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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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Israel also announced that Intel would recive a $1 billion reward from the government, due to the investment. (AFP)
January 30th, 2019 - 09:06 GMT

Intel to Expand Its Operations in Israel With Investments Worth $11 Billion

Kingdom to receive oil at lower prices in exchange for lower fees on Iraqi shipments to Aqaba. (Shutterstock)
January 30th, 2019 - 08:52 GMT

More Facilitation Announced to Boost Trade Between Iraq, Jordan

Lebanon should consider a voluntary debt restructuring to avert a financial crisis despite pledges of aid from Gulf benefactors. (Shutterstock)
January 30th, 2019 - 07:15 GMT

Lebanon Must Consider Debt Restructuring to Avert Financial Crisis

The combined generation capacity will be 1.51 gigawatts (GW), enough to power 226,500 households. (Shutterstock)
January 30th, 2019 - 07:12 GMT

Saudi Arabia Launches 7 Solar Projects Worth $1.5 Billion

Ethiopian-born billionaire Mohammed Hussein al-Amoudi was reportedly among those set free. (Twitter)
January 29th, 2019 - 01:47 GMT

Saudi Arabia Releases 10 Businessmen from Detention

It will become the second largest retail lender in the UAE by assets, with 21 per cent share of retail loans. (File/photo)
January 29th, 2019 - 01:17 GMT

Three Major UAE Banks Merge Creates Dh420 Billion Bank

Turkey is determined to boost the sales of hybrid and electric automobiles in the country. (Shutterstock)
January 29th, 2019 - 11:57 GMT

Turkey to Increase Hybrid and Electric Cars Sale

Expat doctors have welcomed a move to prioritise hiring Bahraini medics in the nation’s private healthcare sector. (Shutterstock)
January 29th, 2019 - 11:56 GMT

Bahrainisation to Include the Private Healthcare Sector

Oman has risen on the "Corruption Perception Index" (CPI) and is now placed third in the Arab world. (Shutterstock)
January 29th, 2019 - 11:00 GMT

Oman Ranks Third in the Arab World On Anti-Corruption Report

The currency will be used in financial settlements between the two countries. (Shutterstock)
January 29th, 2019 - 10:55 GMT

Saudi Arabia, UAE to Launch First Common Digital Currency ‘Aber’

The Dubai Taxi Corporation has launched a new control centre and reviewed its smart transformation plan. (Shutterstock)
January 29th, 2019 - 10:23 GMT

Dubai Taxi to Transform Its Services Using AI

Four international investment banks have been selected by Egypt to issue the dollar-denominated bonds. (Shutterstock)
January 29th, 2019 - 09:24 GMT

Egypt to Issue New Dollar Bonds for First Time in 2019

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