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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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Traffic passing through Egypt’s Suez Canal on Wednesday reached an all-time record. (Shutterstock)
January 23rd, 2019 - 01:34 GMT

Traffic Through Egypt’s Suez Canal Reaches All-Time Record

Switzerland is pursuing plans to launch an alternative payments channel for Iran independent from the US dollar.. (Shutterstock)
January 23rd, 2019 - 12:47 GMT

Switzerland to Develop Payment Channel With Iran to Bypass US Sanctions

The arrests were made over a period of two days in cooperation with the special task unit in the Wilayat of Duqm. (Shutterstock)
January 23rd, 2019 - 12:37 GMT

Over 400 Expat Workers Arrested in Oman for Violating Labor Laws

UAE, Canada Agreement to Boost Cooperation in Clean Energy Field (Shutterstock)
January 23rd, 2019 - 12:35 GMT

UAE, Canada Sign Agreement to Boost Cooperation in Clean Energy Field

Residence permit applicants will receive a six-month entry permit that will allow them to enter the UAE and complete any outstanding procedures related to their projects. (Shutterstock)
January 23rd, 2019 - 12:33 GMT

UAE to Start Issuing Long-Term Visa in February

Those selected for the transfer are currently undergoing training and testing and must fulfill certain criteria. (AFP)
January 23rd, 2019 - 10:19 GMT

Egypt to Relocate 50,000 Employees to Its New Capital by 2020

Moody’s Investor Service announced Monday night that it had downgraded Lebanon’s long-term investment rating. (Shutterstock)
January 23rd, 2019 - 10:16 GMT

Lebanon’s New Long-Term Investment Rating Indicates Poor Quality, Very High Credit Risk

Mastercard prevents merchants from benefitting from better conditions. (Shutterstock)
January 23rd, 2019 - 08:07 GMT

Mastercard Fined Almost $650 Million in Europe

Cyber-security is expected to be among the fastest growing sectors in Saudi Arabia. (Shutterstock)
January 23rd, 2019 - 08:02 GMT

Cyber-Security Projected to Reach $5 Billion by 2022 in Saudi Arabia

Russia will grant $10 million in financial aid for Palestinian refugees. (Shutterstock)
January 23rd, 2019 - 07:17 GMT

Russia Grants $10 Million to Palestinian Refugees

Saudi Arabia will remain the largest global oil exporter for years to come despite the growth of the US oil sector. (Shutterstock)
January 23rd, 2019 - 07:06 GMT

IEA: Saudi Arabia Remains the Largest Global Oil Exporter

If you are looking for a 'forever home', then buying might just make sense. (Shutterstock)
January 23rd, 2019 - 06:52 GMT

To Rent or to Buy in Dubai: That's the Question

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