Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Upskilling key to offset AI banking job losses

  • AI can be used to automate many of the routine tasks that are currently performed by bank employees, such as processing transactions, responding to customer queries.
  • While AI could lead to job losses in some areas, it could also free up employees to focus on more complex and challenging tasks.

Dubai, UAE — Artificial Intelligence can be used to automate many of the routine tasks that are currently performed by bank employees, such as processing transactions, responding to customer queries, and underwriting loans. This could lead to job losses in some areas, but it could also free up employees to focus on more complex and challenging tasks. Job losses could have a significant impact on the economy, as the banking sector is a major employer. The key for banks will be to invest in training and upskilling their employees so that they can take advantage of the opportunities that AI presents. TRENDS looks at the impact of AI on banking sector jobs: