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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 emirate is a highly cost-efficient place for startups to set up operations. (AFP)
June 25th, 2018 - 09:53 GMT

Sharjah: The SMEs’ Haven

Across the UAE, inflation rose following the introduction of a five per cent VAT in January 2018. (Shutterstock)
June 25th, 2018 - 09:42 GMT

Abu Dhabi Inflation up 3.7% Driven by Transport Costs

The Saudi exchange is still riding the wave of MSCI's announcement that it would add the stock market to its emerging markets benchmark. (AFP)
June 25th, 2018 - 09:28 GMT

Saudi Insurance Stocks Surge as Driving Ban Ends

Etihad said pilots who join Emirates on a two-year secondment would be placed on a leave of absence. (File/Photo)
June 25th, 2018 - 09:11 GMT

Etihad Pilots Can Work Temporarily for Emirates

Over 2,400 Labour Law violations were recorded by the ministry after the inspections, and a total of 279 closure warnings were issued to the organisations in conflict with the provisions of the Labour Law. (Jordan Times)
June 25th, 2018 - 08:21 GMT

Right Activists: Labour Ministry Campaign Overlooks Employers’ Violations, Working Conditions in Jordan

The official said that the campaigns resulted in arresting 6,228 illegal guest workers. (Pixabay)
June 25th, 2018 - 08:11 GMT

6,228 Illegal Workers Arrested in Jordan Since January

Earlier this month, Saudi Arabia, Kuwait and the UAE pledged $2.5 billion to help revive Jordan’s economy at the summit in Mecca gathered by Saudi King Salman Bin Abdulaziz. (Twitter)
June 25th, 2018 - 07:54 GMT

Saudi and Jordanian Business Leaders Discuss Opportunities After Mecca Summit

OPEC, Russia agree to raise output from July. (AFP)
June 24th, 2018 - 12:39 GMT

Saudi Arabia Pledges ‘Measurable’ Oil Supply Boost

As the 2020 Expo approaches, the Dubai economy is showing signs of rebounding. (Pixabay)
June 24th, 2018 - 12:24 GMT

Will Dubai's Economy Recover Anytime Soon?

Khalid Al-Hussan. (Illustration: Luis Grañena) (Arab News)
June 24th, 2018 - 12:15 GMT

After MSCI Upgrade, Tadawul Chief Turns to the Next Challenge for Saudi Arabia

Stores in Dubai's Karama district sell counterfeit shirts for a fraction of their official retail price. (Arab News)
June 24th, 2018 - 12:03 GMT

World Cup Keeps Dubai’s ‘Dolce & Karama’ Traders Busy

The UAE was rated 27th in 2017's ranking with 72.4 points, a drop of nine positions. (Pixabay)
June 24th, 2018 - 11:47 GMT

UAE Ranked Most Reputable Country in Middle East

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