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BUSINESS

BUSINESS latest

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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Local authorities in Indonesia, Laos, Philippines and Vietnam announced over 1.6 billion dollars’ worth of investment projects, according to a conference press release.
June 11th, 2014 - 03:55 GMT

Saudi Arabia to build the world's largest desalination plant

Iran plans to boost annual petrochemical output to 180 million tons from around 60 million tons currently.
June 11th, 2014 - 03:55 GMT

Cheating sanctions? China to use Iran's frozen billions to build it a petrochemical plant

 China only buys 4.4 per cent if its exports, although it still represents three times the share in 2003, which was 1.4 per cent.
June 11th, 2014 - 03:55 GMT

An inside look into just how far GCC-China business ties are going

The hackers’ aim usually is to bury deeper and deeper into the system so that they are able to gain control, extract data and/or inflict maximum damage on the targeted company.
June 10th, 2014 - 05:47 GMT

Recognizing potential: MENA cyber-security market crosses $25 billion mark

Hilton Worldwide Middle East & Africa recently introduced two of its brands to the region including Hilton Garden Inn and Double Tree Hotel.
June 10th, 2014 - 11:54 GMT

Following the spenders? Hilton to develop its largest resort in the Middle East

Cairo's notorious traffic costs Egypt LE47 billion ($6.5 billion) every year, or 2.5 percent of its current GDP, according to a recently released World Bank study.
June 10th, 2014 - 11:28 GMT

Not just wasted time: Cairo traffic is costing Egypt a significant percentage of its GDP

Former army chief Abdel Fattah Al-Sisi was sworn in on Sunday, vowing to fix the economy and emphasising a need for hard work by all.
June 10th, 2014 - 11:04 GMT

Anything for an agriculutral revival: Sisi to destroy illegal buidlings across the Nile

Bilateral trade and social relationship between these two countries is by far the biggest in terms of volume and importance.
June 10th, 2014 - 10:54 GMT

Fly Dubai finally answers the 'India question'

Airport International Group
June 10th, 2014 - 10:30 GMT

AIG announces Hotel Global Group Company as preferred bidder for Queen Alia International Airport hotel tender

Al Bawaba
June 10th, 2014 - 10:09 GMT

What bubble? Dubai real estate transactions cross the $27 billion mark

Al Bawaba
June 10th, 2014 - 09:58 GMT

LG launches new mobile service center in seventh circle

The state-backed firm has confirmed plans to ensure that 7,000 taxis are on the roads before the world football tournament gets underway in Qatar.
June 10th, 2014 - 09:32 GMT

Someone should tell them not to hold their breaths? Qatar's taxis doubling their operations in anticipation for 2022 World Cup

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