Saudi Delegation Meets with Sheikhs, Notables, Leaders of Hadhramaut
The visiting Saudi delegation to Hadhramaut Governorate, headed by Major General Dr. Mohammed Al-Qahtani, arrived Tuesday in the districts of the Valley and Desert, following the completion of meetings in the city of Mukalla and the coastal districts.
Massive 7.0 Magnitude Earthquake Strikes Alaska, USA
A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).
Gold Prices Stabilize as Investors Await Key US Data Release
Gold prices remained steady today, Friday, after rising US Treasury yields offset the dollar's weakness, as investors await crucial US economic data releases.
CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco
The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.
User Name: Password:
Samsung Electronics reports 86.1 percent decline in profits for Q1
[27/04/2023 08:49]
SEOUL-SABA
Samsung’s first-quarter net income fell 86.1 percent to 1.57 trillion won, the worst in 14 years, blaming slowing consumer spending due to uncertainty over the global economy.

The world's largest memory chip and smartphone maker reported today, Thursday, an operating profit of 640.2 billion won ($478 million) in the January-March period, down 95 percent from 14.12 trillion won a year earlier.

The company's net profit income dropped to 1.57 trillion won from 11.32 trillion won in the same period a year earlier, while sales reduced with 18 percent to came 63. 74 trillion won.

The Samsung's chip division reported 4.58 trillion won in losses, its first operating loss since 14 years


Gold Prices Stabilize as Investors Await Key US Data Release
South Korea's exports rise 8.4 percent in November
Gold stabilizes near its highest in two weeks
Saudi-French Businesses Forum kicks-off its sessions
More than 1,500 flights canceled in U.S. amid ongoing government shutdown
China's foreign exchange reserves rise to $3.3433 trillion
Oil declines amid concerns of possible oversupply
Oil declines after trade developments between United States and China
GCC-STAT: Positive growth for GCC economies in 1Q
Turkish Central Bank lowers interest rate to 39.5 percent

About Saba News Agency | Usage Agreement | Contact Us