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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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Property sales to foreigners posted an annual hike of 78.4 percent to reach 39,663 houses. (Shutterstock)
January 17th, 2019 - 09:07 GMT

Over 1.37 Million Houses Sold in Turkey in 2018

The annual inflation rate in Tunisia reached a near-30-year high in 2018. (Shutterstock)
January 17th, 2019 - 08:58 GMT

Economic Indicators Raise Concerns for Instability in Tunisia

The total value of the NEOM Bay development has not been disclosed. (Arab News)
January 17th, 2019 - 08:07 GMT

Saudi Arabia to Commence Developing $500 Billion Mega-City

The chamber's exports last year hit JD4.280 billion compared with JD3.896 billion in 2017. (Shutterstock)
January 17th, 2019 - 07:45 GMT

Jordan's Exports Soars 10 Percent in 2018

Media reports suggested that flydubai will resume flights to Damascus. (File/Photo)
January 17th, 2019 - 07:38 GMT

flydubai Considers Resuming Flights to Damascus

UAE airline offered to buy more shares of Jet at a 49 percent discount. (File/Photo)
January 17th, 2019 - 07:36 GMT

Etihad Airways, Jet Airways Denies Reports of $35 Million Bailout Deal

As more supply is expected to materialise in the coming year, residential vacancies are anticipated to increase further in Abu Dhabi. (Shutterstock)
January 16th, 2019 - 12:12 GMT

Property Market Prices on a Steady Fall in This Emirate

Gulf shifts focus to diversify energy sources to boost economy (Shutterstock)
January 16th, 2019 - 10:52 GMT

220,500 Jobs in GCC If Region Meets Its Sustainable Energy Targets by 2030

Taxi drivers hold protests in November 2018. (Shutterstock)
January 16th, 2019 - 10:33 GMT

'Yellow Cabs' Demonstration in Jordan

Saudi Arabia has restricted certain jobs to Saudis and pressed companies to employ higher ratios of nationals to foreign workers. (Shutterstock)
January 16th, 2019 - 10:18 GMT

Saudi Government to Pay Private Sector in an Attempt to Expand Saudization

Civil servants could receive a 20 per cent increase in their basic wages. (Shutterstock)
January 16th, 2019 - 09:45 GMT

Bahrain Indecisive About 20 Percent Increase in Basic Wages

A section of UAE expats may not have seen much wage growth last year. (Shutterstock)
January 16th, 2019 - 09:43 GMT

Survey: UAE Among World’s Top 10 Destinations for Expats

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