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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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Turkey's natural gas consumption retreats to around 50 billion cubic meters in 2018. (Shutterstock)
January 13th, 2019 - 08:22 GMT

Turkey Hits a Historic Record in Daily Gas Consumption

Qatar’s non-hydrocarbon sector is expected to grow 4.1 percent and 4.8 percent year-on-year in 2019 and 2020. (Shutterstock)
January 13th, 2019 - 08:13 GMT

Report: Qatar to Reach 2.7 Percent Economic Growth for 3 Years

Majority of healthcare services have been classified as zero-rated. (Shutterstock)
January 13th, 2019 - 08:03 GMT

5 Percent VAT to Be Applied on Cosmetic Services in UAE

With this new regulation it is expected that drones will soon be appearing in stores all around Saudi Arabia. (Shutterstock)
January 12th, 2019 - 08:32 GMT

Saudi Arabia Starts Issuing Drone Permits

The World Bank expressed concern about the growing risk factors in the region as a result of conflicts and economic slowdown. (Shutterstock)
January 12th, 2019 - 08:17 GMT

World Bank: Lebanon GDP to Grow 0.3 Percent in 2019

This means patients suffering from cancer, sickle cell anaemia and thalassaemia will no longer have to travel abroad. (Shutterstock)
January 12th, 2019 - 07:08 GMT

Bahrain to Become First Plasma Manufacturer in the Arab World

The countries which came close to “true” gender parity were Bahrain, the UK and the Netherlands. (Shutterstock)
January 12th, 2019 - 06:54 GMT

Bahrain Ranks First in Gender Parity Index

The draft decision aims to encourage the private sector to invest in the recycling industry and speed up land allotment to investors. (Shutterstock)
January 11th, 2019 - 07:30 GMT

Qatar to Lease Lands for Recycling Industries

People in the UAE work 5.5 days per week on average compared to 5.7 days in India. (Shutterstock)
January 11th, 2019 - 06:30 GMT

Survey: 32 Percent of UAE Residents Anxious About Retirement

The apps were produced by an Israeli software company. (Shutterstock)
January 11th, 2019 - 06:00 GMT

Lebanon Warns Citizens From Using Apps Developed by Israel

High interest rates will cause economic contraction at a time when the economy is already witnessing slow growth. (Shutterstock)
January 11th, 2019 - 05:30 GMT

Banks Profitability Affected by High Interest Rates in Lebanon

The planned summit also comes as some Arab countries are warming up to Syria, whose membership in the Arab League has been suspended since 2011 after the outbreak of the civil war. (Shutterstock)
January 10th, 2019 - 11:39 GMT

Fate of Arab Economic Summit Uncertain Due to Absence of Lebanese Government

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