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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 Lebanese companies named Wednesday were part of a broader list issued by the U.S. Treasury’s Office of Foreign Assets Control that included firms in Syria, Russia and Ukraine. (Shutterstock)
July 29th, 2018 - 09:19 GMT

U.S. Imposes New Sanctions on Lebanese Companies

Dubai already occupies a prestigious global position as an ultimate destination for tourism and recreation. (Shutterstock)
July 29th, 2018 - 09:10 GMT

Dubai Remains the Preferred Medical Tourism Destination in the Arab Region

The index is among the top performers on a global scale, ending the month of June with a 15.1% gain since the beginning of the year. (File/Photo)
July 29th, 2018 - 09:02 GMT

Saudi Stock Market Prospers in First Half of 2018

The number of Saudi doctors who are seeking job and who have been professionally categorized by the commission as doctors has reached 5,967, the SCFHS said. (Shutterstock)
July 29th, 2018 - 08:53 GMT

Unemployment in Saudi Arabia: Almost 6,000 Doctors Seeking Jobs

The value of total Qatari exports including exports of local origin and re-exports in June amounted to QR26.9 billion. (Shutterstock)
July 29th, 2018 - 08:33 GMT

Qatar's Trade Balance Surplus Soars 44.5 Percent to QR18 Billion

"I was banned from writing. I was banned from tweeting at that time." - Jamal Khashoggi (AFP)
July 29th, 2018 - 07:04 GMT

Saudi Self-Exiled Journalist: Free Expression Is Repressed in Saudi Arabia

The Iranian government said in April that it had developed an experimental domestic cryptocurrency. (Shutterstock)
July 29th, 2018 - 06:44 GMT

Iran to Launch Its National Cryptocurrency to Combat U.S. Sanctions

Huda Kattan, the Dubai blogger turned businesswoman comes on the 20th position and charges $33,000 (approximately Dh 121,000). (Instagram)
July 27th, 2018 - 06:00 GMT

These Are the Celebrities Who Made It to 'Instagram Rich List'

Data for the Index comes from the hundreds of millions of tests taken by real people using Speedtest every month.(Shutterstock)
July 26th, 2018 - 10:45 GMT

Qatar Ranks First in the World for Mobile Network Speeds

Illegal expat workers in the United Arab Emirates (UAE) can now leave the country without paying any fines as part of an amnesty campaign. (AFP)
July 26th, 2018 - 10:04 GMT

UAE Grants Amnesty to Illegal Expat Workers

The platform will allow SMEs to break down many obstacles and open up new opportunities. (Shutterstock)
July 26th, 2018 - 09:49 GMT

Saudi Arabia Launches Digital Financial Platform to Support SMEs

The country’s budget deficit had fallen below 10 per cent for the first time since 2011. (Shutterstock)
July 26th, 2018 - 09:39 GMT

Egypt's GDP Reaches Its Highest in 10 Years

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