Samsung Electronics and representatives of its biggest workers' union in South Korea, who have been on strike since early last week, have agreed to resume negotiations on Friday.
They plan to meet and set a firm negotiation schedule, Son Woo-mok, president of the National Samsung Electronics Union whose roughly 30,000 members make up almost a quarter of the company's South Korean workforce, told a YouTube live broadcast.
The union has been on an indefinite strike over pay and benefits.
Samsung said in a statement it hopes that the strike will be resolved as soon as possible, and confirmed it has proposed an unconditional resumption of dialogue.
Analysts have said a drawn-out strike by key personnel will add to challenges for Samsung, the world's biggest memory chipmaker, which is struggling to navigate competition in semiconductors used for artificial intelligence.
Samsung has said the strike has caused no disruption to chip production.
Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.
Emirates NBD has unveiled a business support package that consists of a set of temporary fee-relief measures to help SMEs manage day-to-day operations over the next few months.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has explored investment opportunities offered in the Emirate during talks with David Vélez, Founder and CEO of Nubank.
The war in the Middle East will lead to higher inflation and slower global growth, the head of the International Monetary Fund said on Monday, ahead of a fresh forecast for the world economy planned by the global lender for next week.
ADNOC Gas confirmed shareholder approval of a record $3.584 billion dividend for 2025, with a final dividend of $896 million payable in May, at its Annual General Meeting on Monday.
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
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