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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 Internet boom in the UAE has boosted e-commerce growth in the last couple of years. (Shutterstock)
February 17th, 2019 - 12:00 GMT

The Effects of the Tech-Savvy Startups on the Logistics Sector in UAE

Activists considered the app abusive since it allows women’s movements to be tracked by their “male guardians.” (File/photo)
February 17th, 2019 - 10:57 GMT

Saudi Arabia Defends 'Abusive' App That Monitors Women

Iran regretted the hesitation of China in developing Phase 11 of South Pars Gas Field in southern Iran. (Shutterstock)
February 17th, 2019 - 10:35 GMT

Iran Regrets China’s Hesitation in Developing Gas Field in Southern Iran

The Egyptian Central Bank’s Monetary Policy Committee (MPC) said it has cut its main interest rates by a percentage point each. (Shutterstock)
February 17th, 2019 - 10:06 GMT

Egypt’s Central Bank Cuts Interest Rates by 1 Percent As Price Pressures Ease

Over $10 billion worth of foreign investment was approved in Iran in last year. (Shutterstock)
February 17th, 2019 - 09:20 GMT

Iran Approves $3.5 Billion Worth of Foreign Direct Investment

Turkish lira reserve requirement ratios have been reduced by 100 basis points for deposits and participation funds. (Shutterstock)
February 17th, 2019 - 09:14 GMT

The Central Bank of Turkey Lowers Reserve Requirement Ratios to Increase Liquidity

In first phase, fixed wireless and mobile services will be provided in selected locations. (Shutterstock)
February 17th, 2019 - 08:09 GMT

UAE to Roll Out 5G Services in March

Jordan was ranked 4th among 14 countries in the Middle East and North Africa region (MENA) in the 2019 Index of Economic Freedom. (Shutterstock)
February 17th, 2019 - 07:53 GMT

Jordan Ranks 4th in MENA on Economic Freedom Index

Market developments likely to be dominant economic driver for region once again this year. (Shutterstock)
February 17th, 2019 - 07:49 GMT

Stronger Oil Prices in 2018 Puts Middle East Oil Nations on Solid Ground in 2019

The 1,200 page report recommended that within the knowledge economy, the Culture Ministry should “take a bet on specific cultural and creative industries”. (Shutterstock)
February 16th, 2019 - 08:48 GMT

Designers' Stand on Lebanese Economy

The Saudi capital will host the Global Aviation Summit 2019. (Shutterstock)
February 16th, 2019 - 08:40 GMT

Saudi Arabia to Host Global Aviation Summit in April

Pakistan will get a $20 billion-plus economic package from Saudi Arabia. (Shutterstock)
February 16th, 2019 - 08:32 GMT

$20 Billion From Saudi Arabia to Pakistan to Boost Economy

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