Breaking news

Damianou Meets With Leading G42 Companies In Abu Dhabi To Discuss AI Collaborations

In a strategic move aimed at bolstering Cyprus’s position in the rapidly evolving field of artificial intelligence (AI), Mr. Michael Damianou, a prominent figure in Cypriot business and technology sectors, recently met with leading companies under the G42 umbrella in Abu Dhabi. The discussions focused on exploring potential collaborations in AI, signalling a forward-thinking approach to integrating advanced technologies into the Cypriot economy.

G42, headquartered in the United Arab Emirates, is a renowned AI and cloud computing company known for its innovative solutions across various industries, including healthcare, finance, and smart cities. The company’s expertise in harnessing AI to drive efficiency and innovation has made it a global leader in the tech industry. The meeting between Damianou and G42 executives underscores the potential for significant technological advancements and economic benefits for Cyprus.

The discussions covered a broad range of AI applications, reflecting the diverse capabilities of G42. Key areas of interest included AI-driven healthcare solutions, smart city initiatives, and advancements in financial technologies. These sectors are poised to benefit immensely from AI integration, offering improved services, enhanced efficiency, and new economic opportunities.

Healthcare emerged as a pivotal area for collaboration. G42’s AI solutions have the potential to revolutionise healthcare delivery in Cyprus by enabling predictive analytics, personalised medicine, and efficient resource management. Such advancements could lead to better patient outcomes, reduced healthcare costs, and a more robust healthcare infrastructure.

Smart city technologies were another focal point of the discussions. G42’s expertise in developing AI-powered solutions for urban management can assist Cyprus in creating smarter, more sustainable cities. These solutions encompass traffic management, energy optimisation, and public safety, aiming to enhance the quality of life for citizens and promote sustainable urban development.

The financial sector also stands to gain from AI collaborations. By leveraging G42’s AI capabilities, Cypriot financial institutions can enhance their services through advanced data analytics, fraud detection, and personalised financial planning. This can lead to greater financial inclusion, security, and customer satisfaction.

Mr. Damianou expressed optimism about the potential collaborations, stating, “Engaging with G42 offers a tremendous opportunity for Cyprus to advance its AI capabilities and drive innovation across multiple sectors. The expertise and technological prowess of G42 align with our vision to transform Cyprus into a hub of technological excellence.”

UAE Job Trends For 2025: High-Demand And Lucrative Roles Revealed

The UAE’s flourishing asset management sector, bolstered by rising investor interest, regulatory advancements, and a surge in Family Offices and Ultra High Net Worth Individuals (UHNWIs), is driving demand for banking and finance talent.

Roles in fundraising and institutional sales are particularly sought after, with professionals in these fields highly valued for their regional networks and industry expertise, according to Michael Page’s UAE 2025 Salary Guides. The comprehensive report, which includes insights from 17 industries, offers an overview of current hiring trends, salary benchmarks, and the recruitment challenges businesses face.

Banking And Finance In High Demand

The report highlights a significant need for compliance professionals, especially those with experience in Dubai Financial Services Authority (DFSA) and Financial Services Regulatory Authority (FSRA) regulations. Chief Compliance Officers and Money Laundering Reporting Officers (MLROs) are among the most lucrative roles in the sector. Jon Ede, Regional Director UAE at Michael Page, pointed out that in 2024, the UAE’s workforce grew by 9%, and the number of new companies increased by 14.5%, showing the success of the nation’s strategic initiatives.

Sales, Marketing, And IT Growth

The sales and marketing sector has seen steady growth, especially in B2B industries like technology, real estate, energy, and logistics. Roles such as Business Development Manager, Chief Commercial Officer, and Strategic Sales Director are in demand, with a premium placed on business development, key account management, and communication skills.

The IT sector, meanwhile, continues to evolve rapidly, with high demand for positions like Head of Software Development, Full-Stack Software Engineer, Agile Product Manager, Senior DevOps Engineer, and Digital Adoption Specialist. The report underscores the significant shift in the UAE talent market for digital professionals in recent years.

Navigating The Skills Shortage

The study also highlights the growing skills shortage, with businesses grappling to find candidates with the right expertise. A staggering 37% of business leaders reported challenges in finding skilled talent, while nearly a third (30%) struggled with employee retention. Nearly half (48%) of employers also cited aligning salary expectations with candidates as a key obstacle.

Ede suggests that businesses can overcome these challenges by offering competitive packages that include benefits, career development opportunities, and workplace incentives, positioning themselves as attractive employers in the competitive UAE job market.

Uri Levine Course

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter