Can robots stick with humans and not take their jobs?

The AI-powered Ameca, made by the UK-based engineered Arts and described as a perfect platform for human-robot interaction, greets visitors at Dubai’s Museum of the Future. (AFP)
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Updated 22 October 2022
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Can robots stick with humans and not take their jobs?

  • Over a third of Middle East employees worry that their jobs will be replaced by new technologies over the next three years

DUBAI: Over a third of Middle Eastern employees worry that their jobs will be replaced by new technologies over the next three years, according to a PricewaterhouseCoopers survey released in
June 2022.

According to PwC Middle East’s Workforce Hopes and Fears Survey 2022, 32 percent of the employees said their companies use technology to improve the workplace, slightly higher than the global survey average.

However, around 41 percent of the surveyed people were worried about new technologies replacing their jobs over the next three years.

So, the question that may arise in their minds is: Will robots take over jobs? Short answer, no.

Scott Nowson, the artificial intelligence leader at PwC Middle East, told Arab News how these fears are unfounded because more use cases will emerge as technology advances. As a result, more value will be gained from investing in robotics, designing new experiences and envisioning new ways to live and work.

“As this happens, the knock-on effect will be that more people are required to train the robots, demonstrate how a task is to be done and create the rules that the robot should follow,” he added.

What they are up against

According to Nowson, robots will not displace most jobs soon or in the long run. While some jobs will be automated, there will be an increased demand for people to work in other areas, which means more job opportunities, he added.

Nowson said that most robots are purely functional and capable of performing only one task. Today’s most advanced robots include Boston Dynamics’ range — robots that can navigate uneven woodlands and dance.

“There has been no negative impact on job opportunities, except on the industrial level, which has not been widely adopted in the regional market,” Doaa Sulaiman, robotics director of Proven Robotics, told Arab News.

“Technology will free us from routine toil and give us the freedom to redefine work in ways that are more constructive and useful to society,” she added.

Despite doubters, technology has created millions of jobs and makes up 10 percent of the US’ gross domestic product, according to Sulaiman.

Proven Robotics, based in the UAE and Saudi Arabia, works with customers who require robotics for visitor management, process automation and acceleration of functions that require a robot instead of a human. These companies and entities range from banking and healthcare to education and events.

“Other companies are government offices that need to organize the check-in process for their buildings and facilities,” she added. Adding to the robotics world is Ameca, an AI-powered humanoid robot that will interact with Dubai’s Museum of the Future visitors.

The AI-powered Ameca, manufactured by the UK-based Engineered Arts, is described as a perfect platform for human-robot interaction. Her “smooth, lifelike motion and advanced facial expression capabilities mean Ameca can strike an instant rapport with anybody,” the manufacturer’s website said. According to a statement, the humanoid robot Ameca is considered the “most advanced” in the world.

The new-age workforce

Anas Batikhi, the managing director of health tech firm Santechture, believes that such technologies will ultimately shift focus to developing workforce talent and investing in people skills development rather than process improvements.

The company uses AI through its software solutions to help healthcare professionals administer, document and bill patients intelligently.

Communication and technological understanding is critical, said PwC’s Nowson.

The fact that 53 percent of respondents in the region reported limited opportunities to learn from colleagues with advanced technological or digital skills is concerning, he added.

It is difficult for companies to use AI and robots as the technology is not fully understood, primarily because traditional management thinking is skeptical toward change and lacks innovation when it comes to medium- and long-term investments, according to Batikhi.

Therefore, if robotics is to be introduced at scale to any workforce sector, there must be a better understanding and awareness of its impacts. Most importantly, opportunities for education and additional skills must be provided for all, Nowson said.

Over the past two years, businesses have started to seriously look at robots and robotics solutions as contributing to business processes instead of just for show, Sulaiman said.

“AI is changing how we work,” she said. Tech companies are creating jobs and opportunities for employee growth by adapting to these technologies, Sulaiman added. AI now automates repetitive tasks so employees can focus on more critical tasks.

While AI technologies have improved and advanced many functions everywhere, including office processes, airports and facilities, physical robots still have a long way to go, Sulaiman said.

For handling everyday robot processes, it is considered a vital training aspect and a skill that most entities, especially universities and schools, are adding to their resource pools, Sulaiman added.

