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Ford Factory
June 30th, 2026 - 09:43 GMT
P. Choiaqo

P. Choiaqo

Ford re-hires fired engineers after AI fails to meet expectations

ALBAWABA - Ford, trying to cut costs as companies do, has bought into the AI buzz and subsequently decided to fire their top safety and quality engineers after deciding that AI can do their job. Turns out, it can’t. Ford, whose boss Jim Farley said: “AI will leave a lot of white collar people behind,” has now rehired those white collar people after AI wasn’t what it was cracked up ...
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The contractor posted a net loss of Dh199 million for the second quarter of 2017. (File photo)
August 14th, 2017 - 02:19 GMT

Drake & Scull Fires CEO, Completes Sale of Majority Stake

Saudi Arabia hosted the only three IPOs of this quarter. (File photo)
August 14th, 2017 - 01:35 GMT

IPO Activity in GCC Slows Down in Q2 2017: Report

The property market in Dubai continues to demonstrate further stabilization following the turbulence seen in 2016 with the drop in oil prices and sluggish global trade. (File photo)
August 14th, 2017 - 01:26 GMT

Damac Reports Growth in Sales Performance, Revenues for H1 2017

Consumer spending is a major component in the UAE's GDP with a 45 percent share, compared to 39 percent on average for the GCC region. (File photo)
August 14th, 2017 - 01:11 GMT

Rents and Food Lead Consumer Spending in UAE: Report

The recovery in oil prices this year had been a key factor behind the reduced budget deficit. (File photo)
August 14th, 2017 - 09:50 GMT

Saudi Budget Deficit Down 51 Percent Following Oil Recovery, Spending Cuts

The list of the worst 10 airports around the world has Jeddah at the top, followed by South Sudan and Nigeria closing the top three. (AFP)
August 13th, 2017 - 12:22 GMT

Jeddah's King Abdulaziz Airport Voted 'Worst in the World' by Passengers

Muscat also emerged as the most affordable city to live in the Middle East, along with Khobar and Jeddah in Saudi Arabia. (File photo)
August 13th, 2017 - 12:00 GMT

Oman Third Most Affordable Place to Buy a House in the World: Report

The parks are expected to generate an estimated SAR130 billion ($34.6 billion) and draw 5.6 million visitors annually. (File photo)
August 13th, 2017 - 11:47 GMT

Saudi Arabia Has Plans for 24 Theme Parks to Boost Tourism, Jobs

Profitability at the five largest Saudi banks could be pressured going into 2018, according to Moody's. (File photo)
August 13th, 2017 - 11:14 GMT

Saudi Banks to Face Profitability Pressures in 2018: Moody's

The agreements focused on pharmaceuticals, foodstuff, construction, building materials, shipping, logistics, plastic, aluminium, glass, technology, furniture, and air-conditioning sectors. (Shutterstock)
August 13th, 2017 - 10:59 GMT

Qatar, Turkey Strengthen Economic Ties With 15 New Agreements

The developer has announced the completion of Azizi Royal Bay in just 22 months. (Courtesy of Azizi Developments)
August 13th, 2017 - 09:50 GMT

Azizi Developments Announces Dh350 Million Project on Palm Jumeirah

The new Value-Added Tax (VAT) will be implemented in Saudi Arabia from January 1 next year simultaneously with other GCC countries. (File photo)
August 13th, 2017 - 09:31 GMT

Saudi Arabia Expects VAT to Increase Cost of Living by 5 Percent

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