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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 value of imports reached Dh22.1 billion, while exports and re-exports amounted to Dh4.47 billion and Dh886 million respectively. (Dubai Media Office)
July 8th, 2018 - 08:35 GMT

Dubai Non-Oil Trade With South Korea Reaches More Than $7 Billion


US sanctions could prove ineffective if rising oil prices largely make up for any lost Iran volumes. (Shutterstock)
July 8th, 2018 - 08:27 GMT

Report: Iran Export Curbs to Increase Oil Price to $9 per Barrel

Banks are not funding because they are a risky investment and there is a need to have a separate venture capital or guarantee scheme for them. (Shutterstock)
July 8th, 2018 - 08:21 GMT

Default Rate Declined Remarkably Among UAE SMEs

The number of non-Saudi employees fell from 10.42 million at the end of the fourth quarter of 2017 to 10.18 million at the end of the first quarter of 2018. (Shutterstock)
July 8th, 2018 - 08:14 GMT

Almost A Quarter Million Expats Lost Jobs in Q1 in 2018 in Saudi Arabia

Britain, France and Germany along with Russia and China met with Iran in Vienna to offer economic benefits and assurances that would lessen the blow of sweeping US sanctions announced by Trump. (AFP)
July 7th, 2018 - 01:51 GMT

5 World Powers Commit to Iran Deal, Back Oil Exports Despite US Sanctions Threat

Under the deal, Jordan will receive 3 billion cubic metres of gas per year. (Shutterstock)
July 6th, 2018 - 06:30 GMT

Natural Gas From Israel to Jordan in 2020

Naqvi, 57, is currently outside the UAE after the public prosecutor issued a warrant for his arrest. (AFP)
July 6th, 2018 - 06:00 GMT

Abraaj's Founder Nears Out-Of-Court Settlement

The Tripoli railway station, Lebanon, Friday, July 21, 2017. (The Daily Star)
July 5th, 2018 - 12:56 GMT

Turkey Helps Funding Tripoli Train Station Restoration in Lebanon

Prime Minister Omar Razzaz meets with the International Advisory Group in Amman on Thursday. (Jordan Times)
July 5th, 2018 - 12:25 GMT

Jordan Reviews Nuclear Programme Progress With International Advisory Group

Although Lebanese banks are behind many countries in their digital customer service, they’re eager to jump in, despite a lack of hospitable laws. (Shutterstock)
July 5th, 2018 - 11:17 GMT

Lebanese Banks to Fixate on Tech Innovation

The company’s new Asia marker will replace Platts Oman with Dubai Mercantile Exchange (DME) Oman. (Shutterstock)
July 5th, 2018 - 11:12 GMT

Saudi Aramco Changes Asia Crude Oil Price Formula

Saudi women have started to see the unlimited potential in all business areas. (Shutterstock)
July 5th, 2018 - 11:03 GMT

Saudi Business Women Who Broke All Stereotypes

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