Business

Amazon to Lay Off 14,000 Corporate Employees Amid AI Expansion

Kuwait city: Amazon announced Tuesday plans to cut 14,000 corporate positions, marking its largest round of layoffs in years, as part of efforts to streamline operations and expand investment in artificial intelligence (AI).

According to Kuwait News…

Saudi PIF Governor: USD 250 Billion Deals Sealed Since FII Launch

Riyadh: Governor of the Public Investment Fund (PIF) and Aramco Chairman Yasir Al-Rumayyan announced Tuesday, that deals exceeding USD 250 billion were concluded since the launch of the Future Investment Initiative (FII), reflecting its global economi…