Tourism Development Fund Acquires ISO Certification in IT Service Management

Tourism Development Fund Acquires ISO Certification in IT Service Management
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Tourism Development Fund Acquires ISO Certification in IT Service Management

Tourism Development Fund Acquires ISO Certification in IT Service Management

The Tourism Development Fund (TDF) has acquired the ISO/IEC 20000 Certification in Information Technology Service Management, issued by the International Organization for Standardization.

"This certificate comes in light of the successes achieved by TDF in raising the efficiency of its services, due to its adherence to international standards and specifications, and its keenness to develop the tourism sector and enable its digitization," CEO of TDF Qusai Al-Fakhri said.

He also stressed that this comes in line with the digital transformation, "which is one of the main objectives of the Saudi Vision 2030."



Samsung Expects a 56% Drop in Q2 Operating Profit, Far Short of Estimates

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
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Samsung Expects a 56% Drop in Q2 Operating Profit, Far Short of Estimates

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)

Samsung Electronics on Tuesday projected a 56% drop in second-quarter operating profit from a year earlier, missing analysts' estimates by far.

Its chip business struggled with weak sales of artificial intelligence chips, dogged by delays in the supply of its latest chips to Nvidia and continued losses in its contract chip manufacturing business, analysts said.

The world's largest memory chipmaker estimated an operating profit of 4.6 trillion won for the April-June period, versus a 6.2 trillion won LSEG SmartEstimate.

That would compare with 10.4 trillion won in the same period a year earlier and 6.7 trillion won in the preceding quarter.

Revenue would likely fall 0.1% to 74 trillion won from a year earlier, the filing showed.

Samsung is expected to release detailed results, including a breakdown of earnings for each of its businesses, in late July.