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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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Foreign Ministry spokesman denies 'baseless' rumors regarding any agreement between Tehran and Seoul, local media reports. (Shutterstock)
December 5th, 2018 - 06:53 GMT

Iran Refutes Oil-For-Food Deal With South Korea


The launch of the Jordanian satellite aims firstly to achieve educational and research purposes. (Shutterstock)
December 4th, 2018 - 11:12 GMT

Jordan Enters the Space Race With Launch of First Nanosatellite

According to the agreement, 50 per cent of the total amount is scheduled to be paid off over the next two weeks, 25 per cent in February 2019 and 25 per cent in April.
December 4th, 2018 - 11:04 GMT

Libya to Pay off Its $220 Million Debts to Jordan's Hospitals

Despite the development, the monetary situation is still stable, noting that the Central Bank has other tools at its disposal to draw more funds. (Shutterstock)
December 4th, 2018 - 10:49 GMT

Almost $570 Million Converted to Dollar Account in Lebanon

Cryptocurrencies overall were flat, with the total coin market capitalization at $130 billion at the time of writing. (Shutterstock)
December 4th, 2018 - 10:39 GMT

Bitcoin Prices Still Tumbling While Calls for Regulations Persist

Forty countries are represented at the three-day event in Egypt, one of the Middle East's top military powers. (Shutterstock)
December 4th, 2018 - 09:49 GMT

Why Did Sisi Inaugurate Egypt's First Arms Trade Fair?

Qatar has decided to withdraw its membership from OPEC effective January 2019 and this decision was communicated to OPEC this morning. (Shutterstock)
December 4th, 2018 - 08:48 GMT

The Real Reason Behind Qatar's Withdrawal From OPEC

The current US dollar is worth around 42,000 rials in the official market, and above 110,000 rials in the open market. (Shutterstock)
December 4th, 2018 - 08:38 GMT

Iran Forecasts Its Oil Sales at $54 With 1.5 Million Bpd in 2019

US special envoy for Iran Brian Hook rejected Iran’s insistence that its missile program is defensive. (Shutterstock)
December 4th, 2018 - 08:23 GMT

Will the EU Impose Sanctions on Iran Over Its Ballistic Missile Tests? the US Thinks It Should

Dubai is determined to turn the challenges into opportunities as it tackles global cybersecurity threats on its path to continued growth. (Shutterstock)
December 4th, 2018 - 07:32 GMT

This Is How Dubai Plans to Lead the Pack in Cybersecurity Innovation

The UAE's leisure and entertainment market potential will reach 45 million visitors by 2021. (Shutterstock)
December 4th, 2018 - 07:24 GMT

Will Dubai's Entertainment Strategy Help Boost Its Economy?

The expo is a good opportunity to strengthen the relations between Qatar and Oman. (Shutterstock)
December 4th, 2018 - 07:12 GMT

Oman, Qatar Relations Strengthened by Blockade

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