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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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A hacker has already developed a method to install malware on a pre-2017 Amazon Echo. (Shutterstock)
February 20th, 2019 - 12:17 GMT

Are Our Conversations Being Leaked by Our Digital Assistants?

South Korea is the third-largest buyer of Iranian oil. (Shutterstock)
February 20th, 2019 - 10:00 GMT

Despite US Sanctions, S. Korea Ships in Over $100 Million Worth of Iranian Oil

World Bank Regional Director Saroj Kumar Jha said the pledges - upward of $12 billion in soft loans and grants - were not at risk. (Shutterstock)
February 20th, 2019 - 09:33 GMT

Lebanon Back on CEDRE Track to Unlock $12 Billion of Loans and Grants

Despite significant additional supply to the market in 2019 and 2020 from existing projects, S&P expects very few launches this year and the next year because developers will pull back supply in response to lower margins due to falling prices. (Shutterstock)
February 20th, 2019 - 09:23 GMT

Report: Dubai Property Prices to Remain Low Until 2020

An official at the IACC said on Tuesday that a specialised team overseeing the matter found that the value of the 667 forged exemptions amounted to JD1,459,000, Petra reported. (Shutterstock)
February 20th, 2019 - 09:10 GMT

Jordan Identifies More Than 1.45 Million JDs Worth of Forged Medical Exemptions

The rules for dealing with expatriates who violate the laws already exist. Several important points include the non-permissibility of allowing the worker to work separately or for others by his employer. (Shutterstock)
February 20th, 2019 - 08:58 GMT

Saudi Cracks Down on Violating Expats

According to Xinhua, Zarif expressed Tehran’s desire to take part in China’s massive infrastructure development project. (Shutterstock)
February 20th, 2019 - 08:47 GMT

Iran Wants in on China's Belt and Road Initiative

The UAE Armed Forces has awarded 28 deals worth Dh4.87 billion ($1.32 billion) on the third-day of the International Defence Exhibition (Idex) and the Naval Defence and Maritime Security Exhibition (Navdex). (Shutterstock)
February 20th, 2019 - 08:41 GMT

IDEX Witnesses Record $4.59 Billion Contracts From UAE Armed Forces

'The step that we are taking today is a step towards transparency and standards." - Saad Hariri, The President of the Council of Ministers.
February 20th, 2019 - 08:34 GMT

Lebanon Launches Electronic System in Bid for More Transparency

SME’s stake in the financial portfolio of Saudi banks has doubled over the last two years. (Shutterstock)
February 20th, 2019 - 08:23 GMT

Opinion: This Is What Plagues SMEs in Saudi, and It's Not the Money

US President Donald Trump and Saudi Deputy Crown Prince and Defense Minister Mohammed bin Salman speak to the media in the Oval Office at the White House in Washington, DC, on March 14, 2017.(AFP)
February 20th, 2019 - 07:59 GMT

US Investigating Trump-Saudi Nuclear Deal

Nearly 400 Saudi and Indian businessmen are expected to take part. (Shutterstock)
February 20th, 2019 - 07:24 GMT

Saudi-Indian Forum to Explore Bilateral Business Opportunities

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