07/05/2026 01:53 AST

Aramco and IBM announced their intended collaboration on opportunities to advance AI, agentic AI, automation, material science and other mutually agreed domains in the industrial sector.

The collaboration will focus on exploring the creation of practical, high-impact solutions, combining IBM's enterprise-grade technology platforms, consulting industry expertise and research innovation capabilities with Aramco's vast scale of industrial operations, extensive data assets, and energy-specific expertise and knowledge built over 90 years.

Together, the organisations will explore applications of AI, hybrid cloud, and advanced technologies across industrial and energy systems, including industrial AI use cases in mission-critical environments.

These efforts aim to leverage the organisations' complementary strengths to unlock greater value and accelerate innovation at scale.

The announcement was made at THINK Boston, IBM's event, in the presence of Arvind Krishna, Chairman and Chief Executive Officer of IBM, Sami Al Ajmi, Senior Vice President of Digital & Information Technology at Aramco, along with senior executives and other distinguished guests from industry, the public sector, and academia.

Al Ajmi said: "Technology and innovation are central to Aramco's long-term strategy. This collaboration with IBM enables us to assess how industrial AI and other mutually-agreed domains can further enhance operational excellence and resilience, while reinforcing our leadership in Industrial AI-particularly in reliability, safety, and mission-critical environments."

"Combining Innovation and advanced technology represents the next frontier in enterprise transformation," said, Saad Toma, General Manager, IBM Middle East and Africa. "By collaborating with Aramco, we are exploring how emerging technologies are addressing some of the world's most complex industrial challenges, while reinforcing our shared commitment to continuous investment in innovation."


Trade Arabia

Ongoing Strait of Hormuz Disruption Could Drag Oil Market Recovery into 2027: Aramco CEO

12/05/2026

The ongoing energy supply shock is the largest the world has ever experienced, and continued disruption of the Strait of Hormuz could delay oil market normalization into 2027, Saudi Aramco CEO Amin N

Asharq Al Awsat

Aramco CEO warns 1bn barrels lost will slow oil market recovery

11/05/2026

The world has lost about 1 billion barrels of oil over the past two months and energy markets will take time to stabilize even if ?flows resume, ?Saudi Aramco's CEO said on ?Sunday, ?as shipping disr

Asharq Al Awsat

Aramco Q1 profit jumps 26% to $33.6bn, declares $21.9bn dividend

11/05/2026

Saudi Aramco posted first-quarter adjusted net income of $33.6 billion, up 26 percent year on year, as resilient operations helped offset regional geopolitical disruptions.

The state oil gia

Arab News

Ticker Price Volume
SAUDIARAMCO Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ADNOCGAS 3.42 0.01 (0.29%)
ADNOCDRILL 6.30 0.01 (0.15%)
BAHRI 34.40 0.36 (1.05%)
PETRORABIGH 14.16 0.16 (1.14%)
ADES 19.26 0.05 (0.26%)
Gulf Bank showcases the benefits of its salary packages at Assima Mall

15/05/2026

Over the course of three days, from 14 to 16 May, Gulf Bank organized a special activation at Assima Mall to introduce the benefits of its salary packages for Kuwaitis working in the government secto

Kuwait Times

GFH reports Q1 net profit attributable to shareholders of $35.11m

15/05/2026

GFH Bank (GFH) has announced a net profit attributable to shareholders of $35.11 million for the first quarter of 2026 compared to $30.14 million in the same period last year, an increase of 16.5%.

Trade Arabia

KIPCO reports a net profit of KD 3.5m for Q1 2026

15/05/2026

KIPCO - Kuwait Projects Company (Holding) - announced a net profit of KD 3.5 million for the first three months of 2026. Earnings per share for the first quarter were 0.3 fils. The decrease in KIPCO'

Kuwait Times

Air Arabia reports $76m net profit for Q1 2026

15/05/2026

Air Arabia, a large budget carrier operator in Mena, announced its financial and operational results for the first quarter ending March 31, 2026.

Air Arabia reported a net profit of AED278 m

Trade Arabia

OQEP reports $770.8m revenue for Q1 2026

15/05/2026

OQ Exploration & Production (OQEP), Oman's oil and gas exploration and production company, has reported resilient unaudited Q1 2026 financial results.

Revenue for the quarter stood at OMR296

Trade Arabia