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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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Getting the world's richest 1 percent to pay just 0.5 percent extra tax on their wealth could raise more money than it would cost to educate the 262 million children out of school. (Shutterstock)
January 21st, 2019 - 12:47 GMT

Opinion: Changing the Taxing System Could Reduce the World Wealth Gap

Jordan highlights plans to attract more patients for treatment in Jordan. (Shutterstock)
January 21st, 2019 - 12:02 GMT

Jordan Eyes International Patients a Key Driver for the National Economy

Berlin has revoked Iranian airline Mahan's right to operate in Germany. (Shutterstock)
January 21st, 2019 - 10:47 GMT

Germany Bans Iranian Airline on Suspicion of Terrorist Activities

Qatar has pledged $50 million to create jobs for young people in the Middle East at an Arab economic summit in Lebanon. (Shutterstock)
January 21st, 2019 - 10:10 GMT

Qatar Pledges $50 Million to Create Jobs for The Arab Youth

Taxable persons/companies must apply for this if they fulfill any of the conditions laid down by the law. (Shutterstock)
January 21st, 2019 - 09:49 GMT

Companies in UAE Can Deregister for VAT Under This Condition

30 Percent of Saudis' Salaries in Private Sector to Be Paid by the Government
January 21st, 2019 - 09:43 GMT

30 Percent of Saudis' Salaries in Private Sector to Be Paid by the Government

Egypt’s Foreign Currency Reserves Soar to $42.6 Billion
January 21st, 2019 - 09:26 GMT

Egypt’s Foreign Currency Reserves Soar to $42.6 Billion

E-commerce will play an increasingly greater role in Lebanon and in the region. (Shutterstock)
January 21st, 2019 - 08:56 GMT

Lebanon to Rely on E-Commerce to Solve Its Economic Issues

Saudi Arabia’s non-oil sector growth will accelerate to 2.8 percent this year as the lagged effect of higher crude prices and production feeds through to the non-oil sectors. (Shutterstock)
January 21st, 2019 - 08:51 GMT

Report: Saudi Economy to Expand 2 Percent

The Saudi-Emirati Coordination Council set seven initiatives to increase the integration between the two countries during their first meeting in Abu Dhabi. (Shutterstock)
January 21st, 2019 - 08:05 GMT

Saudi Arabia, UAE Launch a Joint Cryptocurrency

It was agreed that all donor countries and Arab funds should work shoulder to shoulder to ease the suffering of Syrian refugees. (Shutterstock)
January 21st, 2019 - 07:56 GMT

What Solutions Did the Arab Leaders Create in Their Economic Summit?

Nearly two-thirds of UAE residents expect a salary increase in this year following a year of wage stagnation in 2018. (Shutterstock)
January 20th, 2019 - 10:37 GMT

Survey: More Than 60 Percent of UAE Residents Expect a Salary Hike

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