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AMC News4 articles
Microsoft, Aramco Forge AI Alliance, Set 2026 Saudi Azure Launch
Microsoft and Saudi Aramco have agreed to collaborate on industrial artificial intelligence projects and workforce development. The tech giant confirmed its Saudi Arabia East Azure cloud region will commence operations in late 2026.
Microsoft Gains on Cool Inflation Data, Aramco AI Partnership
Microsoft shares advanced slightly Friday following cooler-than-expected inflation figures and a new AI partnership announcement with Saudi Aramco.
Aramco Achieves 70% Domestic Procurement, Aims for 75% by 2030
Saudi Aramco has reached a 70% local content level in its procurement through the iktva program and is now targeting 75% by 2030. The initiative has added over $280 billion to the national GDP.
Aramco Shares Edge Lower as Oil Prices and Geopolitics Drive Market Sentiment
Saudi Aramco shares closed slightly lower amid mixed signals from crude markets and ongoing geopolitical tensions, while the broader Saudi market posted modest gains.