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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 total residential stock in Riyadh remained unchanged at around 1.26 million units, with 15,000 units expected to complete by the year-end. (Shutterstock)
July 19th, 2018 - 09:56 GMT

Boosting Affordable Housing Supply Stimulates Riyadh’s Real Estate Sector

The country, with its huge infrastructure projects, has already been attracting the attention of the business community, especially in the sport related fields. (Shutterstock)
July 19th, 2018 - 09:50 GMT

This Is Why Qatar Has Potentials of Becoming a Global Business Hub

Market indicators suggest there was broad-based market slowdown in 2017. (Shutterstock)
July 19th, 2018 - 09:39 GMT

Report: Consumer Sector in Egypt to Fully Recuperate by Early 2019

Omani economy is heading towards a sustainable recovery. (Shutterstock)
July 19th, 2018 - 09:26 GMT

Analysis: Economy in Oman Is Recovering

Cannabis to Be Legalized in Lebanon for Medical Use. (Shutterstock)
July 19th, 2018 - 09:06 GMT

Cannabis to Be Legalized in Lebanon for Medical Use

Google aims to file an appeal against the €4.34 billion ($5.06 billion) fine imposed by the European Commission. (Shutterstock)
July 19th, 2018 - 08:59 GMT

Google to File an Appeal Against EU's €4.34 Billion Fine

Bitcoin’s rally cooled on Thursday after recording its biggest three-day rally this year. (Shutterstock)
July 19th, 2018 - 08:43 GMT

Bitcoin Falls Again After Climbing Above $7,500

The law, passed by parliament approved a EGP 5 billion start-up capital for the fund called ‘Egypt Fund’ with EGP 1 billion pounds to be transferred immediately from the treasury. (Shutterstock)
July 19th, 2018 - 08:38 GMT

EGP 200 Billion Sovereign Wealth Fund to Be Set up in Egypt

Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude. (Shutterstock)
July 19th, 2018 - 08:02 GMT

Aramco Mulls over Acquisition a Stake in SABIC

The Amazon founder and CEO now has a net worth more than $150 billion. (AFP)
July 18th, 2018 - 01:04 GMT

Amazon's Finder Becomes Richest Man in Modern History

The US low-cost carrier JetBlue last week became the first purchaser of the aircraft since its rebrand, with an order for 60 of the single-aisle planes. (AFP)
July 18th, 2018 - 12:34 GMT

Airbus Witnesses Increase in Regional Demand for A220

The bank operates in 30 countries on five continents and owns 40 per cent of Saudi Arabia’s Arab National Bank. (File/Photo)
July 18th, 2018 - 11:33 GMT

Arab Bank to Open Its First Branch in China

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