The first Arabic newspaper upon its establishment, speaking in Arabic, English and French. Its headquarters are in London and Cairo, and soon in the Gulf countries and the Maghreb.
The South Korean currency sank to the lowest level in 16 years against the US dollar on Wednesday as investors fret about the impact of the US' sweeping tariffs and a global trade war on its export-driven economy.
The Korean won was quoted at 1,484.1 won against the greenback, down 10.9 won from the previous session.
The reading marks the lowest level since March 12, 2009, when the local currency was quoted at 1,496.5 won as the country was grappling with the aftermath of the global financial crisis.
The won opened at 1,471.0 won, down 3.2 won from the previous session, and had dipped to as low as 1,487.55 won during intraday trading.
The stock market also tumbled, with the benchmark Korea Composite Stock Price Index (KOSPI) falling to the lowest closing since October 2023.
The won's weakness came as US President Donald Trump announced plans last week to impose reciprocal tariffs on imports from most of the world, including 25 % duties on South Korean goods.
The country-specific tariffs take effect in the day, while a 10% baseline tariff on foreign imports went into force Saturday.
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