Breaking news

Cyprus Ministry Unveils €14 Million Digital Upgrade Scheme for Businesses

Boosting Digital Transformation in Cyprus

The Cyprus Ministry of Energy, Commerce and Industry has announced a major push to foster digital enhancement among local businesses. As part of the national initiative, Thaleia 2021–2027, a fresh round of the business digital upgrade scheme is now open for proposals.

A Hefty Investment in Technology

With a robust budget of €30 million dedicated to the scheme through this period, €14 million has been earmarked for the latest call for proposals. This initiative reflects the government’s commitment to integrating digital technologies in enterprise operations, primarily targeting businesses operating under the Republic of Cyprus’s supervision.

Important Dates and Application Details

The submission window opens on May 20, 2025, at 09:00, remaining open until funds are depleted. Prospective applicants can find the application guide, necessary documents, and submission form here. For further inquiries, contact the ministry at 22867282, 22867284, or 22867149.

Get Inspired

Curious how digital evolution aligns with Cyprus’s broader technological and entrepreneurial strategies? Dive into our coverage on how AI is paving the way for innovation.

Qatar And UAE Embark On U.S.-Led Pax Silica Initiative To Reinforce Global Supply Chains

New Strategic Alliance For Silicon Statecraft

Qatar and the United Arab Emirates are set to join a U.S.-driven effort to secure critical technology supply chains, particularly in the areas of artificial intelligence and semiconductors. Undersecretary of State for Economic Affairs Jacob Helberg outlined the initiative’s swift expansion in a recent interview with Reuters.

Bridging Historical Divides With Technology

The inclusion of these Gulf nations is significant given the region’s complex political landscape, underscoring a broader strategy by U.S. policymakers to align Middle Eastern states with key allies such as Israel. This integrated approach aims to leverage the diverse industrial capabilities of each member country in a unified economic security front.

Pax Silica: Beyond Diplomatic Declarations

Officially dubbed Pax Silica, the program is designed to protect the entire technology supply chain—from critical minerals to advanced manufacturing, computing infrastructure, and data management. As a cornerstone of a long-term economic statecraft agenda that originally took root under the Trump administration, the initiative strives to reduce reliance on rival global powers while bolstering technological collaboration among allied partners.

Operational Blueprint For Economic Security

“The Silicon Declaration isn’t just a diplomatic communiqué,” Helberg noted. “It’s meant to be an operational document for a new economic security consensus.” The initiative includes some of the world’s leading industrial economies, including Israel, Japan, South Korea, Singapore, Britain, and Australia. Qatar is scheduled to sign the declaration on January 12, with the UAE following on January 15.

A Shift From Energy To Silicon

Helberg emphasized that the program represents a fundamental transformation in regional economic policy. For the UAE and Qatar, the move marks a decisive shift from a dependency on hydrocarbons to an emphasis on technology and innovation, symbolizing a broader diversification away from energy-centric security frameworks.

Future Projects And Global Integration

The Pax Silica group, which convened recently in Washington, is actively working on projects aimed at modernizing trade and logistics routes. One notable example is the proposed India-Middle East-Europe Corridor, which intends to employ advanced U.S. technologies to enhance regional connectivity and expand American economic influence. The framework also includes plans to establish the “Fort Foundry One” industrial park in Israel, as well as upcoming discussions on AI cooperation slated for further exploration on January 16.

Strengthening Global Alliances In A Complex Era

These initiatives come at a time when global supply chains are increasingly seen as strategic assets. As the Pax Silica group seeks to broaden its membership and launch key strategic projects this year, its coordinated efforts to secure critical infrastructure and technology may pave the way for enhanced global economic security. The timing also complements the upcoming Future Minerals Forum in Riyadh, organized by Saudi Arabia, which will gather top officials, industry leaders, and investors to deliberate on future mineral and supply chain strategies.

The coalition’s vision reflects a broader shift in international security paradigms, one that is less about traditional alliances and more about leveraging collective industrial strengths and technological innovations to create a securely integrated economic future.

Uol
Aretilaw firm
The Future Forbes Realty Global Properties
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter