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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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Authorities will work to extradite any people involved in case from abroad. (Shutterstock)
July 23rd, 2018 - 08:46 GMT

Travel Ban on 7 Suspects Involved in Forged Tobacco Case in Jordan

Jordan consumes 25 to 30 per cent of locally manufactured medicines, and exports 70 to 75 per cent of the products to 60 countries. (Shutterstock)
July 22nd, 2018 - 09:58 GMT

Jordan Is the Only Arab Country with Higher Pharmaceuticals Exports Than Imports

Kuwait is gearing up to allow electric cars in its roads soon. (Shutterstock)
July 22nd, 2018 - 09:49 GMT

Electric Cars to Roam Kuwait Roads Soon

Sondos Alqattan was slammed after she attacked reforms to Filipino workers' rights in Kuwait, saying workers should have no right to a day off. (Alaraby)
July 22nd, 2018 - 09:21 GMT

Kuwaiti Blogger Condemned for Her Views on Domestic Workers

Real estate prices will rise after at least 20%, as a result of the increase in fuel and electricity prices. (Shutterstock)
July 22nd, 2018 - 08:43 GMT

Expert Predicts up to 30 Percent Increase in Egypt's Real Estate

The kingdom's total crude supply to the market in June were even higher than well-head production. (Shutterstock)
July 22nd, 2018 - 08:36 GMT

Saudi Arabia to Drop Crude Oil Exports by Approximately 100,000 bpd

The King Fahd Specialist Hospital in Tabuk region is the first in the kingdom to employ a robo as a pharmacist. (SPA)
July 22nd, 2018 - 08:02 GMT

First Smart Pharmacy Run by a Robot Opens in Saudi Arabia

The remittances of expatriate workers in Kuwait had declined during 2017 by 9.2 percent to KD 4.14 billion compared to KD 4.56 billion in 2016. (Shutterstock)
July 22nd, 2018 - 07:58 GMT

Remittances Increase by 3.5 Percent in Kuwait in Q1'18

Egyptian officials have been pushing to cut costs amid a broader effort to revive the economy. (Shutterstock)
July 22nd, 2018 - 07:54 GMT

Parliament in Egypt Goes Green to Cut Costs

In May, the Cabinet had adopted a 10-year visa scheme for talented individuals. (Shutterstock)
July 22nd, 2018 - 07:50 GMT

UAE to Start Implementing Visa Reforms

Since the establishment of a strategic partnership between the two countries in 2012, bilateral relations have been witnessing a comprehensive and rapid growth. (Shutterstock)
July 21st, 2018 - 08:14 GMT

10 Fields Covered in the UAE, China Joint Statement

The construction of the new roads aim to improve the capacity of the traffic flow on Sheikh Zayed Road. (Shutterstock)
July 20th, 2018 - 04:00 GMT

Dubai to Improve Its Traffic Flow with New Road Infrastructure Projects

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