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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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Egypt provided Jordan with 250 million cubic feet of natural gas daily since 2004. (Shutterstock)
January 28th, 2019 - 08:08 GMT

Egypt Starts Supplying Jordan With Natural Gas

The jobless rate first hit 12.9 percent, the highest level recorded by the statistics agency in data going back to 1999. (Shutterstock)
January 28th, 2019 - 08:05 GMT

Saudi Arabia Unemployment Eased Marginally to 12.8 Percent

Increased trading activity from companies based in free zones resulted in a rise in the UAE's non-oil foreign trade. (Shutterstock)
January 28th, 2019 - 07:45 GMT

UAE’s Non-Oil Trade Hits Dh1.2 Trillion in 2018

Dubai International (DXB) retained its position as the world's busiest airport for international customer numbers for the fifth consecutive year. (Shutterstock)
January 28th, 2019 - 07:42 GMT

Dubai Airport Remains World’s Busiest Airport

Tourism and travel service providers were charged Dh1000 per PRO card, which was subject to an annual renewal fee, with penalties imposed on companies that violated the provision. (Shutterstock)
January 27th, 2019 - 01:43 GMT

Dubai Waives a Mandatory Fee to Boost Tourism Sector

Tunisian General Secretary of Labour Union (UGTT) Noureddine Taboubi. (AFP)
January 27th, 2019 - 12:42 GMT

The Real Cost of the Ongoing War Between the Government and the Trade Unions in Tunisia

Bank of Sharjah's 9-month 2018 profits grew 13 per cent to Dh301 million, surpassing its 2017's full-year profit of Dh265 million. (Shutterstock)
January 27th, 2019 - 12:16 GMT

After Being Suspended by ADX, Bank of Sharjah Shares Resume Trading

Since the campaign began in November 2017 the total number of offenders was 2,504,037, which included 1,949,024 for violating residency regulations, 383,033 for labor violations and 171,980 for border violations. (Shutterstock)
January 27th, 2019 - 11:40 GMT

Over 2.5 Million Expats Arrested in Saudi Arabia Within a Year

The head of Saudi Aramco, pictured here at Davos 2017, has laid out a roadmap leading to the sale of shares in the world’s biggest oil company in 2021. (AN)
January 27th, 2019 - 10:58 GMT

Saudi Aramco to Commence Sale of Shares in 2021

Overall Saudi shoppers are spending more cautiously, as a result over the last 12 months there has been a decline in consumption across 90% of categories. Spend on promotions is also up, from 49% to 58% in modern trade. (Shutterstock)
January 27th, 2019 - 09:59 GMT

How Saudis' Shopping Behaviours Change

The world's 500 largest family businesses produce $6.5 trillion per year in sales. (Shutterstock)
January 27th, 2019 - 09:42 GMT

85 Percent of Non-Oil GDP in MENA Is Generated by Family Businesses

UNRWA’s work covers Palestinian refugees mainly residing in the West Bank, Gaza, Jordan, Lebanon and Syria. (Shutterstock)
January 27th, 2019 - 08:56 GMT

UNRWA Suffers From $1.2 Billion Funding Shortage

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