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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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A malnourished Yemeni boy sits on a wooden bench on 26 September 2016. (AFP)
November 22nd, 2018 - 05:38 GMT

UAE, Saudi, Launch New $ 500 Million Humanitarian Aid Bridge to Yemen

The minister warned the UAE that "the handling of this case... will have repercussions for the relationship between our two countries, which has to be built on trust. (AFP)
November 22nd, 2018 - 05:34 GMT

Would the UK Consider Sanctions on UAE for British Student's Life Sentence?

VAT was introduced at a standard rate of 5 per cent.  (Shutterstock)
November 22nd, 2018 - 05:28 GMT

Saudi Calls on Businesses for VAT Registration Before Dec 20

The company raised $30 million through the sale of Islamic bonds in May. (Shutterstock)
November 22nd, 2018 - 05:25 GMT

UAE's Virgin Mobile MEA Considering IPO

“New initiatives in reference to SPV are being developed and our expert talks with them are continuing,” Araghchi added. (Shutterstock)
November 22nd, 2018 - 05:19 GMT

Iran Announces SPV Talks With Europe Are Progressing

The statement comes at a very sensitive time when the global spotlight is focused on Mohammed bin Salman, the crown prince of Saudi Arabia and the country’s de facto ruler, and on his potential role in the killing of the Saudi journalist Jamal Khashoggi in Istanbul on Oct. 2. (Shutterstock)
November 22nd, 2018 - 05:15 GMT

US, Saudi Relations Must Remain Intact to Keep Oil Prices Low, According to Trump

The study revealed that 35 per cent of the total investment in Fintech startups in Mena over the past 10 years were made in 2017; or Dh193 million out of the Dh550 million invested between 2008 and 2018 were completed last year. (Shutterstock)
November 21st, 2018 - 05:59 GMT

Funding for Fintech Startups in MENA to Jump to Dh 7.3 Billion in Next Decade

The deal with the CPF comes in light of the foundation’s targeting of thousands of young people across the Kingdom and its keenness on developing the youth’s capabilities to better serve their communities, the statement said. (Shutterstock)
November 21st, 2018 - 05:55 GMT

Jordan, UAE Sign $100 Million Fund to Support Entrepreneurs in Jordan

Global smart city spending is set to accelerate from $81 billion in 2018 to $158 billion by 2022, Dr Abdallah said, citing data from International Data Corporation. (Shutterstock)
November 21st, 2018 - 05:47 GMT

MEA Smart Cities to Spend $2.7 Billion on Technology

Unemployed Tunisians sit at a phosphate production plant in Kef Eddour. (AFP)
November 21st, 2018 - 05:42 GMT

Tunisia Banks on Its Mining Sector to Revive Its Economy

Renewed buying comes after the US went back on its pledge to zero Iran’s oil exports and give waivers to eight major clients of the country. (Shutterstock)
November 21st, 2018 - 05:34 GMT

Japan, South Korea to Resume Oil Imports From Iran

The Iranian fleet is ranked 21st among national fleets, with over 700 vessels operating in the Caspian Sea, Persian Gulf and Gulf of Oman. (Shutterstock)
November 21st, 2018 - 05:29 GMT

Iran Accuses US of Breaching International Maritime Laws

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