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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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Facebook stock nosedived 20 per cent. (Shutterstock)
July 26th, 2018 - 08:47 GMT

Facebook Stock Falls 20 Percent, Loses $120 Billion in Market Value

Qatar has signed more 50 bilateral agreements for safeguarding Qatari investments in other countries around the world. (Shutterstock)
July 26th, 2018 - 08:34 GMT

Qatar Signs Over 50 Deals for Investments' Protection Abroad

The Minister indicated that Saudi Arabia is temporarily halting all oil shipments through Bab-El-Mandeb Strait until the situation becomes clearer. (Shutterstock)
July 26th, 2018 - 08:12 GMT

Saudi Arabia Halts Oil Shipments Through Red Sea After Houthi Attacks

The funding is the first action adopted following the agreement by EU member states to finance an additional €3 billion ($3.5 billion) for the Facility for Refugees in Turkey. (Shutterstock)
July 26th, 2018 - 08:00 GMT

EU Supports Syrian Refugees Education in Turkey With $468 Million

The UAE, led by Dubai with a volume of new developments in the Middle East, has over 200 projects underway. (Shutterstock)
July 26th, 2018 - 06:35 GMT

UAE Hospitality Industry to Reach $7.6 Billion by 2022

Iraq exported about 625 million barrels of oil during the first half of the year, compared with 592 million barrels over the same period in 2017. (Shutterstock)
July 25th, 2018 - 11:25 GMT

Iraqi Oil Exports Increase Despite the Unsettled Situation in Basra

The mobile market witnessed a previous decline in the number of mobile subscribers in March, losing about 1.2 million subscribers. (Shutterstock)
July 25th, 2018 - 11:11 GMT

Egypt Mobile Market Loses Around 1.5 Million Subscribers in April

Etisalat Group’s financial performance of the first half of this year showcased its ability to innovate and lead in the telecom and digital services arena. (File/ Photo)
July 25th, 2018 - 09:59 GMT

Etisalat UAE Reports $1.17 Billion Net Profit in H1'18

Since 2004, the EU has financed the construction of 10 solid-waste treatment facilities in Lebanon. (Shutterstock)
July 25th, 2018 - 09:45 GMT

EU, UN Face Backlash for Proposed Solutions on Waste Management in Lebanon

A number of 13 new technologies have been produced in pharmaceutical field in less than a year. (shutterstock)
July 25th, 2018 - 09:31 GMT

Iran Introduces 13 New Technologies in Pharmaceutical Industry

Cairo attracted foreign investments worth $13.7 billion. (Shutterstock)
July 25th, 2018 - 09:22 GMT

Egypt Leads in Attracting Foreign Investments Across Africa

The investments are distributed in 42 countries, with the UAE hosting the largest share. (Shutterstock)
July 25th, 2018 - 08:26 GMT

Jordanian Expats' Investments Worth $7.2 Billion

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