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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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Iranian President Hassan Rouhani (top- L) and Swiss President Alain Berset (top-R) watch as Iranian Foreign Minister Mohammad Javad Zarif (L) and Swiss Economic Minister Johann Schneider-Ammann sign an agreement in Bern on July 3, 2018. (AFP)
July 4th, 2018 - 09:49 GMT

Iran Threatens to Disrupt Oil Shipments From Neighboring Countries

Thanks to the growth in technology adoption, nationwide digital transformation, Smart Cities, and Expo 2020 Dubai, BMI Research predicts the UAE’s IT market will reach AED 20 billion in 2018. (Shutterstock)
July 4th, 2018 - 09:43 GMT

Smart Cities, Expo 2020 Drive UAE’s 2018 IT Market to Dh20 Billion

Anyone found to be involved with the nine individuals will also suffer the same consequence. (SCA)
July 4th, 2018 - 09:25 GMT

UAE Freezes Bank Accounts of 9 Iranians

Jeddah Governor Prince Mishal Bin Majed addressing the media at the governorate's office on Tuesday. (Saudi Gazette)
July 4th, 2018 - 08:44 GMT

More Than 3,000 Training Opportunities in Retail Sector for Saudis

Oil prices have gained over three per cent since Opec and allies announced on June 22 to raise output to meet production caps set in 2016. (Shutterstock)
July 4th, 2018 - 08:29 GMT

UAE Committed to Boost Oil Output

The non-oil private sector economy rose to 57.1 in June, up from 56.5 in May. (Pixabay)
July 4th, 2018 - 07:38 GMT

UAE Non-Oil Private Sector Economy Rises in June

Hundreds of cryptocurrencies have died so far in 2018 -- having been abandoned, unsupported or built upon scams. (Shutterstock)
July 3rd, 2018 - 12:13 GMT

More Than 1,000 Cryptocurrencies Failed in 2018

According to the Article 118 of the Oman Labour Law, violators can be penalised with fines ranging from OMR100 to OMR500, or a jail term of not more than one month, or both. (Times of Oman)
July 3rd, 2018 - 12:04 GMT

More Than 200 Companies Violated Midday Break Rule in Oman

Brent crude oil fell to $77.82 a barrel on Monday, a drop of $1.41. (Shutterstock)
July 3rd, 2018 - 11:55 GMT

Oil Prices Decline as Supplies Increase From Saudi Arabia and Russia

The NOC said that a state of emergency had been imposed at both ports. (Shutterstock)
July 3rd, 2018 - 11:03 GMT

Political Turmoil Results in Libya Oil Exports' Suspension

The Saudi Electricity Company (SEC) has maintained that the bills have gone up by about 67 percent over their value the same period last year. (Shutterstock)
July 3rd, 2018 - 10:51 GMT

Shoura to Discuss Rising Electricity Bills in Saudi Arabia

Jordan needs around JD5 billion annually in financing to cover debt and Eurobonds. (Shutterstock)
July 3rd, 2018 - 10:21 GMT

Jordanian Government to Meet IMF to Discuss Supervised Reform Plan Worth $700 Million

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