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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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There has been some global resistance to cuts in OPEC oil production, with US President Donald Trump pushing Saudi Arabia to pump more oil to keep fuel prices low for Americans. (Shutterstock)
December 6th, 2018 - 03:58 GMT

Will OPEC+ Countries Cut Their Oil Output?

"Examining the reasons for Qatar’s exit from OPEC is a necessity,” Zanganeh said, adding that “OPEC has big problems from some oil producers which Qatar is not a part of.” (Shutterstock)
December 6th, 2018 - 03:46 GMT

Iran Wants to Dig Deeper Into Qatar's OPEC Exit

President Hassan Rouhani has reaffirmed that the United States will not be able to stop Iran’s oil sales. (AFP)
December 5th, 2018 - 11:29 GMT

Rohani Threatens to Stop All Oil Exports Through Arabian Gulf If US Targets Iran’s Crude Exports

Bitcoin surged to a record $19,511 in December 2017; now it’s nosedived around 82%. (Shutterstock)
December 5th, 2018 - 10:05 GMT

Is Bitcoin Facing a Boom-And-Bust Phenomenon?

The World Cup deals between Britain and Qatar are part of a rise in trade between the two countries which totalled £3.39bn in 2017, an increase of 70% over the last five years. (Shutterstock)
December 5th, 2018 - 09:54 GMT

UK Firms Bag £1.5 Billion Deals From Qatar for World Cup 2022

Iran's reliance on oil revenues in the next Iranian year's budget is no more than 25%. (Shutterstock)
December 5th, 2018 - 09:47 GMT

Can Iran Really Afford to Manage Country's Economy Without Reliance on Oil Exports?

H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. (Pinterest)
December 5th, 2018 - 09:21 GMT

272 Commercial Establishment in RAK Exempted From 50 Percent Renewal Fees, Fines

The pavilion is themed as ‘The Crosspoint for the Future’. (MEConstruction)
December 5th, 2018 - 09:11 GMT

Japan Unveils Its Pavilion Design for Expo 2020 Dubai

Crude oil is not among the list of products facing import duties, but traders said the positive sentiment of the truce also moved crude markets. (Shutterstock)
December 5th, 2018 - 07:44 GMT

Saudi-Russian Agreement Lifts Oil Prices by 5 Percent

The source pointed out the number of expatriate employees in the ministry decreased in the current fiscal year compared to the previous year when the number exceeded 1,500. (Shutterstock)
December 5th, 2018 - 07:36 GMT

Kuwait Halts 1080 Education Jobs Occupied by Expats

Standard Chartered has not yet officially made the strategy public. (Shutterstock)
December 5th, 2018 - 07:09 GMT

Standard Chartered Bank to Cut 100 Jobs in Dubai

Qatar’s decision to exit OPEC will have no major impact on the cartel’s decision-making process, oil output or oil prices in the short term. (Shutterstock)
December 5th, 2018 - 07:03 GMT

On the Heels of Its OPEC Exit, Will Qatar Increase Its Oil Output?

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