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.
Emirates to maintain capacity despite challenges, says Tim Clark
Emirates will roll out incentives aimed at winning back customers worried about the protracted Iran war, focusing on safety and reliable travel connections rather than lower fares, the airline's President Tim Clark told Reuters on Tuesday.
UAE nationals to get AED25,000 in VAT savings on new homes
The expense eligibility on VAT refunds on the costs of constructing new homes for UAE nationals has been expanded under a new initiative by the Federal Tax Authority (FTA), with AED 25,000 set for each claim.
DFM recognised by Switzerland's financial authority as foreign trading venue
Shares from Swiss-incorporated companies can now be traded on Dubai Financial Market (DFM) after it has been recognised by Switzerland's Financial Market Supervisory Authority (FINMA) as a foreign trading venue.
Apple bets on overdue Siri fix to close AI gap
Apple has rolled out a long-delayed overhaul of Siri on Monday, betting the upgraded assistant can help close the gap with Big Tech rivals and new-age startups in the crucial AI race.
Over 3,200 residents purchase first homes under Dubai scheme
Dubai's First-Time Home Buyer Programme has helped more than 3,200 residents purchase their first homes in the emirate since its launch in July last year.