“A unique curriculum has been added to pregraduate and postgraduates studies, with many graduation projects now focusing on robots and robotics,” she said.

There are many ways available for Proven Robotics clients to adopt robotics solutions in their operations, from welcoming visitors and making boardroom reservations to delivering mail and food.

Therefore, Nowson concluded that the intention behind robotics and AI is to augment humans, not replace them.

Companies are always looking for ways to automate new tasks at work, and robotics is just one example.

In dangerous physical environments, automation reduces the risk of human life, but it can also reduce burnout in an office setting, Nowson said.

“Even if a task is 99.9 percent identically repetitive, there will always be a need for a human for the remaining 0.1 percent,” he concluded.


Hilton plans to quadruple its Saudi footprint, says top executive

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Hilton plans to quadruple its Saudi footprint, says top executive

RIYADH: Saudi Arabia’s hospitality sector is growing by leaps and bounds with key global players entering the scene due to the business-friendly policies of the Kingdom announced as part of its economic diversification efforts.

Hospitality giant Hilton has announced plans to develop two hotels in Jeddah and Abha. According to a press statement, Hampton by Hilton Al Nuzhah in Jeddah will be developed in partnership with Al Manar United for Trading. Scheduled for opening in 2026, the hotel will feature 80 rooms.

The Hilton Garden Inn located in Abha is expected to open in 2027, it said.

The Abha hotel, also developed in partnership with Al Manar United for Trading will have 200 rooms, a lounge, a dining area, and a rooftop, as well as a gym and an outdoor pool.

Speaking to Arab News on the sidelines of the Future Hospitality Summit in Riyadh on Monday, Guy Hutchinson, president of Hilton in the Middle East and Africa region, said that the company plans to more than quadruple its Saudi footprint and open more than 60 hotels, with plans to exceed 100 properties in the coming years. 

“As Saudi Arabia sets its target to increase hotel rooms to 550,000 by 2030, our pipeline of hotels will add more than 17,000 rooms in the coming years and we will introduce new brands to emerging and established destinations in Saudi Arabia,” said Hutchinson. 

He added: “From focused service and branded residences to lifestyle and luxury, two-thirds of our pipeline is currently under construction and we remain committed to diversifying our portfolio to cater to diverse traveler needs.” 

In partnership with master developer Knowledge Economic City, Hilton also signed an agreement for Hilton Residences Madinah Knowledge Economic City adjacent to Hilton Madinah Knowledge Economic City which is currently under construction.

The project in Madinah — set to open in 2026 — is expected to feature 64 two, three, and four-bedroom apartments. 

“We are delighted to be working with master developer Knowledge Economic City to grow our footprint in Madinah. Knowledge Economic City is a very important project, playing a significant role in growing the city’s supply of modern and lifestyle destinations,” said Hutchinson. 

Guy Hutchinson, president of Hilton in the Middle East and Africa.

He added: “We currently have Hilton Madinah Knowledge Economic City under construction, and the branded residences will provide guests with various choices of apartments and access to the hotel’s wide range of amenities, further contributing to destination accommodation offering.” 

The press statement also added that Hilton Riyadh Olaya is expected to open its doors to guests in the coming months. 

Carlos Khneisser, vice president, of development, Middle East and Africa at Hilton, said these new agreements will help meet the rising demand from travelers to Saudi Arabia as the Kingdom targets 150 million visitors by 2030. 

“Saudi Arabia’s tourism landscape continues to evolve rapidly, presenting significant growth opportunities for Hilton and our valued partners. Two-thirds of our Saudi pipeline is currently under construction and we are working closely with investors to expand into new destinations with more of our brands,” said Khneisser. 

During the talk, Hutchinson said that Hilton is committed to creating 15,000 jobs in the Kingdom by 2030, with more than half of the recruits being local talents. 

“Our pipeline of hotels will create 15,000 job opportunities, with more than half of these recruits anticipated to be Saudi nationals. Over the past two years, Hilton’s portfolio of hotels across Saudi Arabia have welcomed more than 250 trainees through their doors, of which more than 200 are women,” added Hutchinson. 


