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South Korean stocks plunge
July 29th, 2026 - 08:42 GMT
P. Choiaqo

P. Choiaqo

South Korea stocks collapse as investors dump tech

ALBAWABA - The South Korean Stock Market (Kospi) suffered one of the worst plunges in its history after a two-year rally, the culprit is AI and tech investors pulling out. After a two-year rally where tech companies hit record highs; the party came to an end on Wednesday as South Korean stocks plunged historically after a slow blood-letting battered chip firms over the past month, deepening as skittish investors withdrew ...
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The first shale oil well drilling started a few months ago. (Shutterstock)
March 10th, 2019 - 11:17 GMT

Bahrain to Start Shale Oil Production Soon

Egypt Expected to Be Among World’s Top 10 Economies by 2030. (Shutterstock)
March 10th, 2019 - 10:21 GMT

Egypt Expected to Be Among World’s Top 10 Economies by 2030

Kuwait Exposes Employees Working in Oil Sector With Forged Certificates. (Shutterstock)
March 10th, 2019 - 09:55 GMT

Kuwait Exposes Employees Working in Oil Sector With Forged Certificates

The pharmaceutical sector in the Mena region has witnessed tremendous growth over the last few years. (Shutterstock)
March 10th, 2019 - 09:37 GMT

Pharmaceutical Sector in MENA to Hit $60 Billion by 2025

Large volumes of natural gas have been found in the Red Sea. (Shutterstock)
March 10th, 2019 - 09:34 GMT

Saudi Arabia: Large Volumes of Gas Discovered in Red Sea

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day. (Shutterstock)
March 10th, 2019 - 09:24 GMT

India Negotiates Waiver Extension With US on Iran’s Oil

Lebanon will have no problems rolling over 2019’s debt. (Shutterstock)
March 10th, 2019 - 08:20 GMT

Will 2019 Be a Better Year for Lebanon's Economy?

Canada Keen on Increasing Trade Volume With Qatar. (Shutterstock)
March 10th, 2019 - 08:13 GMT

Canada Keen on Increasing Trade Volume With Qatar

Prices seen to go down on decline in housing and fuel prices, oversupply in retail and hospitality, and receding VAT effect. (Shutterstock)
March 10th, 2019 - 07:59 GMT

UAE Expected to Slip Into Deflation in 2019

The value of re-exports increased by 49pc as it reached BD58m during January versus BD39m in the same month a year ago. (Shutterstock)
March 9th, 2019 - 08:21 GMT

Report: Saudi, UAE, US Are Bahrain's Top Importers

Amazon on Wednesday unveiled plans to open more bookstores and “4-star” shops selling only the best-rated products. (Shutterstock)
March 9th, 2019 - 08:16 GMT

Amazon to Expand Amazon Books, '4-Star' Shops

Saudi Arabia sold gas to domestic consumers below cost of production, to encourage this new desire for fuel diversity. (Shutterstock)
March 9th, 2019 - 07:53 GMT

The Importance of Gas Production in Saudi Arabia

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