Things aren't looking good for Samsung.
The tech giants have posted a 56 per cent drop in their June-quarter profit.
It comes as a massive oversupply of memory chips continues to drive down prices.
Samsung also said Japanese restriction on the export of chip-making materials was making it difficult to forecast its growth.
'World's Coolest Winter' boosts UAE tourism, hotel revenues hit AED 12.5 billion
The UAE's Ministry of Economy and Tourism has announced the conclusion of the sixth edition of the World’s Coolest Winter campaign, which recorded strong results across all seven emirates.
UAE and Sierra Leone sign major trade pact
The UAE and Sierra Leone have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at strengthening trade and investment cooperation.
IMF chief praises UAE's model of economic diversification
Kristalina Georgieva, Managing Director of International Monetary Fund (IMF), has commended the UAE's non-oil trade growth as a testimony of its successful efforts at diversifying its economy, during her opening address at Arab Fiscal Forum.
India budget seeks manufacturing pivot, but falls short of expectations
India pushed manufacturing to the forefront of its budget as it prioritised sectors such as semiconductors, biopharma and renewables, but stopped short of the bold reforms sought by investors to boost investment amid rising geopolitical tensions.
Dubai Duty Free records highest ever January sales
Dubai Duty Free (DDF) has posted its strongest January performance on record, achieving AED858.21 million in sales, an 18.53 per cent increase over January 2025.
The UAE has denied false and unfounded claims that it would assume civilian administration of Gaza.
A UAE media delegation has visited Kuwait’s Ministry of Information as part of an official programme organised by the Dubai Press Club.
The Dubai Press Club has hosted the "UAE–Kuwait Media Celebration" as part of a programme highlighting the strong fraternal ties and close cooperation between the two nations.
