INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Saudi Arabia, Clarity AI ink MoU to develop sustainability in private sector

Saudi Ministry of Economy and Planning and Clarity AI, the leading global platform for sustainability technologies.
  • Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data
  • They are discussing cooperation in training Saudi cadres to understand and analyze sustainability data, and participate in events and activities of common interest

Riyadh, Saudi Arabia — Saudi Arabia’s Ministry of Economy and Planning and Clarity AI, the leading global platform for sustainability technologies, have signed a memorandum of understanding (MoU) to bolster sustainable data-driven businesses in the kingdom.

Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data, discussing cooperation in training Saudi cadres to understand and analyze sustainability data, and participate in events and activities of common interest.

In recent past, Saudi Arabia has been taking firm steps to boost the use of sustainable data technologies.  Earlier in November, Saudi Cloud Computing Association organized World Cloud and Data Center Show which hosted global front-runners of the cloud and data center industries.

The event underlined the fundamental data strategies and digital blueprint that will propel the upcoming era of cloud adoption in Saudi Arabia. The initiative brought together exceptional industry-leading speakers and a multitude of C-level tech decision-makers, along with CMOs, CDOs, CXOs, and industry practitioners.

The Saudi Arabian market is anticipated to grow due to rising demands for quicker and simpler cloud service implementation.