Foreign Minister Calls on German MPs to Designate Houthi Militias Terrorist Organization
The Minister of Foreign Affairs and Expatriates Dr. Afrah al-Zouba held talks today, Thursday, with members of the German-Arab Parliamentary Group and the Defense and Economic Cooperation and Development Committees in the German Parliament (Bundestag) on the developments in Yemen and the repercussions of the Houthi terrorist militias' escalation on civilians and regional and international security.
GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia
The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.
EU Allocates 525 Million Euros to Support Startups in Chip Design
European Commissioner for Technological Sovereignty, Security and Democracy, Hana Verkonen, announced that the European Union (EU) has allocated 525 million euros to support startups in the field of chip design.
Al Nassr Beat Al Fateh 3-0 in Saudi Football League
Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.
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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


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