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Cyprus and Greece Showcase Technological Prowess at GITEX Global 2025

by THEFUTURE.TEAM

October 22, 2025

Leading the Charge in Innovation

Cyprus and Greece have successfully concluded their participation at GITEX Global 2025, one of the world’s most influential technology and innovation exhibitions. The Cyprus Information Technology Enterprises Association (CITEA) expertly coordinated both national delegations, demonstrating the dynamic growth and global competitiveness of the Eastern Mediterranean’s technology ecosystems.

Strategic Presence on the Global Stage

Hosted from October 13 to 17 at the Dubai World Trade Centre, the event attracted thousands of global investors, tech leaders, and entrepreneurs. The Cyprus Pavilion, organized by the Ministry of Energy, Commerce and Industry in partnership with the Trade Centre of the Republic of Cyprus in Dubai and supported by CITEA, brought together 14 leading Cypriot technology companies. In a parallel effort, the Greece Pavilion, officially backed by Enterprise Greece and the Federation of Hellenic ICT Enterprises (SEPE), marked its debut with five prominent Greek companies.

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Building International Partnerships

Both delegations capitalized on high-value networking opportunities with international organizations and innovative firms, underscoring the potential for new partnerships and cross-border collaboration. CITEA’s pivotal role in coordinating activities ensured that the delegations not only maintained cohesion but also maximized visibility on the global stage.

Endorsements From Industry Leaders

The gathering was further highlighted by the presence of leading officials. The Cyprus Pavilion welcomed Minister of Energy, George Papanastasiou, Chief Scientist of the Republic of Cyprus, Demetris Skourides, and Ambassador of Cyprus to the UAE, Meropi Christophi. The Minister emphasized the integral role of innovation and technology in Cyprus’ strategic development, while Skourides lauded the exceptional expertise of Cypriot companies. Ambassador Christophi also expressed strong support for the national mission, which effectively showcased Cyprus and Greece’s professional and positive representation in the United Arab Emirates.

Looking Ahead

On behalf of CITEA, gratitude was extended to all supporters and participants. This impressive display of innovation and collaboration at GITEX Global 2025 reinforces the position of Cyprus and Greece as emerging hubs of digital advancement, prepared to play influential roles on the international stage.

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Monday.com To Cut 20% Of Workforce As It Expands AI Strategy

Monday.com, the Israeli workplace software company, is laying off about 630 employees, or roughly 20% of its workforce, as it restructures the business to support a leaner operating model and accelerate investment in artificial intelligence.

Restructuring Around AI

In a regulatory filing, the company said the workforce reduction is intended to better align resources with its AI strategy, which has become a central focus of its product development.

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Earlier this year, Monday.com expanded its AI offering by introducing the Monday.com AI Work Platform, designed to integrate AI agents into day-to-day business workflows.

The platform includes a no-code app builder, a customizable AI agent, workflow automation tools and a chatbot capable of generating reports, updating dashboards and assisting with routine tasks.

Part Of A Wider Industry Trend

Monday.com’s restructuring reflects a broader shift across the technology sector, where companies are reducing costs while increasing investment in AI development and infrastructure.

According to Layoffs.fyi, tech layoffs rose sharply in May, with 78% of companies citing AI-related restructuring as a factor behind job cuts this year. More than 122,000 technology roles have been eliminated worldwide in 2026, according to the tracker.

Restructuring Costs

Monday.com expects to record restructuring charges of between $45 million and $55 million as a result of the layoffs. The move highlights how software companies are reallocating resources to support AI-focused products and services as competition in the sector intensifies.