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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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Kuwaiti rights groups have long called on the government to abolish its kafala system for expats, which has long been criticized as a form of bonded labor. (Shutterstock)
January 16th, 2019 - 09:17 GMT

Kuwait Considers Canceling Its 'Bonded Labor' System

Ties between Qatar and Turkey have grown manifold, especially after the blockade. (Shutterstock)
January 16th, 2019 - 08:35 GMT

Despite Economic Blockade, Over 150 Qatari Companies Operating in Turkey

Growth rates of 3.4 percent and 3.6 percent are projected in 2020 and 2021, respectively. (Shutterstock)
January 16th, 2019 - 08:23 GMT

World Bank: Economic Growth in Tunisia to Reach 2.9 Percent in 2019

The key monitored sectors - construction, wholesale & retail and travel & tourism - registered slower improvements in business conditions in December. (Shutterstock)
January 16th, 2019 - 08:07 GMT

Dubai Economy Tracker Index Hits Second Lowest Reading in Over Two Years

According to the UAE Space Agency, in 2017, the total global space economy value amounted to $348 billion. (Shutterstock)
January 15th, 2019 - 11:50 GMT

UAE Investments in Space Exceed AED22 Billion, Providing Over 1,500 Job Opportunities

The unemployment rate occurred as 11.6 percent with a 1.3 percentage point increase (Shutterstock)
January 15th, 2019 - 11:34 GMT

Turkey's Unemployment Rate Increased to 11.6 Percent in October

Saudi Arabia Mulls Gas Network Extension With UAE, Oman (Shutterstock)
January 15th, 2019 - 10:11 GMT

Saudi Arabia Mulls Gas Network Extension With UAE, Oman

Jordan,Iraq Agree to Finalize Basra-Aqaba Oil Pipeline
January 15th, 2019 - 09:47 GMT

Jordan,Iraq Agree to Finalize Basra-Aqaba Oil Pipeline

More Than 98 Million Passengers Visited Saudi Airports in 2018 (Shutterstock)
January 15th, 2019 - 09:25 GMT

More Than 98 Million Passengers Visited Saudi Airports in 2018

Mutual Investments Between Kuwait, UK Exceeds $4 Billion in 2018 (Shutterstock)
January 15th, 2019 - 09:08 GMT

Mutual Investments Between Kuwait, UK Exceeds $4 Billion in 2018

Vendors’ VAT Registration Status Can Be Checked Online in Bahrain (Shutterstock)
January 15th, 2019 - 09:01 GMT

Vendors’ VAT Registration Status Can Be Checked Online in Bahrain

The Kingdom Tower stands in the night in Riyadh, Saudi Arabia (Shutterstock)
January 15th, 2019 - 08:36 GMT

Increasing Renewable Energy Production is on Saudi's Top List

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