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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 General Tax Authority needs to create more awareness about the new taxes as businesses in Qatar. (Shutterstock)
February 15th, 2019 - 08:58 GMT

Qatar's Business Community Demands More Clarity on ‘Selective Tax’

The UAE rose five places to claim the highest rank achieved yet by a country from the Middle East and North Africa region. (Shutterstock)
February 15th, 2019 - 08:54 GMT

UAE Ranks 5th in Connectedness Index, Highest Rank in MENA

The investment will be made over a six-year period. (Shutterstock)
February 15th, 2019 - 08:53 GMT

Total, Saudi Aramco $1 Billion Project to Create Thousands of Jobs in Saudi Arabia

The loan aims at enhancing financial inclusion, developing payment and settlement systems. (Shutterstock)
February 15th, 2019 - 08:50 GMT

$96 Million Loan to Support Jordan's Banking Sector

The current account balance posted a deficit of $27.6 billion. (Shutterstock)
February 14th, 2019 - 01:01 GMT

Turkey’s Current Account Balance Posted Deficit of $27.6 Billion in 2018

The UAE topped the MEA list for the largest number of rooms under construction with the total put at 56,570 rooms. (Shutterstock)
February 14th, 2019 - 11:45 GMT

Over 150,000 Hotel Rooms Under Construction in MEA

According to the UN Office on Drugs and Crime's report, Lebanon is the third largest exporter of cannabis resin in the world. (Shutterstock)
February 14th, 2019 - 11:15 GMT

Video: On the Cannabis Industry in Lebanon. Will Beirut Become the Amsterdam of the Middle East?

Turkish exploration ships will soon begin offshore drilling activities around Cyprus island. (Shutterstock)
February 14th, 2019 - 10:40 GMT

Turkish Exploration of Oil, Gas to Start Offshore Around Cyprus

The Red Sea project involves the development of a luxury tourism destination on the Saudi Red Sea coast. (Shutterstock)
February 14th, 2019 - 10:38 GMT

Red Sea Project, Largest of Its Kind in Saudi Arabia

The total exported quantities of Oman crude oil in January 2019 reached 23.32 million barrels. (Shutterstock)
February 14th, 2019 - 10:36 GMT

Over 30 Million Barrels of Crude Oil Produced in Oman Last Month

SMEs in the Middle East suffer the widest gap when it comes to financial inclusion worldwide. (Shutterstock)
February 14th, 2019 - 10:34 GMT

IMF: Arab Countries Can Benefit More From Structured Financial Technology

Ghosn confirmed a report by Japan's Sankei newspaper that he had hired lawyer Junichiro Hironaka to replace Otsuru. (AFP)
February 14th, 2019 - 10:32 GMT

Ghosn Seeks Effective Defense After Lawyers' Resignation

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