Breaking news

Cyprus Expands Strategic Ties With Qatar Through High-Profile Delegation Visit

by THEFUTURE.TEAM

November 19, 2025

Cyprus and Qatar are strengthening their economic and technological bonds, marking a significant step in collaborative business and innovation. A recent delegation from Cyprus, organized by the Employers and Industrialists Federation (Oev) and the Cyprus Information Technology Enterprises Association (CITEA), visited Doha to explore new opportunities and exchange insights.

Strengthening Bilateral Ties

The visit, which included a briefing on Qatar’s dynamic business environment, underscored the mutual ambition to foster long-term partnerships. Accompanied by Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou, the delegation demonstrated the government’s commitment to advancing digital transformation and innovation.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Delegation Highlights And Leadership

Key figures in the delegation included former Oev president Antonis Antoniou and CITEA president Dimitris Nisiotis, who led discussions aimed at exploring diverse areas of cooperation. In addition, seven Cypriot companies—each a member of CITEA—actively showcased their services and products, opening the door to sustained business interactions with Qatari enterprises.

Future Prospects

The series of meetings with local companies and industry organizations provided not only a platform for business presentations but also valuable opportunities for networking and strategic dialogue. This initiative paves the way for future joint ventures and collaborations, as both nations look to harness their complementary strengths in technology and commerce.

The Future Forbes Realty Global Properties

Meta’s Reality Labs Deepens Its Losses Even As Revenue Climbs

Meta Platforms’ Reality Labs division reported an operating loss of $4.62 billion in the second quarter, highlighting the continued cost of the company’s investments in virtual and augmented reality technologies. The unit generated revenue of $431 million, up from $370 million a year earlier and above analysts’ expectations of $423.4 million, according to StreetAccount. Operating losses widened from $4.53 billion in the same quarter of 2025.

Revenue Grows As Losses Continue

Despite higher revenue, Reality Labs remains one of Meta’s biggest cost centres. Since late 2020, the division has accumulated more than $80 billion in operating losses as the company continues investing in hardware and software for its long-term computing strategy.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Focus Shifts Toward AI Wearables

Reality Labs develops the Quest virtual reality headsets and Ray-Ban Meta smart glasses in partnership with EssilorLuxottica. While Meta originally positioned the division around its metaverse vision, the company has increasingly focused on AI-powered wearables as demand for virtual reality devices has grown more slowly than expected.

Long-Term Investment

Meta renamed Facebook to Meta in 2021 to reflect its strategy of expanding beyond social media through immersive technologies. Although Reality Labs continues to report multi-billion-dollar quarterly losses, Zuckerberg has maintained that investments in AI, wearable devices and next-generation computing platforms are central to the company’s long-term growth strategy.