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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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Iran's government faces acute economic challenges as it announces its annual budget. (Shutterstock)
December 26th, 2018 - 10:50 GMT

Iran's Economic Challenges Go Beyond US Sanctions

The authorities rejected the offer, saying accepting the aid would be an unforgivable immoral act and departure from its principles. (Shutterstock)
December 26th, 2018 - 10:45 GMT

Sudan Turns Down Aid in Exchange for Cutting Relations With Qatar, Turkey

The report stated that the UAE has become one of the best countries in developing energy efficiency. (Shutterstock)
December 26th, 2018 - 10:38 GMT

Report: 3 Arab Countries Among Best Countries Worldwide in Developing Renewable Energy

KSRelief provides health services to all Yemeni people in coordination with the Yemeni Higher Relief Committee represented by the Yemeni Ministry of Health and Population, and local and international partners. (Shutterstock)
December 26th, 2018 - 10:33 GMT

Saudi's Humanitarian Aid Continue Operations in Yemen

Authorities recovered 81 heroin capsules from the passenger’s stomach, carrying in total 589 grams of the banned drug. (Shutterstock)
December 26th, 2018 - 10:23 GMT

5 Smuggling Drugs Attempts Thwarted in Saudi Arabia

The Kingdom is working on plans to boost its non-oil exports and the strategy adopted by the ports authority is aimed at boosting exports from all sectors. (Shutterstock)
December 26th, 2018 - 09:52 GMT

Saudi Ports Authority Implements Reforms to Boost Non-Oil Exports

UAE's thriving startup industry attracts global VCs and investors. (Shutterstock)
December 26th, 2018 - 08:19 GMT

What UAE Startups Should Expect in 2019

Customers assured that defective products will be replaced free of cost. (Shutterstock)
December 26th, 2018 - 08:13 GMT

Japanese, US Vehicles Recalled in UAE Due to Mechanical Problems

Visa reforms and proposed regulations improve buyer sentiment. (Shutterstock)
December 26th, 2018 - 08:09 GMT

The UAE Real Estate Market 2018 in a Nutshell

A sum of Dh19 will be added per health insurance policy from January. (Shutterstock)
December 26th, 2018 - 08:04 GMT

Basic Insurance to Cover 3 Types of Cancers in UAE Starting January 2019

No action was taken to resolve the problems despite repeated warnings. (Shutterstock)
December 26th, 2018 - 07:58 GMT

Eateries Shut in UAE for Flouting Hygiene Rules

The oil market showed signs of edging up on Monday as Opec hinted that it might extend or even deepen its pledged output curbs. (Shutterstock)
December 25th, 2018 - 10:21 GMT

Will We Witness a Recovery in Oil Prices After Monday's Calamity?

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