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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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Textile and ready-wear sector exports rose 3.8 percent in 2018 to reach $26.1 billion. (Shutterstock)
January 9th, 2019 - 12:22 GMT

Turkey Exceeds $26 Billion in Clothing Exports

The law allows non-Qatari investors to own a percentage not exceeding 49 percent of the share capital of listed companies. (Shutterstock)
January 9th, 2019 - 11:41 GMT

Foreign Investment Law Aims to Boost the Economy in Qatar

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January 9th, 2019 - 11:25 GMT

Survey: 57% MENA Women Enter the Workforce Aiming for Financial Independence

In the 2019 budget, approximately OMR5 billion has been allocated for the education, health, housing and welfare sectors. (Shutterstock)
January 9th, 2019 - 10:46 GMT

39 Percent of Oman's 2019 Budget to Be Allocated for Social Sectors

The MENA region, economic growth is projected to rise to 1.9 percent in 2019. (Shutterstock)
January 9th, 2019 - 09:57 GMT

Global Economic Growth to Drop to 2.9 Percent in 2019

Apicorp made the prediction in a report as the oil price again ticked higher, supported by the hopes that talks between China and the US would defuse current trade tensions. (Shutterstock)
January 9th, 2019 - 09:40 GMT

Saudi Firm Predicts Oil Price to Hit $70 by Summer

The labour minister has the right to issue a decision to deport an illegal worker at the expense of the worker’s employer. (Shutterstock)
January 9th, 2019 - 09:29 GMT

Jordan Amends Labour Law Definitions, Announces Work Permit Exemptions

Globally, Dubai's carrier was ranked 19th most punctual among mainline airlines. (File/Photo)
January 9th, 2019 - 08:43 GMT

Emirates Ranks 2nd Most Punctual Middle East Airline in 2018

Dubai Design District (D3). (Shutterstock)
January 9th, 2019 - 08:29 GMT

Report: UAE Dominates the MENA Startups Ecosystem, Egypt’s Is the Fastest Growing

Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy and Industry. (AFP)
January 9th, 2019 - 08:15 GMT

UAE: OPEC Doesn't Control Oil Prices, the Market Does

Remittances of Egyptian expatriates in Jordan hit  $539,000 in December. (Shutterstock)
January 9th, 2019 - 08:04 GMT

Remittances of Egyptian Expats in Jordan Exceed $500,000

Many FSIs have started embracing cloud technology and artificial intelligence (AI) to improve their own agility. (Shutterstock)
January 8th, 2019 - 12:14 GMT

How AI Is Transforming the Financial Services Industry

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