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    Pakistan: SECP to unveil Takaful Technology in 2022

    Pakistan: SECP to unveil Takaful Technology in 2022

    Indonesia Witnesses Big USD 3.25 Billion Sukuk Sale

    Indonesia Witnesses Big USD 3.25 Billion Sukuk Sale

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    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

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    OPay obtains approval of Egypt’s CBE to issue prepaid cards

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    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

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    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

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    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

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    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

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    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

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    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

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    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

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    Pakistan: SECP to unveil Takaful Technology in 2022

    Pakistan: SECP to unveil Takaful Technology in 2022

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

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    World’s No.2 producer of wheat, India, bans wheat exports in new move

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    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

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    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

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    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

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    Deutsche Hospitality unveils big Middle East expansion plans for 2022

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    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

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    Meta for MENA; SMEs receive boost in 2022

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    Pakistan: SECP to unveil Takaful Technology in 2022

    Pakistan: SECP to unveil Takaful Technology in 2022

    Indonesia Witnesses Big USD 3.25 Billion Sukuk Sale

    Indonesia Witnesses Big USD 3.25 Billion Sukuk Sale

    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Al Salam Bank Q1 net profit rises a strong 7% to USD17.3 million

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    Saudi banks big on new digital future; fintech transactions to outdo the USD 33 billion thresholds by 2023

    OPay obtains approval of Egypt's CBE to issue prepaid cards

    OPay obtains approval of Egypt’s CBE to issue prepaid cards

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

    Reserve Bank of Australia left its cash rate at the most significant low of 0.1% on Tuesday

    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

    Cross River Bank gets USD3 Billion+ valuation and a crypto-first strategy

    Digital voice-based banking to become the new reality in 2022?

    Digital voice-based banking to become the new reality in 2022?

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

    Led by Apax Digital, ClearBank raises £175m to accelerate global expansion

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    Pakistan's 1st fintech M&A deal: ZoodPay acquires Tez Financial Services

    Pakistan’s 1st fintech M&A deal: ZoodPay acquires Tez Financial Services

    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

    Abu Dhabi-based Borouge sets offer price for IPO at USD0.66 per share at a valuation of USD20 billion

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

    In new move in 2022, IMF raises weighting of dollar, yuan in Special Drawing Rights basket

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Vodafone shares up after USD 4.4 billion UAE stake buy

    Ather Energy raises USD128 million in series-E funding

    Ather Energy raises USD128 million in series-E funding

    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    Malaysia may cut palm oil export tax by 50 percent amid global supply crisis

    UK’s Morrisons to buy McColl’s ahead of Asda owners

    UK’s Morrisons wins race to buy McColl’s ahead of Asda owners

  • Markets
    • All
    • Brokerage
    • Energy
    • Forex
    • Ultility
    Pakistan: SECP to unveil Takaful Technology in 2022

    Pakistan: SECP to unveil Takaful Technology in 2022

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Egypt to receive USD41.5 billion of investment in hydrogen projects through 2030

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Panama to develop largest advanced biorefinery to make lower-carbon aviation fuel by 2026

    Brazil mills cancel new sugar export contracts, shift output to ethanol

    Brazil mills cancel new sugar export contracts, shift output to ethanol

    World’s No.2 producer of wheat, India, bans wheat exports in new move

    World’s No.2 producer of wheat, India, bans wheat exports in new move

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

    Australian stocks fall lower amidst worldwide sell-off; ASX 200 witnesses AUD 50 billion incineration

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Volkswagen AG augments electric vehicle investment in Spain to EUR 10 billion

    Germany changes stance: Could back new and immediate EU ban on Russian oil

    Germany changes stance: Could back new and immediate EU ban on Russian oil

    Russia attacks Ukraine grain network in bid to cut competition

    Russia attacks Ukraine grain network in new bid to cut competition

  • Infrastructure
    • All
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    • Healthcare
    • Logistics
    • Real Estate
    • Telecom
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    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

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    In 2022, Abu Dhabi real estate records a new boom with an influx of international investors

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    Stellantis sees India as profitable auto market amid challenges in China, Russia in 2022

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    New EdTech startup STEMuli raises USD3.25M to transform learning with Educational Metaverse

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    Modern Indian architecture creating heat waves in 21st century

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    Vodafone shares up after USD 4.4 billion UAE stake buy

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    Ather Energy raises USD128 million in series-E funding

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    Leaked: Spain to Reveal Draft Bill for Menstrual Leaves to the Cabinet in May 2022

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    For 2022, BT and Warner Bros Discovery jointly create new pay-TV sport business

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    • All
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    Egypt’s Communication Ministry launches new Ashbal Misr Digital Initiative for 2022

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    New AI startup by Co-founders of DeepMind and LinkedIn raises USD 225 million

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    Greek Tourism in new partnership with Qatar Airways, Wego for tourism in 2022

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    Minor Hotels to launch 4 new properties, 2 brands in Middle East this year

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    Deutsche Hospitality unveils big Middle East expansion plans for 2022

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    Lufthansa and TripActions launch New Travel Platform for SMEs in 2022

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    Meta for MENA; SMEs receive boost in 2022

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After Chinese Smartphones, South Korea’s Samsung comes under Coronavirus Strain

The Global Economics by The Global Economics
February 28, 2020
in Technology
Reading Time: 2 mins read
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Men in respirator mask sitting at the airport, measuring temperature with palm and using mobile phon

Men in respirator mask sitting at the airport, measuring temperature with palm and using mobile phon

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The Coronavirus (COVID-19) outbreak, the pandemic that has claimed the lives of over 2,000 people around the world since its inception in China, has affected the technology sector as well. The Mobile World Congress (MWC) that was to be held in Barcelona, Spain on 24th February 2020 has since been cancelled. Moreover, smartphone brands originating in China are also reeling because of the supply limitations that have had to be put in place in order to tackle the infection.

Even as these problems are pervading into day-to-day activities, information pouring out of South Korea has revealed thatmobile giant Samsung has closed down an in-nation smartphone plant in the city of Gumi, Gyeongsangbuk-do after an employee was detected to have been infected with COVID-19.

Galaxy Fold and Galaxy Z Flip are the two mobile phone models that are predominantly manufactured in this factory. For the time being, Samsung declared its closure up to 24th February. Furthermore, the company also restricted access to the floor where the employee was working until the day after, i.e. 25th February.

In a media statement, Samsung shared that its other employees who came in contact with the person infected by Coronavirus have been asked to remain in self-quarantine. It also added that it had taken steps to have all these employees to betested for a possible COVID-19 infection.

Despite these measures, the temporary closing down of the Gumi factory is not expected to have any major effects on Samsung’s smartphone production, since the factory produces only a small percentage of the entirety of itssmartphone numbers.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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Pakistan: SECP to unveil Takaful Technology in 2022

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