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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 tower's design is inspired by the harmonious ripples of the UAE's desert sand dunes. (Khaleej Times)
February 2nd, 2019 - 10:39 GMT

Dubai Adds Another Milestone to Its Skyline: The 550-Metre Burj Jumeira

Iran’s president said Wednesday the country was facing its toughest economic situation in 40 years. (AFP)
February 1st, 2019 - 05:30 GMT

Iran Blames US for Toughest Economic Situation in 40 Years

Saudi Arabia’s aim to boost foreign investment in the $496 billion Tadawul stock exchange has taken a leap forward. (AFP)
February 1st, 2019 - 05:00 GMT

Saudi Arabia to Launch the Tradeable MSCI Tadawul 30 Index

Turkish exports rose 7 percent on a yearly basis to hit $168 billion. (Shutterstock)
January 31st, 2019 - 01:22 GMT

Turkey’s Foreign Trade Gap Narrowed to 28.4 Percent in 2018

Fintech is a portmanteau of financial technology that describes an emerging financial services sector in the 21st century. (Shutterstock)
January 31st, 2019 - 11:31 GMT

Fintech Startups Pave the Way for Reforming Iran’s Financial System

The cost of the Syrian war on Lebanon amounts to about $14 billion. (Shutterstock)
January 31st, 2019 - 10:42 GMT

Central Bank Still Confident With Lebanon’s Economy Despite Regional Woes

Turkey welcomed 39.5 million foreign visitors in 2018 (Shutterstock)
January 31st, 2019 - 10:41 GMT

Over 39.5 Million Foreigners Visited Turkey in 2018

The two sides also voiced satisfaction with the growing trend of economic cooperation. (Shutterstock)
January 31st, 2019 - 10:40 GMT

Austria Stresses the Need for Expansion of Economic Cooperation With Iran

Landlords quote lower amount in rental pacts with municipality to pocket additional money. (Shutterstock)
January 31st, 2019 - 09:17 GMT

The Catch Behind OMR1 Rents in Oman

The International Monetary Fund's managing director Christine Lagarde said that Egypt has made substantial progress as evident in the success achieved in macroeconomic stabilisation. (AFP)
January 31st, 2019 - 09:15 GMT

Egypt on Right Track With Its Ongoing Economic Reform Programme: IMF

Fuel prices had declined in January as well. (Shutterstock)
January 31st, 2019 - 09:13 GMT

UAE to Reduce Fuel Retail Prices for February 2019

Egypt’s total budget deficit declined to 3.6 percent of GDP in the first half of the 2018/2019 fiscal year. (Shutterstock)
January 31st, 2019 - 09:12 GMT

Egypt Achieves Primary Budget Surplus of EGP21 Billion

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