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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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Any annoyance complaints from the public against a real estate firm or a real estate broker, will be dealt with firmly and they will be fined up to Dh50,000. (Shutterstock)
July 9th, 2018 - 09:12 GMT

Real Estate Agents to Pay Dh50,000 Fine Over Telesales in UAE

The rupee appreciated by 30 paise to 68.57 against the US dollar. (Pixabay)
July 9th, 2018 - 08:57 GMT

Rupee Rises Against Dollar to 68.57, 18.62 Against UAE Dirham

Need to look for alternative ways in order to avoid dangerous consequences: experts. (Shutterstock)
July 9th, 2018 - 08:53 GMT

Kuwait to Suffer the Most If Iran Closes Strait of Hormuz

13 workers have ended their lives in the past three months. (Shutterstock)
July 9th, 2018 - 08:46 GMT

Suicides Among Expat Labourers in Bahrain Have Been on a Rise

2,140 contracts of expatriates froze in Kuwait. (Shutterstock)
July 9th, 2018 - 08:39 GMT

More Than 2000 Contracts of Expats Cancelled From Public Budget in Kuwait

Ihyaa is a social initiative that focuses on school renovation projects in Jeddah’s poor neighborhoods. (Arab News)
July 8th, 2018 - 11:43 GMT

Young Saudi Architects Transform Schools

Sisi is trying to raise his political stock by announcing a  vast number of extraordinary, and just as unrealisable, mega-projects. (AFP)
July 8th, 2018 - 11:29 GMT

Sisi and the Mega Projects: Are They Enough to Raise Egypt's Economy?

Amending the Income Tax Law comes with one question for all: ‘does the tax law serve national growth and social justice?' (Shutterstock)
July 8th, 2018 - 11:21 GMT

Discussions in Jordan to Amend Income Tax Law


Tunisia’s inflation has been on the rise reaching the peak since 1990 which saw the central bank raising key interest rates last month by 100 basis points to 6.75 per cent. (Shutterstock)
July 8th, 2018 - 10:08 GMT

Tunisia Receives $250 Million From IMF

The Banque du Liban's large gross foreign reserves maintains the Lebanese financial systems considerable liquidity buffers to weather a period of slower financial inflows or short-term outflows. (Shutterstock)
July 8th, 2018 - 10:01 GMT

Lebanese Banking System Is Stable Despite Various Challenges

Oman’s diversification efforts and the planned completion of major infrastructure projects are indicators to a positive outlook. (Shutterstock)
July 8th, 2018 - 08:55 GMT

IMF: Non-Oil Economic Growth to Increase by Four per Cent in Oman

“The plan outlaid an aspirational target of OMR700 million for the value of GOEs transferred to private sector owners between 2017 and 2021." - ISFU annual report (Shutterstock)
July 8th, 2018 - 08:47 GMT

Privatization in Oman to Raise OMR700 Million by 2021

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