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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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Earlier this month, Saudi Arabia announced it would cut crude oil shipments in August. (AFP/ File)
July 25th, 2017 - 11:58 GMT

Saudi Arabia's Reduced Oil Exports Will Force US Inventories Lower: Analysts

Saudi Arabia on Monday approved the establishment of a national project for atomic energy. (File photo)
July 25th, 2017 - 10:51 GMT

Saudi Arabia Says Atomic Program Will 'Optimize Use of Energy Sources'

The Jordanian ministry of tourism issued instructions to travel agencies, directing them not to send tourists to Wadi Rum, 300km south of Amman, and to avoid some roads in the south of the Kingdom, for fear of possible violence. (File photo)
July 25th, 2017 - 10:36 GMT

Jordanians Insist Wadi Rum Safe, Reject Ministry Ban Over 'Tribal Violence'

Turkey claims most foreign funds are linked to EU member countries. (File photo)
July 25th, 2017 - 10:20 GMT

Foreign Investment in Turkey up 11.2 Percent in First 5 Months of 2017

Saudi Arabia offered its first Riyal-denominated Sukuk to investors on Sunday this week. (File photo)
July 25th, 2017 - 09:38 GMT

Saudi Arabia Gets Bids of $13.6 Billion for $4.5 Billion Domestic Sukuk: SPA

Oman recorded a deficit of 21 percent of its GDP in 2016 as the oil price plunged to its lowest level in years. (File photo)
July 25th, 2017 - 09:25 GMT

Oman Slashes Subsidy Bill by 20 Percent, Eyes Further Cuts

Newly-appointed Noon CEO, Faraz Khalid.
July 25th, 2017 - 08:45 GMT

Noon Appoints Namshi Co-Founder Faraz Khalid as CEO

The government policy announced earlier this year for import restrictions is bearing its fruits. (Facebook/ R. Boudraa)
July 25th, 2017 - 08:39 GMT

Algeria Announces 54 Percent Drop in Trade Deficit in H1 2017

By limiting jobs in grocery stores to Saudis, the country expects to generate more than 20,000 job opportunities for citizens. (AFP/ File)
July 25th, 2017 - 08:28 GMT

First Malls, Now Supermarkets: Saudi Arabia Bans Foreigners From Grocery Store Jobs

The recent decline in oil prices could weigh further on the outlook for the region's oil exporters. (File photo)
July 25th, 2017 - 08:12 GMT

Middle East Growth Dips in 2017 on Lower Oil Prices: IMF

WebMD has been looking for a buyer since February. (Web)
July 25th, 2017 - 07:56 GMT

WebMD Sold to Private Equity Firm in $2.8 Billion Deal

Local banks in Egypt are vying to win the super-rich with accounts serving their 'very specific' needs. (Shutterstock)
July 25th, 2017 - 03:29 GMT

Champagne and VIP Lounges: Banque Misr Launches Account for the Super-Rich

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