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BUSINESS

BUSINESS latest

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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Only a small number of emerging markets have seen a convincing rebound in flows
May 5th, 2019 - 05:30 GMT

Emerging Markets Witnessing a Revival in Cash Flows

During the event
May 5th, 2019 - 05:29 GMT

Abu Dhabi University Students Celebrate Global Day

In a bid to reduce Iran's oil exports to zero, buyers of Iranian oil must stop purchases by May 1 or face sanctions.
May 5th, 2019 - 05:12 GMT

Iran Ridicules Effect of US Sanctions

The Gulf is a major buyer of US arms – Congress has approved $120 billion of sales since 2009 to Saudi Arabia alone.
May 5th, 2019 - 04:56 GMT

US Approves $6 Billion in Weapons Sales to Bahrain, UAE

The maximum number of ordinary working hours for adult workers shall be eight hours per day, or forty-eight hours per week
May 5th, 2019 - 04:48 GMT

Working in the UAE? Bill for Your Extra Hours, Says the Law

Bonds-held-to-maturity came second and valued Dh89.7 billion by the end of Q1
May 5th, 2019 - 04:43 GMT

UAE Banks' Investment up by 10.5 Percent to Dh367.8 Billion

Facebook has decided to shut down a clone of the main Group video chat app called "Houseparty"
May 4th, 2019 - 07:56 GMT

No More 'Houseparty' at Facebook

The US will also revoke two waivers that allowed Iran to ship its excess heavy water for storage and swap its enriched uranium for natural uranium
May 4th, 2019 - 07:50 GMT

While Tightening His Grip on Oil, Trump Extends Nuclear Waivers for Iran

Companies will have to fundamentally rethink their cost structure and find ways to keep prices low and extract enough value from their current business to finance new initiatives
May 3rd, 2019 - 10:01 GMT

Report: 5 Main Shifts in Consumer Behavior in the Middle East

Egypt targets to gradually raise economic growth rate to 8 percent
May 3rd, 2019 - 09:29 GMT

Egypt Aims to Provide 900,000 Jobs Annually

World Bank President David Malpass and Egypt's Minister of Investment and International Cooperation Sahar Nasr
May 3rd, 2019 - 09:00 GMT

Egyptian SMEs Receive World Bank $200 Million Support Fund

Bahrain’s Foreign Minister, Sheikh Khalid bin Ahmed Al Khalifa
May 3rd, 2019 - 09:52 GMT

Bahrain Will Not Allow Iran to Close the Strait of Hormuz

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