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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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China is trying to expand and develop its relation with the Islamic Republic of Iran, using different organizations and institutions, in cooperation with the private sector, the deputy foreign minister emphasized. (Shutterstock)
December 18th, 2018 - 08:58 GMT

China Sees a Lucrative Market in Iran

The agreement covers the funding of the fourth phase of the €60 million renewable energy and energy efficiency program for lower energy consumption in the water sector. (Shutterstock)
December 18th, 2018 - 08:51 GMT

German Bank to Grant Jordan €97 Million

The court sentenced him to one year in jail and ordered him to pay a Dh426,800 fine on six counts of arson. (Shutterstock)
December 18th, 2018 - 08:45 GMT

Expat Fined More Than $300,000 for Arson in UAE

The data from the Iranian Customs Administration show that Iran’s exports to the UAE topped the list in terms of the value of exports in US dollars. (Shutterstock)
December 18th, 2018 - 08:21 GMT

Iranian Non-Oil Exports to GCC up to $6.5 Billion

The investors received some payments but it came to a sudden halt, which prompted the investors to request more information about the activities and why they had stopped receiving returns on their investments as agreed. (Shutterstock)
December 18th, 2018 - 08:13 GMT

Kuwait Arrests Two Businessmen Accused of Laundering Around $50 Million

Digital currency has several benefits including lowering the cost of banknote issuance and use of cash. (Shutterstock)
December 18th, 2018 - 08:07 GMT

Egypt Might Have Its Own Digital Currency Soon

The Egyptian banks’ digital wallets are serving around 10.5 million clients across the country. (Shutterstock)
December 18th, 2018 - 08:02 GMT

Egypt Bank Issues 12 Million Digital Wallets to Date

The figure was up 0.8 percentage points from September 2017. (Shutterstock)
December 18th, 2018 - 07:44 GMT

Turkey's Unemployment Swells to 11.4 Percent

It is a joint venture formed by Qatar Petroleum with a 70 percent interest, while ExxonMobil has a 17.6 percent interest, and ConocoPhillips has a 12.4 percent interest. (Shutterstock)
December 18th, 2018 - 07:38 GMT

Qatar to Pump $20 Billion in US Oil and Gas Sectors

Iraq’s booming oil output has come under increasing scrutiny from other producers. (Shutterstock)
December 18th, 2018 - 07:31 GMT

Iraq to up Its Oil Production to 5 Million Bpd in 2019

The police received reports on the gang calling victims about a Dh200,000 prize they had "supposedly won from a telecommunications company". (Ajman Police/Twitter)
December 17th, 2018 - 09:33 GMT

UAE Arrests 19 Expats Accused of Dh 200,000 Prize Phone Scam

Nowadays over 140 countries are now benefiting from blockchain technology through the world. (Shutterstock)
December 17th, 2018 - 09:28 GMT

Iran Sees Economy Saviour in Blockchain

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