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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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Data is the new currency and investing in new technology such as Artificial Intelligence helps interpret the insights and value delivered from data and apply it to enhance customer experience. (Shutterstock)
December 2nd, 2018 - 10:07 GMT

Reshaping the Future of Fintech

more than 1,686,891 illegal expatriates were arrested for violating residency laws. (Shutterstock)
December 2nd, 2018 - 09:33 GMT

Saudi Deports 564,800 Illegal Expats in One Year

Algeria’s Central Bank urged the government to “apply the tourniquet to stop the bleeding” and economic experts warned of a deepening crisis. (Facebook)
December 2nd, 2018 - 09:29 GMT

Despite Rising Oil Revenues, Algeria’s Foreign Currency Reserves Are on Steady Decline

Remittances in Oman have dropped this year, as numbers of expats in the country continue to decline. (Shutterstock)
December 2nd, 2018 - 09:20 GMT

With Expats Leaving, Remittances in Oman Are Taking a Plunge

Sourena Sattari, Vice President for Science and Technology. (Mehr News Agency)
December 2nd, 2018 - 09:10 GMT

Iran Eyeing a Slice of the Aerospace Industry Cake

It would be difficult for Iraq to substantially diminish its economic links to Iran. (Shutterstock)
December 2nd, 2018 - 08:52 GMT

How Are the US-Iraq Relations Faring Amidst Iran Sanctions?

The UAE passport holder can travel to 167 countries without the need for pre-visa requirements. (Shutterstock)
December 2nd, 2018 - 08:39 GMT

The UAE Now Has the Most Powerful Passport in the World

People in the MENA region don’t have to look far to see examples of this phenomenon. (Shutterstock)
December 2nd, 2018 - 08:28 GMT

Opinion: How to Prepare MENA Region for 300 Million Jobs by 2050?

Bank Melli said the OFAC 's claim about transferring money for Iraqi militias. (Shutterstock)
December 2nd, 2018 - 08:23 GMT

Iran Bank Slams US Claims of Illegal Money Transfer to Iraq as Baseless

Iran said Friday the European Union must be given more time to set up a trade mechanism meant to circumvent reimposed US sanctions on Tehran. (Shutterstock)
December 2nd, 2018 - 07:22 GMT

Iran 'Can't Wait Forever' While Europe Struggles to Find a Host for Their SPV

The murder of Jamal Khashoggi is abhorrent and represents an unconscionable attack on the freedom of expression of all individuals. (AFP)
December 2nd, 2018 - 07:14 GMT

Canada Announces Sanctions on 17 Saudis Linked to Khashoggi Murder

The antiquities included oil lamps, pottery, glass jars and statues dating back to various eras of Jordan’s history. (Shutterstock)
November 29th, 2018 - 05:13 GMT

Jordan Retains a Plethora of Trafficked Artefacts From Canada

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