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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 digital currency was down over 14.69% over the week. (Shutterstock)
May 29th, 2018 - 10:48 GMT

Bitcoin Sell-Off Continues; FCA Investigates 24 Crypto Firms

As part of the efforts to revive the Kingdom’s car market the first showroom for women was opened in Jeddah last January where fuel-efficient cars have been displayed. (AFP)
May 29th, 2018 - 10:30 GMT

Women Driving to Increase Car Sales by 10 Percent in Saudi Arabia

Ramadan provides an economic boost for retailers and improves the business environment. (Shutterstock)
May 29th, 2018 - 10:00 GMT

How Ramadan Sets off a Consumer Boom

Jordan’s parliament in coming days is expected to discuss an amended version of the income tax bill.(Shutterstock)
May 29th, 2018 - 09:02 GMT

Jordan Unionists Plan Strike to Protest Income Tax Bill

Israel’s seven largest banks provide services to settlements, which are regarded as illegal under international law because they are built on Palestinian land occupied in 1967. (Shutterstock)
May 29th, 2018 - 08:18 GMT

Israeli Banks Financing Illegal Settlements

Prices of petrol have been increased by 14 fils a litre. (Shutterstock)
May 29th, 2018 - 06:45 GMT

Petrol Prices Reach Highest Levels Next Month in UAE

The UAE meets Canada's criteria for a visa exemption, an evaluation has found. (Shutterstock)
May 29th, 2018 - 06:36 GMT

Canada to Lift Visa Requirements for UAE Citizens

The Ministry of Manpower has issued three ministerial decisions — Nos. 206/2018, 207/2018, and 208/2018 — to extend the ban on the temporary recruitment of non-Omani manpower. (Shutterstock)
May 28th, 2018 - 12:30 GMT

Oman Extends Expat Visa Ban by 6 Months

Precious metals, led by gold, have recently been caught in the crosshairs of a rising dollar and US 10-year bond yields climbing through the psychological 3% level. (File Photo)
May 28th, 2018 - 12:00 GMT

Gold Bounces Back to $1,300/Oz as Oil Rally Runs out of Steam

The blockade has made Qatar to consider ways of becoming more self-sufficient. (Shutterstock)
May 28th, 2018 - 10:20 GMT

'A Year On, Qatar Emerging Stronger Despite Blockade'

It is important that Bahrain maintains momentum. (Shutterstock)
May 28th, 2018 - 10:03 GMT

Bahrain Implementing $32 Bn Infrastructure Development Programme

Bitcoin was trading at $7,380.1 by 12:22AM ET (04:22GMT). (Shutterstock)
May 28th, 2018 - 08:49 GMT

Bitcoin Prices Changed; Bithumb to Ban Crypto Trading in 11 Countries

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