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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 oil production is expected to fall from the fourth quarter of 2018 as US sanctions take effect. (Shutterstock)
July 1st, 2018 - 08:59 GMT

GCC Main Beneficiaries of OPEC Output Hike

The White House statement undercut a tweet by Trump earlier in the day when he wrote that Saudi Arabia had definitely agreed to produce more oil. (Shutterstock)
July 1st, 2018 - 08:48 GMT

Trump on Twitter: Saudi Ready to Increase Oil Production

According to Mercer's annual cost of living survey, Hong Kong is the most expensive city. (Shutterstock)
July 1st, 2018 - 08:33 GMT

10 Most Exorbitant Cities for Expats in 2018

The issue has caused an uproar among the expatriate community. (Shutterstock)
July 1st, 2018 - 08:20 GMT

Residents in Bahrain Protest ‘Unfair Electricity and Water Charges’

Some residents are still waiting to check if the prices will drop further. (Shutterstock)
July 1st, 2018 - 08:10 GMT

Planning to Send Money Home? Here's What Indian Expats in UAE Should Know

Occupancy in Dubai dropped by 3.4% points from April of last year, but still remained one of the highest in the region. (Pixabay)
June 30th, 2018 - 11:30 GMT

Decent Occupancy Rates in UAE Hotels Despite the Market Challenges

Super 98 will cost Dh2.56 per litre, while Special 95 will cost Dh2.45 a litre. (Pixabay)
June 30th, 2018 - 11:00 GMT

Starting From Tomorrow, Lower Petrol and Diesel Prices in UAE

The Islamic sacrament is set to take place in August. (Pixabay)
June 29th, 2018 - 01:00 GMT

More Than 50% off on Haj Travels for Pilgrims From UAE

Plus 12 items that you cannot check-in and bring to the cabin. (Pixabay)
June 29th, 2018 - 09:00 GMT

Traveling This Summer From UAE? Make Sure Your Luggage Doesn't Include These 15 Items

Rising crude oil prices have deepened concerns about the country's current account deficit. (Pixabay)
June 28th, 2018 - 02:49 GMT

Rupee Recovers to 68.95 vs Dollar

The financing seeks to support Jordan to promote inclusive economic growth, create more jobs, and expand the National Aid Fund cash transfer programme to cover an additional 85,000 household. (Shutterstock)
June 28th, 2018 - 11:53 GMT

Jordan Gets $500 Million From the World Bank to Support Economic Reforms

Bahrain’s dinar recovered from 17-year lows and its bond prices rebounded after GCC allies promised to avert debt crisis. (Shutterstock)
June 28th, 2018 - 11:48 GMT

Bahrain Bond Prices Recover After Gulf Allies Support Pledge

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