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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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Tehran is now pushing for more trade with Iraq and Russia, and boasting it will not be affected by the sanctions. (Shutterstock)
February 25th, 2019 - 10:48 GMT

Iran Boosts Trade In Iraq, Turkey, Russia and Syria Despite US Sanctions

Both parties have agreed that Iraqi goods imported through the Aqaba Port will be offered discounted port rates up to 75 percent. (Shutterstock)
February 25th, 2019 - 10:25 GMT

10,000 Oil Barrels to Enter Jordan Daily From Iraq

Latest data released by Dubai Tourism disclosed that overnight visitors reached 15.92 million in 2018, an increase of 0.8 per cent over the previous year. (Shutterstock)
February 25th, 2019 - 10:01 GMT

Nearly 16 Million Tourists Visited Dubai in 2018

Banks in Turkey to restructure $7-$8 billion credit of energy companies, Garanti Bank's top official says. (Shutterstock)
February 25th, 2019 - 08:50 GMT

Turkey to Witness New Big Energy Investments by 2020

Iranian mass-housing constructors to build 200,000 units in Syria. (Shutterstock)
February 25th, 2019 - 08:18 GMT

Iran to Start Construction in Syria

Equities start year on positive note and this tone is expected to gain further traction. (Shutterstock)
February 25th, 2019 - 08:05 GMT

Will the UAE Markets Recover in 2019?

European Council President Donald Tusk, Egyptian President Abdel Fattah al-Sisi, King Salman of Saudi Arabia and President of the European Commission Jean-Claude Juncker pose for a family picture during the first joint European Union and Arab League summit at the International Congress Centre in the Egyptian Red Sea resort of Sharm el-Sheikh, on February 24, 2019. (AFP)
February 25th, 2019 - 07:56 GMT

Here's What the EU, Arab Leaders Agreed on

Region tops other major yachting hubs across US, Europe and Asia in being home to the fleet of most sizeable personal pleasure vessels. (Shutterstock)
February 25th, 2019 - 07:46 GMT

Middle East Tops Yacht Hubs in Being Home to World's Biggest Superyachts

US President Donald Trump speaks during a meeting with Chinese Vice Premier Liu He in the Oval Office of the White House in Washington, DC, on February 22, 2019. Just a week remains to avoid a sharp increase in US duty rates on more than $200 billion in Chinese exports -- though Trump has suggested he could extend the March 1 deadline. (AFP)
February 25th, 2019 - 07:39 GMT

Trade War Update: Trump Extends China Tariff Deadline

Refugees and illegal immigration will top the agenda amid the conflicts in Syria, Yemen, Libya, Iraq, Afghanistan and Palestine.
February 24th, 2019 - 11:37 GMT

Combating Illegal Immigration to Top Arab-EU Summit

The figures are down by 30 percent from the market’s peak in 2015 when 33.9 million units were shipped. (Shutterstock)
February 24th, 2019 - 11:29 GMT

Smartphone Shipments Plummet to Lowest Level in 6 Years

Iran, China, US, Russia to Be the Biggest Gas Suppliers by 2040. (Shutterstock)
February 24th, 2019 - 11:15 GMT

Iran, China, US, Russia to Be the Biggest Gas Suppliers by 2040

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