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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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Egypt’s Minister of Tourism Rania Al Mashat said that her ministry is working hard to attract Kuwaiti tourism in the coming period. (AFP)
March 20th, 2018 - 01:30 GMT

Egypt 'Will Move Heaven and Earth' to Woo Kuwaiti Tourists This Summer: Minister

Russia and Sudan have signed an agreement to build a nuclear plant in Sudan in 2019. (File photo)
March 20th, 2018 - 12:50 GMT

Nuclear in Sudan: Russia to Build First Nuclear Plant in Sudan in 2019

Saudi crown prince's interview with CBS News set the tone for his US tour. Here's how. (Screenshot/ CBS News)
March 20th, 2018 - 12:12 GMT

'$20 Billion of State Funds Was Disappearing Every Year': Mohammed Bin Salman Defends Corruption Probe in CBS Interview

Facebook's co-founder and CEO Mark Zuckerberg saw more than $5 billion of his net worth evaporate after reports of the worst data leak in the company's history emerged on Monday. (AFP/ File)
March 20th, 2018 - 12:05 GMT

Facebook Suffers Worst Daily Loss on User Data Leak, Zuckerberg's Net Worth Down $5 Billion

The forum brings together around 1,000 business leaders, entrepreneurs, diversity champions and policy-makers from both genders. (Courtesy of WEF)
March 20th, 2018 - 11:47 GMT

'We Can't Understate the Role of Mohammed Bin Salman': Women Economic Forum Opens in Riyadh

In the first death involving a self-driving car, an Uber vehicle on autonomous mode hit a pedestrian in Arizona, U.S., early Monday. (AFP)
March 20th, 2018 - 11:31 GMT

Uber Halts Self-Driving Car Trials After Pedestrian Dies in US

The online travel sector in the GCC grew 9 percent in 2017, according to a new report. (Shutterstock)
March 19th, 2018 - 04:00 GMT

Online Travel Sector in GCC Grows 9 Percent in 2017: Report

The move aims to raise competitiveness in the recruitment sector. (File photo)
March 19th, 2018 - 02:11 GMT

Saudi Arabia: Recruitment Firms Sector Now Open to Foreigners

Companies cannot prevent the part-time worker from being employed by a similar establishment. (File photo)
March 19th, 2018 - 01:30 GMT

Want to Work Part-Time in UAE? Here's What You Need to Know

Leaders from the world’s top 20 economies are set to meet in Buenos Aires this week, with the current state of the global economy at the top of the agenda. (AFP)
March 19th, 2018 - 12:59 GMT

G20 Meeting, Bitcoin Woes: 5 Things to Know in Global Markets Today

As many as nine companies in the UAE are likely to raise funds through IPOs this year. (Ben Job/ Reuters)
March 19th, 2018 - 12:14 GMT

UAE Companies Could Raise $9 Billion From IPOs in 2018

Nearly one trillion pounds have been spent on infrastructure and services in Egypt’s governorates from mid-2014 until now. (File photo)
March 18th, 2018 - 02:00 GMT

1 Trillion Pounds Spent on Egypt's Infrastructure Since 2014: Minister

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