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2026-07-06T17:16:47.220Z

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Adnoc, XRG, Masdar ink German deals

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16 Hrs2026-09-11T20:23:00.000Z
Adnoc, XRG, Masdar ink German deals

Wall Street gains on August inflation data

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18 Hrs2026-09-11T17:57:00.000Z
Wall Street gains on August inflation data

European stocks face worst week since April 2026

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23 Hrs2026-09-11T13:13:00.000Z
European stocks face worst week since April 2026

Saudi Arabia launches AI company hub

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23 Hrs2026-09-11T13:02:45.715Z
Saudi Arabia launches AI company hub

U.S. inflation up 3.4% in August

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23 Hrs2026-09-11T13:01:00.000Z
U.S. inflation up 3.4% in August
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Microsoft cuts 4,800 jobs amid AI push

Microsoft cuts 4,800 jobs amid AI push

Microsoft has announced the layoff of 4,800 employees, approximately 2.1% of its total workforce, in a move aimed at reducing costs amid increasing reliance on artificial intelligence technologies. The layoffs will result in the company letting go of about 20% of its Xbox division staff, and will include the closure of four game development studios, with two of them resuming independent operations. This comes at a time when the company is experiencing a decline in sales and revenues, despite growth in cloud services and the LinkedIn platform.

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The Economy News page on Jarayid.com provides up-to-date coverage of major economic developments across the Arab world and globally, including markets, banking, companies, oil and energy, trade, investment, real estate, jobs, and inflation. We summarize important economic news and reports from trusted sources in a clear and concise format, helping readers quickly understand the trends, decisions, and events shaping economies, businesses, and financial markets.

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