Saudi Arabia

The figures result from the completion of several major digital infrastructure projects, fueling SME growth and creating 7,000 new jobs.

First-quarter net profit across listed banks rose 8% year-on-year to $6.4 billion (SAR 24 billion), exceeding consensus estimates by 3%

The companies have also unveiled the first commercial Quantum Computing as a Service platform in the Middle East.

The system, Aramco’s largest-ever computing infrastructure deployment, will deliver seven times its current upstream computing capacity by 2027.

By combining infrastructure, marketplaces, and managed services, the partnership aims to compress time-to-deployment for enterprises.