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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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Trump announced the US will pull out of the landmark nuclear accord with Iran. (Courtesy of AP/ KhT)
May 9th, 2018 - 07:41 GMT

UAE, Saudi Arabia Welcome Trump's Decision on Iran Nuclear Deal

The high-speed electric train is designed to travel at speeds of more than 300 kilometers per hour and is considered the fastest in the Middle East. (Courtesy of SPA)
May 8th, 2018 - 11:00 GMT

Saudi Haramain Train to Start Service in September

Financials are 40 per cent of the Tadawul index and the economic reforms has led to a valuation rerating of Saudi bank shares. (AFP)
May 8th, 2018 - 09:00 GMT

Saudi Equities World's Second Best-Performing Stock Market in 2018 After Egypt

There are many Qatari investment in Greece in energy, tourism, hospitality and real estate sectors. (Shutterstock)
May 8th, 2018 - 08:00 GMT

Qatar and Greece to Boost Trade Volume

Prime Minister Hani Mulki directed the economic team of the government and all ministers to maintain a dialogue with all concerned bodies on the law. (AFP/ File)
May 8th, 2018 - 07:42 GMT

Jordan Government Approves Mandating Reasons for Amended Income Tax Law

IMF has marginally raised Saudi Arabia’s 2018 economic growth forecast to 1.7%. (Shutterstock)
May 8th, 2018 - 07:00 GMT

IMF: Saudi Arabia’s Economy Seen to Grow to 1.7 Percent in 2018

Apartment and villa rents fell on average by 3 per cent (quarter on quarter) in Abu Dhabi in the first 3 months of 2018. (Shutterstock)
May 8th, 2018 - 05:48 GMT

Abu Dhabi House Rents Continue to Soften in Q1 of 2018

Riyadh would sign economic and defence agreements with Sudan soon. (Shutterstock)
May 7th, 2018 - 10:00 GMT

Saudi Arabia to Sign Economic and Defence Cooperation With Sudan

Egypt is predicted to achieve an average economic growth of 6.63 percent per year for the next 8 years until 2026. (Shutterstock)
May 7th, 2018 - 09:00 GMT

Egypt Ranked 3rd Fastest Growing Economy In The World

The plan is to bring various e-services under one umbrella and make paying for these disparate services easier. (Shutterstock)
May 7th, 2018 - 08:00 GMT

Oman's Next Challenge, Integrating E-Services in the Sultanate

Most of expatriate workers, employed in private sector having considerable service duration, are entitled to receive a handsome amount as end of service benefits upon ending of employment. (File photo)
May 7th, 2018 - 07:08 GMT

Expat Workers’ Dilemma in Saudi Arabia to Quit or Not to Quit for End of Service Benefits

As oil prices have risen, Saudi Arabia's drawdown on foreign reserves has eased and now stabilised. (Shutterstock)
May 7th, 2018 - 06:56 GMT

This is Why Saudi Arabia's Oil Reliance Continues

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