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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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Solar and wind power generation has risen from 2 per cent to 10 per cent of the country’s generated power since 2014. (Shutterstock)
December 13th, 2018 - 08:39 GMT

Jordan Aims to Have Renewable Energy Contribute to 20 Percent of Energy Needs

Internet retailing in the UAE is valued at Dh7.4 billion - exclusive of VAT - in 2018, growing by 18.8 per cent over the previous year. (Shutterstock)
December 13th, 2018 - 08:33 GMT

UAE Tops List of Best MENA Country for Online Shopping

Iran Ready to Cooperate Fully With IAEA. (Shutterstock)
December 13th, 2018 - 07:47 GMT

Iran Ready to Cooperate Fully With IAEA

In quitting Iran, multinational European firms ignored pleas by their governments to stay their ground and continue trade. (Shutterstock)
December 13th, 2018 - 07:44 GMT

EU, US Exports to Iran Increase Despite Sanctions

Iran and Oman have had good economic relations from old times and the ties have even expanded in recent years due to extended bank cooperation between the two countries. (Shutterstock)
December 13th, 2018 - 07:39 GMT

Oman, Iran to Strengthen Trade via New Marine Line

Amir Abdollahian, Iranian parliamentary official (AFP)
December 13th, 2018 - 07:21 GMT

Europe's SPV Solution to Circumvent US Sanctions on Iran Might Launch End of Year

Abdul-Mahdi said he would send a delegation to the United States to seek an exemption from sanctions to keep importing gas from Tehran. (Shutterstock)
December 13th, 2018 - 07:13 GMT

Iraq Takes a Strong Stance With Iran Against US Sanctions

Prime Minister-designate Saad Hariri. (AFP)
December 13th, 2018 - 07:00 GMT

Hariri Reassures CEDRE Implementation Despite Government Formation Delays

The Central Bank of Iran had been focused mainly on stabilizing foreign-exchange market over the past few weeks through promoting Iran’s national currency. (Shutterstock)
December 12th, 2018 - 08:00 GMT

Iran Claims Its Oil Exports Have Increased Since US Sanctions

Iran and South Africa underlined broadening their bilateral ties in different areas in their joint statement. (Shutterstock)
December 12th, 2018 - 07:49 GMT

Iran, South Africa to Increase Tech, Business Ties

The regional market witnessed a slight decline during 2014-2016. (Shutterstock)
December 12th, 2018 - 07:41 GMT

Middle East Fire Safety Market Will Reach a Sizzling $3 Billion by 2024

The Qatari envoy to Israel and the Gaza Strip Mohammed Al-Emadi. (Asharq Alawsat)
December 12th, 2018 - 07:34 GMT

Israel Stands in Way of Qatar's Doha-Gaza Air Link Proposal

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