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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 new rule leaves expat families facing a difficult choice. (GDN)
July 25th, 2018 - 08:07 GMT

Expats Urge Bahrain to Reconsider Minimum Wage Rule for Dependent Visas

In the Middle East, personal wealth rose by 11 per cent to Dh13.96 trillion ($3.8 trillion) in 2017. (Shutterstock)
July 25th, 2018 - 06:53 GMT

Report: Private Wealth in UAE to Reach Dh2.16 Trillion by 2022

Smart Crowd is a digital crowdfunding platform that pools capital among a group of people to collectively own a property. (Shutterstock)
July 25th, 2018 - 05:59 GMT

Smart Crowd: Have Your Own Property in Dubai for as Little as Dh5,000

Cryptocurrencies overall were also higher. The coin market cap of total market capitalization was at $300 billion at the time of writing compared to $288 billion on Monday. (Shutterstock)
July 24th, 2018 - 07:30 GMT

Bitcoin Rises Above $8,000 for First Time Since May

This is due to US withdrawal from the Iran nuclear deal and US President Donald Trump’s determination to bring Iran’s oil exports to a standstill. (Pexels)
July 24th, 2018 - 11:52 GMT

Crude Oil Markets to Face Fluctuating Prices

As of April, more than 800,000 had left the country since late 2016. (AFP)
July 24th, 2018 - 10:50 GMT

Saudi Economy Suffers from Foreign Workers Exodus

The total number of foreigners in the Saudi labor market declined by around 796,000 since the start of 2017.  (AFP/Karim Jaafar)
July 24th, 2018 - 10:36 GMT

Expats Exodus Shakes the Saudi Construction Sector

Rents have been negatively impacted by weak demand following job losses and cuts in housing allowances leading to more vacancies. (Shutterstock)
July 24th, 2018 - 10:24 GMT

Dropping in Demand Results in 2 Percent Fall in Abu Dhabi Rents

The roll-out of long-term residency visas could be a game changer for the real estate industry. (Shutterstock)
July 24th, 2018 - 10:02 GMT

Visa Reforms in UAE to Enhance the Real Estate Market

Compared to the 2016 scores, Oman has improved on all three indices and is ranked sixth among the Arab countries and second in the Online Services Index. (Shutterstock)
July 24th, 2018 - 09:50 GMT

UN Survey: Oman Ranks Second in Arab Region in Online Services Index

The tender is the second to be issued by the ministry under the National Renewable Energy Program, a government strategy which sets out specific targets on future renewable energy production. (Shutterstock)
July 24th, 2018 - 09:33 GMT

Saudi Arabia $500 Million Wind Farm Project Receives Four Bids

Riyadh came in the 30th place in this assessment of municipal portals, which studied 7 cities in Africa, 6 in the Americas, 13 in Asia, 12 in Europe, and 2 in Oceania, with the top three leaders among them being Moscow, Cape Town and Tallinn. (Shutterstock)
July 24th, 2018 - 09:19 GMT

Riyadh Hits 30th Place in UN E-Government Survey

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