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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 new law is regarded as an essential element in the drive to diversify the economy away from oil dependency. (File photo)
February 20th, 2018 - 11:24 GMT

New Bankruptcy Law, a 'Step Forward' for Saudi Arabia: Experts

The report ranked Egypt low in all areas related to the rule of law, including law enforcement, government powers and corruption. (File photo)
February 19th, 2018 - 07:00 GMT

Egypt 110 out of 113 Countries in Rule of Law: Report

The center will allow Syrian refugees to obtain a one-month leave from the camp and work permit to pursue job opportunities outside the camp. (AFP/ File)
February 19th, 2018 - 06:00 GMT

Jordan Opens Labor Market to Syrian Refugees With New Refugee Job Center

Experts have found a number of obstacles facing the employment of 20,000 Saudi pharmacists in pharmacies across the Kingdom.
 (Shutterstock)
February 19th, 2018 - 12:57 GMT

Long Working Hours, and Other Reasons Why Saudi Pharmacists Can't Find Jobs

About 12 Saudi and 9 UAE companies could potentially list on local exchanges in 2018. (AFP/ File)
February 19th, 2018 - 11:47 GMT

Saudi Arabia, UAE to Drive Middle East’s IPOs in 2018

In Sharjah, Bu Tina experienced the biggest drop in rents (17 per cent), followed by Al Nabba (10 per cent), Al Nahda, Al Qasimia and Al Ghuwair (9 per cent). (Pixabay)
February 19th, 2018 - 09:43 GMT

Rents in Sharjah, Ajman Drop in Q4 2017: Reports

A guidebook will be distributed among 100,000 foreign workers this year so they know their rights, responsibilities, and UAE culture. (Photo: Gulf News)
February 18th, 2018 - 11:52 GMT

UAE Launches Do’s and Don’ts Guide for Foreign Workers

The ministry has, in the past, repeatedly warned companies to comply with the Omanization policy. (File photo)
February 18th, 2018 - 11:25 GMT

Oman’s Ministry of Labor Suspends 199 Firms for Not Hiring Omanis

Running from February 18-22, Gulfood 2018 is expected to attract more than 97,000 attendees. (File photo)
February 18th, 2018 - 11:10 GMT

Gulfood 2018 Kicks off in Dubai!

Saudi Arabia has some of the world's tightest restrictions on women. (Fayez Nureldine/ AFP)
February 18th, 2018 - 10:45 GMT

Saudi Women Can Start a Business Without Male Permission: Ministry

Will gold ever get its glow back? Analysts weigh in. (Shutterstock)
February 15th, 2018 - 06:00 GMT

Gold Prices: Has a Pivotal Moment Finally Arrived?

Cross-border commercial traffic was suspended after South Sudan declared independence in 2011. (Courtesy of Voa News)
February 15th, 2018 - 01:43 GMT

Sudan, South Sudan Resume Cross-Border Trade After 7 Years

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