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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 grand opening of the world's largest Warner Bros. branded indoor theme park is on July 25. (File/Photo)
July 24th, 2018 - 09:13 GMT

UAE Leaders Open The Doors to $1 Billion Warner Bros. World in Abu Dhabi

Driven by rapid advancements in Internet of Things (IoT) technology, cloud computing and network connectivity, smart city projects are setting out to overcome these issues and make cities cleaner, more efficient and better coordinated. (Shutterstock)
July 23rd, 2018 - 01:04 GMT

Smart City Projects to Resolve Urban Areas' Issues

Autonomous cars need to navigate their environments independent of human input, detecting changes on the road through radars, lidars, odometry, computer vision and GPS. (Shutterstock)
July 23rd, 2018 - 12:50 GMT

Will We See Self-Driving Cars in the Market Soon?

The satellite, called Athena, is slated to blast into orbit in 2019, according to e-mails obtained from the US Federal Communications Commission (FCC) in response to a Freedom of Information Act request filed by Wired. (Shutterstock)
July 23rd, 2018 - 11:11 GMT

Ground Control to Facebook: Beam down the Internet to Earth

Outlook for GCC equities positive, with banking shares seen to gain the most. (Shutterstock)
July 23rd, 2018 - 10:50 GMT

GCC Stock Markets Expected to Soar in H2'18

In June, workers of two contracting companies staged separate protests over unpaid salaries. (Shutterstock)
July 23rd, 2018 - 10:10 GMT

Hundreds of Expats Suffer from Unpaid Wages in Bahrain

A total of 201,577 detainees were referred to concerned embassies and consulates to issue them with travel documents while 250,396 others were finalizing their flight bookings for their final departure from the country. (Pixabay)
July 23rd, 2018 - 10:02 GMT

1.5 Million Illegal Expats in Saudi Arabia Arrested Within 8 Months

The Islamic insurance sector continues to face secular challenges around relatively concentrated and undifferentiated business models and high expense ratios. (Shutterstock)
July 23rd, 2018 - 09:54 GMT

Islamic Insurance Industry Remains Profitable Regardless of the Net Profit Plummet

The central bank said that, 85 per cent of those debts are owed to local banks, while the remaining 15 per cent are owed to financial facilities companies. (Shutterstock)
July 23rd, 2018 - 09:18 GMT

Kuwait Banks Burdened with $1.8 Billion Bad Debts for Laid off Expats

HSBC and Credit Suisse were selected based on their expertise and credentials in the investment banking industry. (Shutterstock)
July 23rd, 2018 - 09:04 GMT

HSBC,Credit Suisse Evaluates KFH Potential Merger with AUB

Trade, logistics, financial services, hospitality and tourism, real estate, construction and manufacturing now make up more than 90 percent of business activity in the Emirate. (Shutterstock)
July 23rd, 2018 - 08:59 GMT

Dubai Mulls over Investments in Egypt

This is a result of more stock entering the Sharjah market, making it more competitive. (AFP)
July 23rd, 2018 - 08:52 GMT

Rent Prices Continue to Fall in These UAE Cities

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