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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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Lebanon is traditionally an arena for Saudi and Iranian influence and rivalry, but this has had a detrimental effect on the country's delicate politics, with both regional powerhouses seen as divisive. (Shutterstock)
January 24th, 2019 - 11:13 GMT

Will Saudi Support Lebanon After Qatar's Pledge?

The forecasts are for cyber insurance to keep expanding at a breathless pace, with turnover likely to exceed $8 billion by 2020, according to Morgan Stanley. (Shutterstock)
January 24th, 2019 - 10:31 GMT

The Importance of Cyber Insurance for Businesses

The $2.5 billion investment marks a rapid increase in the pace of Saudi investments in Russia. (Shutterstock)
January 24th, 2019 - 10:25 GMT

Russia Declares That Saudi Investments Reach $2.5 Billion

Royal Jordanian’s (RJ) flights to Syria have been suspended since 2012, and the route of its operations between Amman and Beirut was changed. (Shutterstock)
January 24th, 2019 - 10:20 GMT

Jordan Mulls Resuming Flights to Syria

Five countries have submitted their requests for the establishment of two nuclear reactors in Saudi Arabia on the Arabian Gulf coast. (Shutterstock)
January 24th, 2019 - 10:11 GMT

5 Countries Eye Building 2 Nuclear Reactors in Saudi Arabia

The value of these projects is expected to amount to about seven billion dollars (SR26.25 billion) (Shutterstock)
January 24th, 2019 - 09:40 GMT

Saudi Arabia to Implement 12 Renewable Energy Projects Worth of $7 Billion

European-backed system to facilitate non-dollar trade with Iran is aimed at circumventing US sanctions. (Shutterstock)
January 24th, 2019 - 09:00 GMT

EU to Launch New Trade Mechanism With Iran to Bypass US Sanctions

Iran and Iraq are keen on bolstering their bilateral trade that stands at nearly $11 billion. (Shutterstock)
January 24th, 2019 - 08:53 GMT

New Border Crossing Between Iran, Iraq to Facilitate Trade

Dubai will source eight per cent or at least 1000 megawatts of its over-all power requirements from renewable energy sources by next year. (Shutterstock)
January 24th, 2019 - 08:48 GMT

Renewable Energy to Produce 8 Percent of Dubai's Power

The oil was discovered at a depth of 3,770 meters and has an API gravity of 40 which is “very light and sweet. (Shutterstock)
January 24th, 2019 - 08:37 GMT

New Oil Discovery in Iran

Emaar, Dubai Multi Commodities Centre launch 200 units in Dubai Hills Estate. (Shutterstock)
January 24th, 2019 - 08:07 GMT

Buy a House in Dubai and Get a Free Trade License

Some $30 billion to $50 billion inflows are expected into the Kingdom’s stock market due to its inclusion in major global benchmarks. (AFP)
January 24th, 2019 - 08:00 GMT

Up to $50 Billion Inflows Projected Into Saudi Stock Market

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