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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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Dubai's hospitality industry will continue to expand beyond 2020. (Shutterstock)
June 7th, 2018 - 08:04 GMT

Dubai Tourism Has Room to Grow Beyond 2020

Abu Dhabi Investment Authority (ADIA) is the biggest real estate investor in the world with about $62 billion worth of assets under management. (Shutterstock)
June 7th, 2018 - 07:39 GMT

Abu Dhabi Takes Top Place in Global Real Estate Investment League Table

The first meeting of the Saudi-Emirati Coordination Council in Jeddah. (SPA)
June 7th, 2018 - 07:32 GMT

Saudi Arabia, UAE Boost Cooperation as Multiple Joint Projects Announced

Musleh Mousa Hassan, a 73-year-old Lebanese national just won $1 million in a raffle for the second time. (Khaleej Times)
June 6th, 2018 - 11:32 GMT

Expat Wins $1 Million Twice in Dubai Duty Free Raffle

Abu Dhabi’s stimulus plan follows the announcement last month of a package of measures by Dubai’s ruler and the prime minister of the United Arab Emirates, Sheikh Mohammed Bin Rashid. (File Photo)
June 6th, 2018 - 11:24 GMT

Abu Dhabi Announces Three-Year Dh50 Billion Stimulus Programme

The governorate with the highest unemployment rate in the first quarter of 2018 was Maan with 21.9 per cent, while Karak registered the lowest rate with 15.9 per cent. (Shutterstock)
June 6th, 2018 - 10:21 GMT

Unemployment Rises to 18.4% in First Quarter of 2018 in Jordan

Target growth stands at 5.8% of the GDP. (Shutterstock)
June 6th, 2018 - 09:50 GMT

10 Things You Need to Know About Egypt's New Budget

New vehicles sales dropped by 10-30 per cent (depending on the brand) in the first quarter of 2018. (Shutterstock)
June 6th, 2018 - 09:25 GMT

After Slow First Quarter, New Car Sales Start Picking Up in UAE

Raj Kundra, husband of actress Shilpa Shetty. (AFP)
June 6th, 2018 - 08:14 GMT

Bitcoin Scam: Raj Kundra Summoned by Enforcement Directorate

The happiest people and most capable of striking a balance between work and life do not necessarily work fewer hours. (Shutterstock)
June 6th, 2018 - 07:46 GMT

Bahrain Ranks Second on This Global List

Protesters gather near the Fourth Circle in Amman calling for withdrawal of new income tax draft law from the Parliament on Tuesday. (Jordan Times)
June 6th, 2018 - 07:23 GMT

Professional Associations in Amman to Go Ahead With Strike Today

The UAE ranked the best country where digital companies can thrive. (Shutterstock)
June 5th, 2018 - 07:50 GMT

UAE Is the Most Digital-Friendly Country in the Middle East

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