol in Washington, US, January 31, 2024. REUTERS/Evelyn Hockstein/File Photo

A federal judge said Meta Platforms (META.O), CEO Mark Zuckerberg is not personally liable in 25 lawsuits accusing his company of addicting children to social media.

US District Judge Yvonne Gonzalez Rogers in Oakland, California rejected accusations on Thursday that Zuckerberg directed Meta's efforts to conceal from children the serious mental health risks of using Facebook and Instagram, Reuters reported.

The plaintiffs called Meta's billionaire co-founder the "guiding spirit" behind alleged concealment efforts, saying he ignored repeated internal warnings about the risks and publicly downplayed them.

But the judge found a lack of specifics about what Zuckerberg did wrong, and said "control of corporate activity alone is insufficient" to establish liability. Her decision does not affect related claims against Meta itself.

The plaintiffs brought claims under the laws of 13 US states: Arizona, Colorado, Connecticut, Georgia, Maryland, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and Wisconsin.

Previn Warren, a partner at Motley Rice representing the plaintiffs, said on Friday his clients will continue gathering evidence "to uncover the truth about how Big Tech has knowingly prioritized profits over the safety of our children."

The 25 lawsuits are among several hundred by children, their families and school districts seeking damages from Meta, Alphabet's (GOOGL.O), Google, ByteDance's TikTok and Snap's (SNAP.N), Snapchat over social media addiction.

Dozens of US state attorneys general are pursuing similar cases against Meta, linking its social media platforms to anxiety, depression, insomnia, and interference with education and daily life.

The case is In re Social Media Adolescent Addiction/Personal Injury Products Liability Litigation, US District Court, Northern District of California, No. 22-md-03047.