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June 30th, 2026 - 09:43 GMT

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 ...

Many were forced to cut their prices by 15-20 percent to attract buyers, yet even that did little to improve the property market. (Shutterstock)

January 8th, 2019 - 08:01 GMT

Report: Real Estate Sales in Lebanon Plummets in 2018

The case has rattled Nissan's alliance with French automaker Renault SA, where Ghosn still remains chairman and chief executive. (AFP)

January 8th, 2019 - 07:49 GMT

Nissan Ex-Chair Ghosn Claims Innocence in First Court Appearance

Revenues jumped from $74.5 billion in 2013 to $177.9 bill ion last year and are projected to reach $232.3 billion in 2018. (Shutterstock)

January 8th, 2019 - 07:38 GMT

Amazon Becomes the World's Biggest Publicly-Traded Company

Pakistani prime minister, crown prince of Abu Dhabi decide to form a task force for trade enhancement. (Shutterstock)

January 7th, 2019 - 10:55 GMT

UAE to Enhance Trade Ties With Pakistan

Blockchain can help facilitate tax collection without added costs of intermediaries. (Shutterstock)

January 7th, 2019 - 10:43 GMT

Blockchain a Cost-Effective Solution for VAT Implementation in GCC

The government is likely to take into consideration the experience of certain countries when drafting the new bill. (Shutterstock)

January 7th, 2019 - 10:29 GMT

Kuwait Mulls Control Over Social Media Accounts

Minister of Health Dr Bassel Al-Sabah says the number of expatriate employees of the ministry’s subsidiaries whose ages exceed 55 years old is 3,707. (Shutterstock)

January 7th, 2019 - 10:21 GMT

More Than 3,000 Expats' Contracts to Be Terminated in Kuwait

The customs tax on EVs has been increased from zero to 25 per cent as of January 1. (Shutterstock)

January 7th, 2019 - 09:43 GMT

'Surprise' Increase on Electric Vehicles' Tax in Jordan

Most of the complaints in Saudi Arabia and the UAE come not from the consumers but businesses unsure about how to implement VAT on goods and services. (Shutterstock)

January 7th, 2019 - 09:26 GMT

VAT is GCC Countries’ Silver Lining in This Dire Phase

Syrian refugees in Turkey, Jordan and Lebanon could better contribute to local economies if they were trained for middle-skill jobs. (Shutterstock)

January 7th, 2019 - 08:56 GMT

Study: Syrian Refugees Can Aid Local Economies If Trained

Solidere suffered further losses in the first half of 2018 as the firm was forced to put more provisions in place for bad loans, according to auditing company Deloitte. (Shutterstock)

January 7th, 2019 - 08:47 GMT

Lebanese Real Estate Development Giant Reports $100 Million Loss in First Half of 2018

The currency was trading at about 110,000 rials per US dollar on the unofficial market on Sunday. (Shutterstock)

January 7th, 2019 - 08:26 GMT

Iran Mulls Removing Four Zeros From Its Plunging Currency