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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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Saudi Arabia based issuers led the GCC in 2018, raising a total of US$28.51 billion through 22 issuances and representing 31 percent of the total value raised in the GCC. (Shutterstock)
February 10th, 2019 - 07:42 GMT

GCC Sovereign and Corporate Issuances, Totaled Exceeds $153 Billion in 2018

More than 50,000 trade licenses were issued to women entrepreneurs last year. (Shutterstock)
February 10th, 2019 - 07:27 GMT

More Businesswomen in UAE, Few Represented in Company Boards

The industry had returned to $50 oil and it was enough to stimulate some significant hiring in the upstream sector. (Shutterstock)
February 10th, 2019 - 07:21 GMT

Recruitment Rate to Recover in Oil, Gas Industry

Christine Lagarde, International Monetary Fund chief. (AFP)
February 10th, 2019 - 07:14 GMT

IMF Chief: Corruption Is 'Key Threat' to Middle East Economies

OPEC has become a battleground for the rivalry between Saudi Arabia and Iran. (Shutterstock)
February 9th, 2019 - 11:28 GMT

Are We Witnessing the End of OPEC?

Bahrain’s potential for sky-high earnings for expats was central to its storming rise up the rankings this year, increasing 10 places on 2017. (Shutterstock)
February 9th, 2019 - 11:10 GMT

Bahrain Among Best Destinations for Expat Careers in 2019

UAE infrastructure spending will ramp up as Expo 2020 Dubai preparations gather pace. (Shutterstock)
February 9th, 2019 - 11:05 GMT

UAE’s Economy the Fastest Growing in GCC in 2019

The IMF also referred to the importance of the upcoming London conference to support Jordan’s economy and investment. (Shutterstock)
February 8th, 2019 - 11:43 GMT

IMF: Jordan’s New Measures to Help Its Economy Recover Despite Challenges

Lebanon has 143 digital actors (Shutterstock)
February 8th, 2019 - 10:47 GMT

Digitilization, Its Impacts and Challenges in Lebanon

Saudi Arabia has cut its crude output in January by about 400,000 barrels per day. (Shutterstock)
February 8th, 2019 - 10:38 GMT

Saudi Arabia Cuts Crude Output Below OPEC Target

The oil and gas industry spends billions of dollars on audit services and employs hundreds of employees working full-time on audit-related activities. (Shutterstock)
February 7th, 2019 - 01:16 GMT

Report: 5 New Technologies to Transforming Oil & Gas Audit

The government has issued a decree to reduce the number of expatriates in all government departments by the next fiscal 2019/2020, which will start on April 1. (Shutterstock)
February 7th, 2019 - 12:58 GMT

Kuwait to Reduce Number of Expat Employees, Target for Kuwaitization at 90 Percent

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