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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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UAE is a key partner for UK: "We need to have a deeper strategic relationship. It should not only be about selling and buying but about being partners." - Rt Hon Liam Fox (Shutterstock)
February 11th, 2019 - 08:50 GMT

UK to Have Free Trade Agreement With GCC

As a result of the campaign, 234 violating expats were arrested. (Shutterstock)
February 11th, 2019 - 08:04 GMT

Over 200 Expat Workers Arrested in Oman

Turkish Statistics agency noted late last month that tourism revenues amounted to USD 29.5 billion last year. (Shutterstock)
February 11th, 2019 - 08:02 GMT

Turkey Aims to Host 70 Million Tourists by 2023

Bahrain will focus on “stringent” cost controls to help cut its budget deficit. (Shutterstock)
February 11th, 2019 - 07:54 GMT

Bahrain to Focus on Cost Controls to Help Cut Budget Deficit

Lebanese Prime Misister Saad Hariri (R),speaks with journalist Emad el-Din Adeeb, during the opening session of the World Government Summit in Dubai, on February 10, 2019.  (AFP)
February 11th, 2019 - 07:46 GMT

Hariri At World Govt Summit: Lebanon Is in a 'Make It or Break It' Situation

IMF chief Christine Lagarde told CNN's Richard Quest that there were 3% more women's jobs vulnerable to AI than men's. (AFP)
February 10th, 2019 - 01:29 GMT

AI Threatens Women's Jobs More Than Men's: IMF Chief at World Government Summit

The allocation is aimed at reimbursing firms the fees for expatriate work permits. (Shutterstock)
February 10th, 2019 - 01:04 GMT

Saudi Allocates $3.1 Billion to Support Private Firms With Expats Fees

Mohammad Abdullah Al Gergawi, UAE Minister of Cabinet Affairs. (@DXBMediaOffice/ Twitter)
February 10th, 2019 - 10:04 GMT

World Government Summit: AI to Affect 45 Percent of Jobs

The annual World Government Summit kicks off today to redefine the future of governments and unite efforts to solve universal challenges facing humanity. (Shutterstock)
February 10th, 2019 - 10:01 GMT

UAE Leads Dialogues in Technology at World Government Summit

Concerts that have taken place already in Saudi Arabia by top-notch international superstars. (Shutterstock)
February 10th, 2019 - 09:38 GMT

500 Companies Established in Saudi Arabia to Boost Entertainment Sector

The 493 investments were made by 361 foreign firms. (Shutterstock)
February 10th, 2019 - 09:29 GMT

$43 Billion of Foreign Investment Within 4 Years in Saudi Arabia

Prominent handovers in 2018 include multiple project deliveries in Damac Hills, Hayat Townhouses and Bluewaters Residences. (Shutterstock)
February 10th, 2019 - 07:56 GMT

Properties in Dubai, Supply to Outpace Demand in 2019

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