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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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

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Total income rose by 12 percent in the same period.

Saudi Arabia partners with Microsoft Arabia for AI use in media

The signing ceremony was attended by the Assistant Minister of Media, Dr. Abdullah bin Ahmed Al-Maghlooth, and Microsoft's Executive Vice President of Data and Artificial Intelligence, Ziad Mansour.
  • The collaboration spans data analysis, machine learning, artificial intelligence, security and privacy solutions, and software and service development solutions
  • The MoU aims to enhance the media sector in Saudi Arabia, enabling it to contribute to the local economy and benefit from the advancements of artificial intelligence

Riyadh, Saudi Arabia – The Ministry of Media and Microsoft Arabia signed a memorandum of understanding (MoU) in Riyadh on Tuesday to collaborate in several areas, including developing technical aspects in data analysis, machine learning, artificial intelligence, security and privacy solutions, and software and service development solutions. The goal is to improve the quality of local media content and keep pace with global developments to serve the Ministry of Media’s future goals.

The signing ceremony was attended by the Assistant Minister of Media, Dr. Abdullah bin Ahmed Al-Maghlooth, and Microsoft’s Executive Vice President of Data and Artificial Intelligence, Ziad Mansour.

The Ministry of Media was represented by the General Manager of Digital Transformation and Information Technology and General Manager of Cybersecurity, Eng. Bassem Al-Hazmi, while Microsoft Arabia President Turki Badhris represented the company.

The memorandum aims to enhance the media sector in Saudi Arabia, enabling it to contribute to the local economy and benefit from the advancements of artificial intelligence and its various applications in the media field.