AI poses bigger threat to women’s jobs, warns IMF’s Lagarde

IMF chief Christine Lagarde (R) told CNN's Richard Quest that there were 3% more women's jobs vulnerable to AI than men's. (AFP)
Updated 10 February 2019

AI poses bigger threat to women’s jobs, warns IMF’s Lagarde

  • Lagarde says women earn less and their jobs are more vulnerable to AI
  • She warns that post-Brexit Britain will be worse off

DUBAI: Artificial Intelligence, known as AI, poses a bigger threat to women’s jobs than men’s, International Monetary Fund chief Christine Lagarde said on Sunday at the World Government Summit in Dubai.

“AI and fourth industrial revolution will have a more severe impact on women than men, because many of the tasks that are done by women are more routine tasks that are more easily automated and can be substituted by AI and other tech devices,” she said.

According to Lagarde, 11 per cent of women’s jobs will be affected by AI, opposed to nine per cent of men’s jobs.

She said that even her role would ultimately be impacted by the development of technology.

Lagarde also spoke of the current challenges faced by the world: Trade tensions and tariff escalation, financial tightening, Uncertainty related to Brexit, and finally the  accelerated slowdown of the Chinese economy.

Moderated by CNN’s Richard Quest, the IMF chief spoke of the fact that the UK will “never have it as good as it does now” due to its imminent departure from the European Union after it voted to leave the bloc in summer of 2016.

Apart from these, Lagarde highlighted the importance of trust for economic growth in countries and the detrimental effects corruption has on an economy.

“All corruption erodes trust and trust is at the heart of economic relations, the more corruption you have the slower the growth,” she said.

Oman govt announces the creation of thousands of new jobs for locals

Updated 21 February 2019

Oman govt announces the creation of thousands of new jobs for locals

  • Government says new highway project will be completed by Fall 2019
  • More than 65,000 nationals were employed since Oman introduced an expat visa ban

DUBAI: Oman’s government has announced the creation of 2,500 jobs for its citizens in a series of transport development projects, national daily Times of Oman reported.

The projects are the development of the Adam-Thumrait highway in the south of the country which is due for completion by autumn 2019, the reuse of the old Muscat airport, and the research on the operation of Musandam Airport.

This announcement comes as the Omanization project continues as the government works to reduce the number of Omanis out of work.

An expat visa ban was introduced last year, which has led to the employment of more than 65,000 locals in the private and public sectors.

Before Omanization, almost 71 percent of Oman’s labor force were expatriates.