Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

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.