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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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The use of local currencies in trade between Turkey and Russia is "necessary".
November 14th, 2018 - 06:50 GMT

Turkey, Russia Forge Ahead With Using Local Currencies to Counter 'Other Countries'

Turkey reached an agreement with the World Bank for $200 million in funding for public sector energy efficiency investments. (Shutterstock)
November 13th, 2018 - 11:12 GMT

Turkey Receives $200 Million for Public Energy Sector Investments

Women are the least paid and their participation in the labour market is recorded much more in the informal sector and in vulnerable activities. (Shutterstock)
November 13th, 2018 - 11:07 GMT

With More Women Working, MENA's Growth Can Reach $ 600 Billion a Year

Will Lebanon Witness Another Wave of IMF Instructions? (Shutterstock)
November 13th, 2018 - 10:26 GMT

Will Lebanon Witness Another Wave of IMF Instructions?

Jordan and Japan on Monday discussed an investment plan to revitalise the Hijaz Railway’s infrastructure in support of the national economy. (Shutterstock)
November 13th, 2018 - 10:22 GMT

Japan to Help Jordan Reinvigorate Hijaz Railway With New Investments

Iran has kept its stock of low-enriched uranium and the level to which it refines uranium within the limits set by the JCPOA. (Shutterstock)
November 13th, 2018 - 09:59 GMT

Iran Honouring Its JCPOA Commitment Regardless of US Sanctions

US Secretary of State Mike Pompeo has told Saudi Crown Prince Mohammed bin Salman that Washington will hold accountable all those involved in the killing of Khashoggi. (Shutterstock)
November 13th, 2018 - 09:51 GMT

Trump, Pompeo Not Losing Sight of the Bigger Financial Picture With Saudi

The United Nations decided to increase their aid to $14 Million, instead of the $7 Million. (Shutterstock)
November 13th, 2018 - 08:52 GMT

UN to Double Yemeni Food Aid to $14 Million as Starvation Looms

Kuwait has called for frozen funds to be returned. (Shutterstock)
November 13th, 2018 - 07:59 GMT

Kuwait Demands Release of Its Frozen $500 Million From Dubai

Their contribution in aid to the impoverished nation which faces a devastating Saudi war and blockade amounts to just two percent of their revenues from the arms sales. (Shutterstock)
November 13th, 2018 - 07:49 GMT

EU Arms Sales to Saudi Arabia and UAE at $86.7 Billion, While UN Yemen Mission Is Underfunded

U.S. President Donald Trump criticized Saudi Arabia’s announced plan to cut oil production. (Shutterstock)
November 13th, 2018 - 07:36 GMT

Trump Furious Over Saudi Oil Production Cuts Plan

Out of the 346 workers who were arrested, 169 were “fugitive workers”, 162 were “freelance workers” and 15 were undocumented workers. (Shutterstock)
November 13th, 2018 - 07:31 GMT

Oman Cracks Down on Expats With Hundreds of Arrests and Deportations

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