Presight AI Holding, a global leader in AI and data analytics, has reported revenue growth of 36.1% for the second quarter, which soared to AED713.2 million ($194 million), while its profit after tax registered a 30.2% growth over last year despite a dynamic regional operating environment.
Zain Group, a leading telecommunications services company in the region, has announced that its first-half net profit rose 73% year-on-year to KD220 million ($717 million), boosted by gains from strategic investments, while revenue surged 5% to hit KD1.14 billion ($3.68 billion).
Amazon is entering its fourth-quarter earnings period with improving investor confidence, supported by a strong performance in the previous quarter and growing optimism around its cloud computing division, Amazon Web Services (AWS), said an industry expert.
The emerging robotaxi market is one of the most dynamic segments of the automotive industry today and is poised to reach 1.53 million vehicles in 2036.
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.
Amid a rapidly shifting global landscape defined by geopolitical uncertainty, climate change and tech disruption, Generative AI and innovation-led 'Engine 2' business models are emerging as major drivers of resilience across the region, says a new study.
