IT & Telecommunications

IT & Telecommunications

Presight Q3 revenue up 15.3%; firm accelerates global expansion

Thu, 13 Nov 2025

Presight AI Holding, a leading Abu Dhabi-based global big data analytics company powered by AI, has reported another period of strong performance for the third quarter driven by robust international growth and sustained operational momentum.

IT & Telecommunications

Meta unveils $600bn US investment in AI Data Center expansion

Tue, 11 Nov 2025

Meta Platforms has announced plans to invest $600 billion across the US over the coming years to expand its artificial intelligence (AI) and data center infrastructure — one of the largest capital commitments ever made by a US technology company.

IT & Telecommunications

Dubai Chamber of Digital Economy backs setting up, expansion of 582 startups in 2025

Sun, 09 Nov 2025

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, supported the establishment and expansion of 582 digital startups during the first nine months of 2025.

IT & Telecommunications

Dubai Holding, Palantir launch JV to lead AI transformation

Tue, 04 Nov 2025

Dubai Holding, a diversified global investment company with investments in more than 30 countries, and Palantir Technologies, a global leader in operational artificial intelligence platforms, have announced a strategic agreement to establish a joint venture (JV) named Aither.

IT & Telecommunications

Magna AI, TechnoVal plan $300m alliance for AI-driven solutions in MENA

Tue, 04 Nov 2025

Magna AI, a global full-value-chain AI Transformation Factory being established in partnership with Trend Micro and Wistron Digital Technology Holding Company (WDH), has announced plans for a $300 million strategic alliance with TechnoVal, a leading regional enabler of digital transformation solutions.

IT & Telecommunications

stc Bahrain, center3 announce major progress on $320m ICT projects

Mon, 03 Nov 2025

stc Bahrain and center3 have announced significant progress on two of the Kingdom’s most transformative ICT infrastructure projects: the 2Africa Pearls Submarine Cable and the Bahrain Data Center Park.

IT & Telecommunications

Emirates Nuclear Energy Company, Presight set up AI platform

Fri, 31 Oct 2025

The Emirates Nuclear Energy Company and Presight, a leading global AI and big data analytics company, have co-developed Eneciq, an independent agentic AI platform designed to drive faster insights, decision-making, and knowledge sharing at ENEC.

IT & Telecommunications

Majority plans AI investments in Global South

Thu, 30 Oct 2025

About 87% of global investors plan to increase AI investments in the Global South within the next two years, with India, Southeast Asia, and the Middle East identified as most likely beneficiaries, a research report by the Future Investment Initiative (FII) Institute, in collaboration with Accenture, said.

IT & Telecommunications

Zain Group 9-month revenue hits $5.4bn, 15% increase

Wed, 29 Oct 2025

Zain Group, a leading provider of innovative ICT and digital lifestyle communications operating in eight markets across the Middle East and Africa, reported a 16-year high consolidated revenue of KD1.7 billion ($5.4 billion) for the first nine months of the year, an increase of 15% YoY.

IT & Telecommunications

UAE’s AI market set to hit $46bn by 2030, says report

Wed, 29 Oct 2025

The Artificial Intelligence market in UAE is poised for solid growth over the next few years and is set to hit AED170 billion ($46.3 billion) by 2030, thanks to the backing from sovereign funds and policies like Strategic Plan 2031 leading the way, said a new report.