DIFC records $2.6bn in gross written premiums, highest figure in its 20-year history 

Updated 5 min 42 sec ago
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DIFC records $2.6bn in gross written premiums, highest figure in its 20-year history 

RIYADH: Dubai International Financial Centre recorded its highest gross written premiums in its 20-year history, amounting to $2.6 billion in 2023, marking a 23 percent increase from the previous year. 

DIFC, a global financial center in the Middle East, Africa, and South Asia region, connects the fast-growing markets of the region with global economies and offers dining, retail, and living amenities, according to its website. 

The center also recorded a 20 percent increase in the registration of insurance and reinsurance firms, including the first move of a Guernsey-based captive. 

The Emirates News Agency reported that DIFC “has consolidated its position as the principal hub for the (re)insurance industry,” adding  that DIFC’s appeal for managing general agents, representing 43 percent of new registrations, is a major factor shaping its insurance landscape.

This is credited to the center’s well-established regulatory framework, facilitating partnerships with cedants and brokers. 

The influx of global insurers, reinsurers, and brokers, as well as captives, MGAs, and other industry stakeholders into DIFC, is driven by several factors. These include buoyant oil prices and increased infrastructure spending, as well as a focus on sustainable projects and low insurance penetration in the region. 

Among the notable entities to join DIFC’s insurance sector in the past year are Alif Limited, Arc Insurance and Reinsurance Limited, and Barents Risk Management Limited. Joining them are BharatRe Global Ltd. and many more, it added. 

Arif Amiri, CEO of DIFC Authority, emphasized the center’s role as a global industry hub, hosting over 120 registered insurers, reinsurers, captives, MGAs, and related entities. 

The significance of DIFC’s stature in the insurance domain is further underscored by its co-hosting of the Dubai World Insurance Congress, featuring discussions on key themes reshaping the industry’s future, including innovation, capital attraction, and talent development. 

In 2023, a survey conducted at DWIC revealed an 87 percent confidence in the Middle East, Africa, and Southern Asia market’s strategic opportunities. Property, health, energy, cyber, and liability lines of business were identified as holding the most potential. The survey also highlighted an 85 percent confidence rate in renewals and client retention. 

Over two decades, DIFC has fostered the growth of the insurance and reinsurance industry, attracting talent and expertise to access key markets in the Middle East, Asia, and Africa.  

The center hosts major insurance brokers, five of which are top ranked by the specialized insurance credit rating agency, AM Best. This has contributed to a significant 61 percent increase in brokered premiums compared to 2022, surpassing the $2 billion mark and solidifying DIFC’s position as a global market for insurance and reinsurance placements. 


Dubai Real Estate Brokers Program attracts 25 strategic partnerships

Updated 18 min 32 sec ago
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Dubai Real Estate Brokers Program attracts 25 strategic partnerships

RIYADH: Dubai’s property market is set to grow, with the Real Estate Brokers Program securing 25 partnerships with brokerage companies and developers in the private sector. 

According to a press statement, the first phase of the program, launched in mid-March and headed by the Dubai Land Department, also received over 1,000 registrations from Emirati citizens. 

Dubai Real Estate Brokers Program aims to increase the proportion of citizen brokers from 5 percent to 15 percent over the next three years to enhance the participation of young citizens in the Emirate’s developmental initiatives across various key sectors. 

“This reflects the early positive impact of the program, showcasing citizens’ aspirations and eagerness to engage as real estate brokers and acknowledging the pivotal role of Dubai’s real estate sector locally and globally,” said Marwan bin Ghalita, acting director general of Dubai Land Department. 

The initiative also aligns with Dubai Social Agenda 33, which seeks to triple the number of Emiratis working in the private sector.

Ghalita added that the program will help young talents in the nation enhance their productivity, therefore contributing to Dubai’s economic growth. 

“Dubai consistently offers outstanding examples of collaboration and synergy between the private and public sectors,” said Ghalita. 

He added: “With the program’s enrollment exceeding 1,000 citizens and real estate companies continuing to join the strategic alliance within a short period, we are diligently working toward achieving all the ambitious goals of the Dubai Real Estate Brokers Programme. In particular, Emirati real estate brokers will increase from 5 percent to 15 percent over the next three years.” 

The program also encompasses additional initiatives, including Emirati real estate broker licensing, encouraging property developers to allocate a portion of their sales to local agents, and empowering citizens in the property sector. 

