Specialised co-sourcing is gaining traction in the travel industry amid cost, talent, and geopolitical pressures. According to 24/7 Travel Partner Desk, it can cut operational costs by 40–50%, and up to 70% in high-cost markets like the US and Northern Europe.
A $2 trillion sovereign wealth fund, managed by Norway's Norges Bank Investment Management, has begun using AI to police its own portfolio, deploying a large language model to scan over 7,000 companies for links to forced labour, corruption and fraud, thus reshaping how ESG risk is detected and acted upon, said a report.
In a landmark move, the Saudi cabinet, chaired by HRH Crown Prince Mohammed bin Salman, has announced the cancellation of the fees imposed on expatriate labour in industrial facilities, reported SPA. This decision reflects the kingdom’s leadership's ongoing support for the industrial sector.
