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Cyprus Public Sector Elevates Digital Infrastructure With Strategic Lenovo Partnership

by THEFUTURE.TEAM

July 23, 2025

The Deputy Ministry of Research, Innovation and Digital Policy in Cyprus has embarked on a transformative initiative with a strategic agreement involving Lenovo and Newcytech Business Solutions Ltd. The collaboration, finalized through the ministry’s department of information technology services, is geared toward enhancing the digital backbone of the public sector over the coming two years, with an option for an additional extension.

Modernizing Public Sector IT Capabilities

The agreement centers on the supply of advanced Lenovo ThinkSystem servers, each capable of being tailored to meet the diverse needs of various government services. These specialized server systems, known for their scalability and robust performance underpinned by artificial intelligence technologies, will provide critical support for data analytics, cloud infrastructure, and automation systems.

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Comprehensive Digital Transformation

Beyond the hardware, the deal encompasses the provision of operating systems, installation, and comprehensive technical support throughout the contract term. This holistic approach is designed to address the increasing complexity of modern IT demands and ensure robust security and operational flexibility.

Strategic Partnership and Execution

Newcytech Business Solutions Ltd, a subsidiary of Logicom Public Ltd and Lenovo’s strategic partner in Cyprus, will facilitate the execution of this project. Their established expertise in integrated IT solutions positions them to effectively manage the customization and deployment of these advanced systems, ensuring the technology evolves in tandem with the public sector’s requirements.

Leadership Insights

Panagiotis Makryniotis, Managing Director of Lenovo for Greece and Cyprus, emphasized the project’s strategic significance: “With this collaboration, we are taking an important step towards strengthening the digital capabilities of the public sector in Cyprus. Our solutions transcend computing power, serving as a modernisation tool designed for security, flexibility, and future readiness in the era of Artificial Intelligence.”

Similarly, Andreas Dermosoniades, Managing Director of Newcytech Business Solutions Ltd, remarked, “This agreement marks a milestone in fortifying the digital landscape of the Cypriot public sector. Our combined expertise with Lenovo’s advanced solutions ensures that government infrastructure will adeptly address the evolving challenges of flexibility, security, and computing power.”

This initiative not only signifies a modernization drive but also reinforces Cyprus’ commitment to leveraging cutting-edge technology to enhance public governance and service delivery.

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FinTech’s Dominance In MENA: Three Strategic Drivers Behind Unyielding VC Success

by THEFUTURE.TEAM

September 11, 2025

Despite facing tightening global liquidity and macroeconomic headwinds, the FinTech sector continues to assert its leadership in the MENA region. In the first half of 2025, FinTech emerged as the most resilient and appealing arena for venture capital investments, proving its worth as a catalyst for financial innovation and inclusion.

Addressing Structural Financial Gaps

In many parts of MENA, a significant proportion of the population remains underbanked and underserved by traditional financial institutions. FinTech companies are uniquely positioned to address these persistent challenges by bridging critical access gaps and driving financial inclusion. With the proliferation of payment apps, digital wallets, and micro-lending platforms, investors have witnessed firsthand how these solutions pave the way for scalable growth and eventual exits. Early-stage momentum in the region is underscored by a doubling of pre-seed deals year-over-year, reinforcing the sector’s capacity for rapid innovation and sustainable expansion.

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Highly Scalable and Replicable Business Models

One of the key factors behind FinTech’s dominance is the inherent scalability of its business models. Once the necessary infrastructure and regulatory approvals are in place, these models have demonstrated robust performance across borders. The first half of 2025 saw a marked acceleration in deal activity, with payment solutions leading the charge with 28 deals in MENA—a significant increase over the previous year. Lending platforms, in particular, experienced a meteoric 500% year-over-year increase in funding, emerging as the fastest-growing subindustry. Such replicability makes FinTech an attractive proposition for investors seeking high-growth opportunities in diverse markets.

Supportive Regulatory And Government Backing

The strategic support offered by key government initiatives in the UAE and Saudi Arabia has been instrumental in propelling the FinTech sector forward. Progressive frameworks, such as the UAE’s open finance and digital asset directives, coupled with Saudi Arabia’s live-testing sandboxes, have materially lowered entry barriers for startups. These measures not only foster innovation but also streamline the path to commercialization. Consequently, the combined efforts of these regulatory bodies have enabled the UAE and Saudi Arabia to account for 86% of MENA’s total FinTech funding in H1 2025.

The resilience of FinTech in MENA is not merely a reflection of contemporary market trends—it signals a fundamental shift in the region’s economic fabric. With an unwavering commitment to addressing real financial challenges, scalable and replicable business practices, and robust regulatory support, FinTech is setting the benchmark for sustainable innovation. As capital markets become increasingly discerning, this sector stands out as a beacon of long-term growth and transformative impact.