Under the partnership with the private sector, citizen participants will receive various support packages to enhance the competitive edge of UAE people and enable them to take up roles in the real estate sector. 

The press statement added that efforts would also be made to allocate 10 percent to 15 percent of the development company’s sales to be marketed by Emirati real estate brokers, therefore contributing to the empowerment of national citizens by offering them employment opportunities in the property market. 


Dubai ruler approves new $35bn airport terminal

Updated 29 April 2024
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Dubai ruler approves new $35bn airport terminal

CAIRO: Dubai’s ruler Sheikh Mohammed bin Rashid Al-Maktoum approved a new passenger terminal in Al Maktoum International airport worth 128 billion dirhams ($34.85 billion), he said on Sunday in a post on X.

The Al Maktoum International Airport will be the largest in the world with a capacity of up to 260 million passengers, and five times the size of Dubai International Airport, he added, saying that all operations at Dubai airport would be transferred to Al Maktoum in the coming years.

The Al Maktoum airport will also include 400 terminal gates and five runways, he said.

The airport will be the new home of flagship carrier Emirates and its sister low-cost airline Flydubai along with all airline partners connecting the world to and from Dubai, Dubai state-owned airline Emirates chairman Sheikh Ahmed bin Saeed Al-Maktoum said.

The move “further solidifies Dubai’s position as a leading aviation hub on the world stage,” the CEO of Dubai Airports, Paul Griffiths, was quoted as saying by the Dubai Media Office.
 


Oil Updates – prices fall 1% on Israel-Hamas ceasefire talks, US inflation concerns

Updated 29 April 2024
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Oil Updates – prices fall 1% on Israel-Hamas ceasefire talks, US inflation concerns

BEIJING/NEW DELHI: Oil prices were down 1 percent on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and US inflation data further dimmed the prospects of interest rate cuts anytime soon, according to Reuters.

Brent crude futures fell by as much as 98 cents, or 1.09 percent, to $88.52 a barrel by 9:44 a.m. Saudi time. West Texas Intermediate futures were down 83 cents, or 0.99 percent, at $83.02 a barrel.

Stepped-up efforts to mediate a ceasefire between Israel and Hamas moderated geopolitical tensions and contributed to the weak opening on Monday, IG market analyst Tony Sycamore said. A Hamas delegation will visit Cairo on Monday for peace talks, a Hamas official told Reuters.

Israel’s foreign minister said on Saturday a planned incursion into Rafah, where more than one million displaced Palestinians are sheltering, could be put off in the event of a deal that involves the release of Israeli hostages.

A White House spokesperson said Israel had agreed to listen to US concerns about the humanitarian effects of the potential invasion.

Markets are also on watch for the US Federal Reserve’s May 1 policy review.

“Also playing a part are some nerves ahead of this week’s Federal Open Market Committee meeting which is expected to come with a more hawkish tone,” Sycamore said.

US inflation rose 2.7 percent in the 12 months through March, data on Friday showed, above the Fed’s target of 2 percent. Lower inflation would have increased the likelihood of interest rate cuts, which would stimulate economic growth and oil demand.

“The sticky US inflation sparks concerns for ‘higher-for-longer’ interest rates,” leading to a stronger US dollar and putting pressure on commodity prices, independent market analyst Tina Teng said.

The dollar strengthened on the prospect of higher-for-longer interest rates. A stronger dollar makes oil more expensive for those holding other currencies.

Further weighing on the outlook for oil demand, China’s industrial profit growth slowed down in March, official data showed on Saturday, in the latest sign of frail domestic demand in the world’s second largest economy.

Cumulative profits of China’s industrial firms rose 4.3 percent to 1.5 trillion yuan ($207 billion) in the first quarter from a year earlier, compared to a 10.2 percent rise in the first two months.

But oil prices could swing higher again if US inventory data and China’s PMI index show improvements this week, Teng said.

Brent had settled up 49 cents and WTI up 28 cents on Friday on concerns about disruptions to supply from events in the Middle East.

The market brushed aside potential supply disruptions stemming from Ukranian drone strikes on the Ilsky and Slavyansk oil refineries in Russia’s Krasnodar region over the weekend. The Slavyansk refinery had to suspend some operations after the attack, a plant executive said.