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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 certification covers Stellar’s blockchain and its native currency called Lumens. (Shutterstock)
July 18th, 2018 - 11:24 GMT

Blockchain Platform Stellar Attains Shari’ah Compliance Certificates in Bahrain

The value of cross-regional deals targeting the Middle East increased to $8.1 billion in 2018 first half from $6.4 billion in the same 2017 period. (Shutterstock)
July 18th, 2018 - 11:13 GMT

UAE Dominates the Middle East's M&A Field

Eight people have been killed and hundreds wounded in demonstrations which entered their 10th day on Tuesday. (AFP)
July 18th, 2018 - 11:02 GMT

Iraq Online Shutdown to Result in Losses Worth $40 Million a Day

According to mid-year Cost of Living Index released by Numbeo, Dubai and Abu Dhabi were rated 113 and 97, respectively, in the list of most expensive cities during the first-half of 2018 as compared to 72 and 93, respectively, during H1 2017. (Shutterstock)
July 18th, 2018 - 10:52 GMT

Cost of Living in UAE Continues to Drop Due to Rents Fall

According to mid-year Cost of Living Index released by Numbeo, Dubai and Abu Dhabi were rated 113 and 97, respectively, in the list of most expensive cities during the first-half of 2018 as compared to 72 and 93, respectively, during H1 2017. (Shutterstock)
July 18th, 2018 - 10:52 GMT

Cost of Living in UAE Continues to Drop Due to Rents Fall

Apart from economists, investors and businessmen, international ratings agencies have expressed deep concern over the delay, reminding the authorities that the growing public debt has reached alarming levels. (Shutterstock)
July 18th, 2018 - 10:45 GMT

Delays in Cabinet Formation Will Hurt Lebanese Economy

Gammoh described the figures the sector achieved during the first six months of 2018 as “unprecedented”. (Pixabay)
July 18th, 2018 - 10:29 GMT

Tourism Sector in Jordan Achieves Unprecedented Figures

Syrian labourers are seen at Zaatari camp earlier this year. The majority of these workers are reluctant to join the formal labour market, officials have said. (JT)
July 18th, 2018 - 10:20 GMT

More Than 100,000 Work Permits for Syrians Issued in Jordan

The Israeli military said that it will only allow foods and essential medicines to cross. (AFP)
July 18th, 2018 - 10:11 GMT

Israel Halts Fuel, Gas Transferring into Gaza Despite Ceasefire

Students receive three years of academic and practical training. (Shutterstock)
July 18th, 2018 - 09:58 GMT

After Taking the Wheel on Earth, Saudi Women to Fly the Skies

The jobs will span various fields, including but not limited to education, health, agriculture, the financial sector and construction. (Shutterstock)
July 18th, 2018 - 09:39 GMT

1,000 Jobs for Jordanians Across 5 Sectors in Qatar

IMF maintained Saudi Arabia’s growth projections for 2019 at 1.9 per cent on predictions that oil prices would moderate. (File/Photo)
July 17th, 2018 - 12:27 GMT

IMF Changes Its Growth Forecast for Saudi Arabia

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