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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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Kirill Dmitriev, Chief Executive Officer of the Russian Direct Investment Fund, speaks during a session of the St. Petersburg International Economic Forum (SPIEF) in Russia on Monday. (Saudi Gazette)
June 26th, 2018 - 09:46 GMT

Saudi-Russian Oil Cooperation to Stabilize Market

The Jeddah municipality conducted over 5,600 inspection tours around food establishments and issued warning to 1,874 establishments for violating health requirements. (Pixabay)
June 26th, 2018 - 09:16 GMT

879 Eateries Shut During Municipality Inspections in Jeddah

Spot gold was up 0.1 percent at $1,266.26 an ounce, as of 0048 GMT. (Khaleej Times)
June 26th, 2018 - 08:55 GMT

Gold Inches up as Dollar Eases, 24k Priced at Dh153 in Dubai

The world’s biggest exporter is pumping 10 million barrels a day and has the capacity to produce two million more. (CPI Financial)
June 26th, 2018 - 08:45 GMT

Aramco CEO Pledges to Meet Oil Demand After OPEC Strikes a Deal

Most economists agree that Erdogan’s policies caused the rout. (CPI Financial)
June 26th, 2018 - 08:35 GMT

Erdogan's Hot Election Economy Risks a Meltdown After His Win

Arif Naqvi, Founder of Abraaj Group. (CPI Financial)
June 26th, 2018 - 08:12 GMT

Abraaj Founder Faces Criminal Complaint Over a Bouncing Cheque

Dubai and Abu Dhabi fell out of the world's top 25 most expensive cities.(Pixabay)
June 26th, 2018 - 07:26 GMT

Why UAE Has Become More Affordable for Expats

Compared to the UAE, prices in the Nordic states such as Norway and Sweden are higher by nearly 250 per cent and 220 per cent, respectively. (File/Photo)
June 25th, 2018 - 12:24 GMT

UAE Fuel Prices Among Lowest in the World

Tourist visa can now be availed for as short as 10-day visa, one month, and one year tourist visa. (Shutterstock)
June 25th, 2018 - 11:45 GMT

Major Changes in Oman Visa Rules

Turkish lira strengthens against US dollar following Erdogan's election success. (Pixabay)
June 25th, 2018 - 10:12 GMT

Turkey Lira Soars Against Dollar After Erdogan Victory

Dutch Minister for Foreign Trade and Development Cooperation Sigrid Kaag and her delegation meet with officials in Amman on Sunday. (Jordan Times)
June 25th, 2018 - 10:05 GMT

Netherlands Approves €400 Million in Aid for Syrian Refugee Host Countries

The domestic equity markets opening lower also put pressure on the rupee. (Pixabay)
June 25th, 2018 - 09:58 GMT

Rupee Weakens Against Dollar, Reaches 18.47 vs Dirham

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