Millions of jobs, especially those held by women and young people, face significant exposure to automation, if core principles of ethical and inclusive governance of Artificial intelligence (AI) are not considered, said a new report from the United Nations Development Programme (UNDP).
The GCC countries have built an investment base of $426 billion across nearly 22,000 factories, contributing 13% of regional GDP in 2025, said a report. About 40% of the industrial investments are concentrated in key sectors such as plastics, refined petroleum products, aluminium and iron and steel.
Minister of Saudi Arabia Tourism Ahmed Al-Khateeb has approved new policies and regulations for registering workers and localising activities in licensed tourism facilities across the Kingdom.
International Monetary Fund (IMF) has warned that AI was hitting the global labour market like a 'slow-moving tsunami,' with young graduates first in line to be knocked down while the World Bank called for governments to make 'crisis-era' support measures a permanent tool for getting young people into work.
