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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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OPEC Oil Supply Reaches Lowest in Four Years. (Shutterstock)
March 3rd, 2019 - 08:22 GMT

OPEC Oil Supply Reaches Lowest in Four Years

The looming loan from the IMF would be the highest by any Pakistani government in its history from the Washington-based fund. (Shutterstock)
March 3rd, 2019 - 08:09 GMT

$12 Billion IMF Loan Deal to Help Pakistan's Fledgling Economy

Jeddah is a fertile region for private sphere investment in the leisure and entertainment industries. (Shutterstock)
March 2nd, 2019 - 07:41 GMT

Saudi Entertainment Sector to Create 200,000 Jobs by 2030

A total of 21,014 residential units, including apartments, villas and townhouses, had been completed during the third quarter of 2018. (Shutterstock)
March 2nd, 2019 - 07:39 GMT

Over 47,000 New Residential Units to Be Completed in Dubai

Saudi Arabia on Europe's Blacklist of Countries for Terrorism Financing and Money Laundering. (Shutterstock)
March 2nd, 2019 - 07:30 GMT

Saudi Arabia Won't Be on Europe's Money Laundering Blacklist

The Huawei Mate 20 Pro is Huawei's latest flagship smartphone. (File/Photo)
March 1st, 2019 - 08:03 GMT

Huawei Mate 20 Pro Awarded "Best Smartphone" at MWC 2019

Prices have increased after declining for four consecutive months. (Shutterstock)
March 1st, 2019 - 07:32 GMT

Higher Petrol Prices This Month in UAE

Iran’s tax income rose 14.1 percent during the last Iranian calendar year. (Shutterstock)
March 1st, 2019 - 07:22 GMT

Over $20.4 Billion of Taxes Collected in Iran

Qatar’s consumer price index (CPI) decreased by 0.3 percent year-on-year
March 1st, 2019 - 07:20 GMT

Qatar's Consumer Price Index Drops 0.3 Percent in Q4 of 2018

 The average monthly salary of expatriates in the Gulf countries was $ 8,083, down 26% from the previous year. (Shutterstock)
February 28th, 2019 - 10:42 GMT

Average Expatriate Workforce in the Gulf Countries Is Declining

This will strengthen the UAE's position as a reliable supplier of crude oil. (Shutterstock)
February 28th, 2019 - 10:40 GMT

UAE to Build World's Largest Crude Oil Storage Facility in Fujairah

May to Announce $250-Million World Bank Loan to Jordan. (Shutterstock)
February 28th, 2019 - 08:22 GMT

May to Announce $250-Million World Bank Loan to Jordan

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