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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 memorandum of understanding had been signed on interconnecting Europe and Africa through Egypt. (Shutterstock)
February 5th, 2019 - 01:09 GMT

GCC to Export Extra Generated Electricity to Europe

The Cryptoxygen platform’s token OXY2 is based on Ethereum – an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. (Pexels)
February 5th, 2019 - 11:25 GMT

Bahrain-Based Entrepreneurs Launch First Hardware-Integrated Crypto Exchange

Middle East Investment Outlook report highlighted concerns about whether privatizations will inevitably require laying off large numbers of Saudi nationals. (Shutterstock)
February 5th, 2019 - 10:24 GMT

The Repercussions of Privatization in Saudi Arabia

Jordan will buy 10,000 barrels of crude Kirkuk oil per day from its neighbour, which covers 7 per cent of the Kingdom’s daily demand. (Shutterstock)
February 5th, 2019 - 10:06 GMT

Jordan to Receive Discounted Oil From Iraq

The significant growth in deal value was driven by increased deal-making in the UAE, which more than doubled to $10.4 billion in 2018. (Shutterstock)
February 5th, 2019 - 09:58 GMT

Report: Deal-Value Soars to $26.76 Billion in MENA

Egypt and Sudan are at odds over an Ethiopian plan to build a huge hydropower dam near the Sudanese border. (AFP)
February 5th, 2019 - 09:43 GMT

Video: The Water Wars Between Egypt, Sudan

Zarif told reporters after the meeting in Commission that the delays in establishment of the INSTEX was due to different reasons including the US pressures.(Shutterstock)
February 5th, 2019 - 09:26 GMT

Iran to Continue Its Trade Relations Despite Establishment’s Delay of EU Channel

The typical predictions for the global power sector see gas growing strongly, nuclear slowly and coal flat-lining or shrinking. (Pexels)
February 5th, 2019 - 08:48 GMT

An Analysis on the 'Trinity' of Electricity Generation

The vulnerability affects Authentication and Key Agreement (AKA) that ensures your phone securely communicates with cellular networks. (Shutterstock)
February 5th, 2019 - 08:22 GMT

5G Vulnerable to Privacy Threats

The IIF noticed that most economic indicators in Lebanon were on the downside in 2018 due to the political paralysis and failure to form the government in a short period. (Shutterstock)
February 5th, 2019 - 07:57 GMT

Structural Reforms Required in Lebanon to Achieve Higher GDP

The new Middle East marketplace would look similar to Amazon’s other international websites, like Amazon UK or Amazon Germany, giving it a more unified appearance and brand in the region. (Shutterstock)
February 5th, 2019 - 07:34 GMT

Will Amazon Replace Souq with a New E-Commerce Site?

The ratings are based on global indicators such as major crimes, extent of safety measures and community partnership, quality service to the public and enhancement of security awareness. (Shutterstock)
February 4th, 2019 - 01:01 GMT

Qatar Ranks Seventh Globally in Global Finance Index

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