CycloTech Establishes Subsidiary in Abu Dhabi’s SAVI Cluster

Abu dhabi: The Abu Dhabi Investment Office (ADIO) and CycloTech GmbH, an Austrian aerospace technology company, have announced the establishment of a wholly owned subsidiary by CycloTech within Abu Dhabi’s Smart and Autonomous Vehicles Industry (SAVI) cluster. This strategic move aims to anchor CycloTech’s presence in the Middle East and support the commercialization of its … Read more

Presight Revenues Surge 48.8% to AED1.74 Billion in 9M’2025

Abu dhabi: Presight AI Holding PLC today announced revenues of AED1.74 billion for the first nine months of 2025, marking a 48.8 percent year-on-year increase. Organic revenues grew by 25.1 percent, while earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 40.3 percent to AED377.4 million. Net profit increased by 12.1 percent to AED320 … Read more

SEDD Organises Future Economy Forum to Boost AI Integration in Vehicle Maintenance

Sharjah: The Sharjah Economic Development Department (SEDD) organised the Future Economy Forum at the Sharjah Classic Cars Museum in collaboration with the UAE’s National Artificial Intelligence Programme, Sharjah City Municipality, Sharjah Foundation for Supporting Entrepreneurship (Ruwad), and various private-sector entities. The forum was held under the theme ‘Maintaining and repairing vehicles using AI’. According to … Read more

Hub71 and Unicorn Factory Lisboa Forge Partnership to Enhance UAE-Europe Startup Expansion

Lisbon: Hub71, Abu Dhabi’s global tech ecosystem, and Unicorn Factory Lisboa, an initiative of the Lisbon City Council, have signed a strategic partnership to advance cross-border innovation and entrepreneurship between the UAE and Portugal. The agreement was signed at Web Summit 2025 in Lisbon, witnessed by Mohammad Abdulrahman Alhawi, Under-Secretary of the UAE’s Ministry of … Read more