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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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With its vast reserves, low extraction costs and high spare capacity, Saudi Arabia will continue to remain the dominant power broker in the OPEC and international energy markets. (Shutterstock)
June 19th, 2018 - 08:06 GMT

A Look at Saudi Arabia and the New Economics of Oil

Audi CEO Rupert Stadler was arrested Monday in Munich, Germany, in connection with Volkswagen's diesel emissions cheating scandal. (AFP)
June 19th, 2018 - 08:01 GMT

Head of Volkswagen's Audi Arrested in Germany Over Diesel Scandal

The number of female doctors rose from 2,053 in 2012 to 2,403 in 2016. (Shutterstock)
June 19th, 2018 - 07:55 GMT

Growing Number of Women Doctors in Oman, Says Study


OPEC is about to hold what’s likely to be its most difficult meeting in years. (Shutterstock)
June 19th, 2018 - 07:14 GMT

Saudi Oil Chief Faces Toughest OPEC Test After Reviving Market

They will also be exempted from fines. (Shutterstock)
June 19th, 2018 - 07:04 GMT

One-Year UAE Residency Visa for People in War, Disaster Zones


Cryptocurrencies are too unstable to ever serve as bona fide mediums of exchange in the global economy. (Shutterstock)
June 18th, 2018 - 09:46 GMT

Bitcoin Could Break the Internet, Central Bank Overseer Says

Uber on Sunday rolled out a new registration portal for Saudi women. (Shutterstock)
June 18th, 2018 - 08:53 GMT

Uber Launches ‘Masaruky’ Registration Job Portal for Saudi Women

The Abu Dhabi Department of Culture and Tourism made this decision and will enforce the new rates from June 15. (Shutterstock)
June 18th, 2018 - 08:36 GMT

UAE Is Leading the Region in Alcohol Consumption

Individuals who have purchased a property for a minimum value of Dh1 million are entitled to apply for residence visa in the UAE. (Pixabay)
June 18th, 2018 - 08:05 GMT

UAE Residents Can Get Visa Against Property They Own

Output from Shah Deniz II is expected to reach an annual 16 billion cubic metres (bcm) of natural gas by 2020, with 10 bcm earmarked for Europe and 6 bcm for Turkey. (AFP)
June 18th, 2018 - 07:54 GMT

Turkey Opens Natural Gas Pipeline From Azerbaijan

The biggest demographic change was seen in the number of expatriates living in Oman, which fell by over 43,000 to 2,035,952 from the 2,079,338 recorded on June 16, 2017. (Shutterstock)
June 18th, 2018 - 07:36 GMT

Year-On-Year Expat Population in Oman Reduces by 43,000

Current bank guarantees worth Dh14 billion will be released back into the local economy. (Shutterstock)
June 18th, 2018 - 07:24 GMT

Reforms Will Ease Cost of Doing Business in UAE

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