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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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A policeman checks the permits of residents in Saudi Arabia. (Arab News)
July 5th, 2018 - 10:41 GMT

Saudi Officials Warn Against Helping Illegal Workers

The two brands both have three teams playing in their jerseys in the quarter-finals. (Shutterstock)
July 5th, 2018 - 10:15 GMT

Nike Beats Its All-Time Rival Adidas at World Cup

Currently, 12 women are being trained to respond to emergencies. (Shutterstock)
July 5th, 2018 - 09:25 GMT

All-Women Rescue Teams at Dubai Beaches to Be Introduced Soon

Forex dealers said the rise of euro and yen against the greenback capped the rupee's fall. (Shutterstock)
July 5th, 2018 - 09:17 GMT

Rupee Reaches 18.68 vs Dirham

The UAE will have to pay more in salaries to attract and retain highly specialised talent. (Shutterstock)
July 5th, 2018 - 08:39 GMT

Salaries Expected to Increase Significantly for UAE Skilled Workers

No orders issued for expulsion of Qataris in 2017, UAE Ministry affirms. (Shutterstock)
July 5th, 2018 - 08:01 GMT

Qataris With Prior Permission Can Re-Enter UAE

The new addition sees the total designated zones increasing to 23 across the UAE. (Shutterstock)
July 5th, 2018 - 06:00 GMT

FTA Announces New Three UAE Free Zones out of VAT Scope

In May, Careem announced that it is currently in talks with investors to raise $500 million in funding. (Shutterstock)
July 4th, 2018 - 12:15 GMT

Uber Mulls Merger with Rival Careem in Middle East

The Central Bank of Oman reported that in 2017, up to OMR3.7 billion was sent overseas by expatriates living in the country, a slight drop from the OMR3.95 billion the previous year. (Shutterstock)
July 4th, 2018 - 11:52 GMT

More Than OMR3 Billion Worth of Remittances Sent by Expats in Oman Last Year

There has been a maximum average rental decrease of 10 per cent in most areas. (Shutterstock)
July 4th, 2018 - 10:56 GMT

Properties' Prices Keep Falling in Dubai

The partnership with VFS Global is part of Dubai FDI’s efforts to ensure a smooth journey for investors and advance their business. (CPI Financial)
July 4th, 2018 - 10:26 GMT

DED Agreement Facilitates Foreign Investor Licensing in UAE

Egypt kicked off its three-year $12 billion loan programme in late 2016. (Shutterstock)
July 4th, 2018 - 10:19 GMT

IMF Suggests Egypt Maintain Tight Monetary Policy to Avoid Inflation

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