Oman has formally partnered with Egypt's Prime Group to establish the first dedicated Artificial Intelligence (AI) zone in Muscat. This initiative is designed to attract foreign investment, stimulate technological innovation, and generate employment opportunities within Oman's AI sector. The zone aims to serve as a hub for AI development and application in the Sultanate. Why it matters: This development represents a crucial step in Oman's strategy to build a robust national AI infrastructure and foster a vibrant ecosystem for advanced technology.
Presight AI Holding PLC reported a 22.2% year-on-year revenue increase, reaching AED 689.0 million in Q1-2026, alongside a 12.7% rise in EBITDA and an 11.5% increase in profit after tax. This growth was fueled by continued execution across multi-year contracts, new domestic wins, and sustained international momentum, with international revenue growing 62.9% to represent 30.0% of the Group's total. AIQ contributed AED 205.3 million (29.8%) to the Group's revenue, and the company maintained a robust, debt-free balance sheet with an order backlog of AED 3.1 billion. Why it matters: This financial performance highlights the increasing global demand for and successful deployment of sovereign, mission-critical AI infrastructure from a prominent UAE-based company.