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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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Investors likely to be back in the trading ring to cash in on low valuations. (Shutterstock)
January 2nd, 2019 - 08:14 GMT

UAE Markets to Recover in 2019

Millions of dirhams in fines were waived off during the five-month visa amnesty scheme that ended on December 31. (Twitter)
January 2nd, 2019 - 08:09 GMT

UAE Visa Amnesty Scheme Successful with 88 Percent Response Rate

The 2019 budget will create 2,498 new jobs (Shutterstock)
January 2nd, 2019 - 08:05 GMT

More Than 2000 New Jobs to Be Created in Dubai in 2019

Saudi Arabia’s Crown Prince Mohammed bin Salman has ordered yet another social initiative titled “SNAD Mohammed bin Salman” program to empower citizens and to help them achieve their socioeconomic goals. (AFP)
December 31st, 2018 - 10:55 GMT

Mohammed bin Salman Launches Social Welfare Program

Former Nissan boss Carlos Ghosn will be spending the beginning of 2019 behind bars after a Tokyo court on Monday extended his detention through to January 11. (AFP)
December 31st, 2018 - 10:48 GMT

Nissan Ex-Chair's Detention Extended to January 11

Sharjah will continue to maintain an investment-friendly climate to foreign investors. (Shutterstock)
December 31st, 2018 - 07:59 GMT

More Jobs to Be Generated in This Emirate Due to Foreign Investments

It is a reflection of what a series of data leaks has done to damage the firm's reputation. (Shutterstock)
December 31st, 2018 - 07:52 GMT

Survey: Facebook Least Trusted Company

Iran’s non-oil exports hit over $33 billion. (Shutterstock)
December 31st, 2018 - 07:46 GMT

China's Exports to Iran Exceeds $8 Million in 2018

Intensive campaigns will be conducted immediately after the end of the amnesty scheme. (Shutterstock)
December 31st, 2018 - 07:39 GMT

UAE Amnesty for Illegal Expats Ends Today

Any person, who commits any act of discrimination of any form by any means of expression or by any other means, shall be sentenced to imprisonment for a period not less than five years, and by a fine not less than Dh500,000 and not exceeding Dh1 million or either one of these two penalties. (Shutterstock)
December 31st, 2018 - 07:33 GMT

Companies in UAE Can Be Fined up to Dh1 Million If Charged With Discrimination

A Danish couple, purchasing a 1,999 dirham camera, pushed DDF through the $2 billion barrier — and were presented with a $2,000 gift card. (Shutterstock)
December 31st, 2018 - 07:25 GMT

Dubai Duty Free Sales Breaks the Record in 2018

Emirates also said in a statement it was monitoring the situation but did not have anything to announce at this time. (File/Photo)
December 31st, 2018 - 07:20 GMT

UAE Aviation Regulator Evaluates Resuming Flights to Syria

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